List of major company layoffs due to the coronavirus - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The coronavirus outbreak has triggered unprecedented mass layoffs and furloughs. Here are the major companies that have announced they are downsizing their workforces.

New York's Metropolitan Opera is the largest performing arts organization in the US by budget. On March 19, the Met laid off all of its union employees for the duration of the coronavirus outbreak. The Met also announced the cancellation of all performances through the end of the 2019-2020 season, which was set to end May 9.

Danny Meyer opened his first restaurant, Union Square Cafe, in 1985 at age 27, and went on to found Shake Shack, which is not currently part of the USHG portfolio.Pebblebrook Hotel Trust, which owns over 50 hotels in the US including the W in Los Angeles, laid off 50% of its 8,000 employees on March 17. CEO Jon Bortz also told the Los Angeles Times that the company may need to lay off an additional 2,000 employees by the end of the month.

Arne Sorenson at a meeting with President Donald Trump discussing the economic response to the coronavirus outbreak on March 17, 2020.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Stock price and charts=ASX: $OLL Watch 'How Micro-Credentials will Change Education' on YouTube The easiest way to showcase your skills: The OpenLearning Portfolio October, 8 2020

Future of Education 👩‍💻❤👩‍🎓 Marketplace for online microcredentials OpenLearning to solve a skills shortage

OpenLearning=ASX: $OLL STOCKHEAD GROWTH Skills needed in search for recession-proof work Future of the stock market will be dependent on tech technologies to survive in the future.

Economic recovery will be built on educated upskilled workforce We know from experience, economic downturns lead to upturns in demand for education. An undisclosed amount of government funding will be invested in Micro-credentials.

Micro-credentialing will be recognised by employers as globally accepted industry standard Young people are giving up on their dream job We must support upskill for job opportunities. Else risk losing their future and our economy.

The shutdowns triggered unprecedented layoffs, not the virus. Learn the difference.

Allstate Insurance, laying off employees in the thousands, inexplicably left off this list

Couldn’t scroll down to the end... this list is so scary long.

The total number of jobs lost over the year was highest in California and New York, which reported decreases of 16 million and 12.1 million jobs, respectively:

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

A Florida bar owner is banning customers from wearing masks amid the coronavirus pandemic - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Are You Looking for an Professional 3D Logo Intro Animation? Contact Me : LogoAnimation Intro Video 3D Logo Animation Video Intro Cool
Source: BusinessInsider - 🏆 729. / 51 Read more »