Layoffs

More Layoffs Announced At REI

More Layoffs Announced At REI
More Layoffs Announced At REI
July 14, 2020  |  Retail

Less than 90 days after REI, the outdoor recreation retailer, cut 25 percent of its workforce at its Kent, Washington headquarters, hundreds more workers will...

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Today In Payments: Tech Startups Laid Off 70K Since March; Quicken Loans Parent Files IPO
Today In Payments: Tech Startups Laid Off 70K Since March; Quicken Loans Parent Files IPO
July 08, 2020  |  News

In today’s top news, tech startups have laid off nearly 70,000 employees in the last four months, and Rocket Companies, parent of Quicken Loans, filed...

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Tech Startups Laid Off 70K Since March
Tech Startups Laid Off 70K Since March
July 08, 2020  |  Startups

No sector of the U.S economy has been spared from the economic fallout of COVID-19. Get the Full Story Complete the form to unlock this...

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The One Employment Stat That Could Threaten The Recovery
The One Employment Stat That Could Threaten The Recovery
July 02, 2020  |  Economy

Many Americans have seen their household incomes become one of COVID-19’s many casualties, as the U.S. unemployment rate has skyrocketed and millions of workers who...

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Nike Says Upcoming Job Cuts Are Not Due To Pandemic
Nike Says Upcoming Job Cuts Are Not Due To Pandemic
June 29, 2020  |  Retail

In an email on Thursday (June 25), Nike CEO John Donahoe said the current financial crisis will likely see the athletics retailer cutting jobs after...

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Some PPP Borrowers Foresee Layoffs When PPP Money Runs Out
Some PPP Borrowers Foresee Layoffs When PPP Money Runs Out
June 23, 2020  |  Loans

After using their Paycheck Protection Program (PPP) loans, 14 percent of borrowers foresee needing to lay off staffers, per a survey from the NFIB Research Center. Half...

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We.Trade Cuts Half Of Workforce After Funding Disappointments
We.Trade Cuts Half Of Workforce After Funding Disappointments
June 18, 2020  |  B2B Payments

Blockchain-based we.trade, which works in open trading, has cut around half of its workforce after it was unable to secure sufficient funding, Global Trade Review...

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Today In Payments: Walmart Acquires CareZone; Ride-Hailing Firm Grab Cuts Staff
Today In Payments: Walmart Acquires CareZone; Ride-Hailing Firm Grab Cuts Staff
June 16, 2020  |  News

In today’s top news, Walmart acquired health services tech startup CareZone for $200 million, and Grab will lay off more than 300 employees. Plus, WhatsApp...

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Ride-Hailing Firm Grab Reportedly Cuts More Than 300 Jobs 
Ride-Hailing Firm Grab Reportedly Cuts More Than 300 Jobs 
June 16, 2020  |  Ridesharing

Grab, the $14 billion Southeast Asian ride-hailing startup, announced hundreds of job losses on Tuesday (June 16) as the impact of COVID-19 continues to take...

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