Company Layoffs Accelerate as Recovery Appears Elusive

Corporate America unveiled another wave of job cuts and warned of additional reductions, as executives signal they are resigned to a lengthy coronavirus-induced economic downturn.

This past week, General Electric Co., Uber Technologies Inc. and Airbnb Inc. said they would lay off thousands of workers. MGM Resorts International warned that some of the 63,000 employees it has furloughed may be let go permanently starting in August. Aerospace supplier Raytheon Technologies Corp., job-listings site Glassdoor and United Airlines...

As a landlord, business owner, son of an economist, NYGovCuomo has doomed NY. He extended New York’s eviction moratorium by two months, until August. If tenants aren’t paying, how will landlords pay their mortgages, taxes, insurances, water bills; With blood? NYSDOS

USA is consumerist Society where people buy many non-essential expensive ‘stuff’. One good thing for families in 2-month lockdown and not buying these things, could be a change of shopping habits toward being more careful with their money and toward saving more

Why isn't there a moritorium on all loans, bills & mortgages?

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This is just the casinos responding to Nevada’s Governor saying they are still locked down. For a state that lives and breaths on tourism and gaming, he is one stupid democrat. But I repeat myself.

Searches for traction? What - Tell the states Govenors to open the economy up. Then traction will be found - WSJ, you are really terrible in coverage and conveyance. Who's side are you on, USA or not ?

Working from home for some and online shopping using the robot is the way of the future many jobs will go in western society.

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Magic Leap planned lighter headset, new AR glasses before layoffs - Business InsiderBefore layoffs, Magic Leap was working on a smaller, lighter headset that improves on the original's biggest downside — with a more radical design to follow Is that Juicy? A giant VC money black hole
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Jobs report expected to show biggest labor market shock in U.S. historyAnalysts say steep jump in unemployment and layoffs will be hard to reverse quickly. No way. Are we sure? Gee, ya think? How's General Flynn's exoneration going? What will be the impact for the crew that tried to take him out, or is it going to be the boring same old doom and gloom narrative until the election?
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A guide for everything you need to know if you've been laid off - Business InsiderIf you recently lost your job or fear it may happen soon, there are steps you can take to make sure you find a new role in no time. Understand first & foremost that your job loss was a direct result of Big Gov’t policy ~
Source: BusinessInsider - 🏆 729. / 51 Read more »