Layoffs

Optimism Remains Despite Record Jobless Numbers

Optimism Remains Despite Record Jobless Numbers
Optimism Remains Despite Record Jobless Numbers
May 08, 2020  |  Economy

Despite Friday’s (May 8) grim unemployment report, which revealed that the number of Americans who have lost their jobs has quadrupled since February, there is...

READ MORE >
Uber Gears Up For Earnings Report With Layoffs, Lime Investment
Uber Gears Up For Earnings Report With Layoffs, Lime Investment
May 07, 2020  |  Ridesharing

On the surface, it might look like Uber is heading off in two different directions as it readies for its earnings announcement slated for tonight...

READ MORE >
Uber Looks For New Roads To Revenue As Layoffs Hit
Uber Looks For New Roads To Revenue As Layoffs Hit
May 06, 2020  |  Ridesharing

Silicon Valley rideshare giant Uber is reducing its workforce by roughly 14 percent — about 3,700 people — as the coronavirus pandemic and stay-home mandates...

READ MORE >
Uber Slashes 14 Pct Of Workers As Rideshare Requests Plummet
Uber Slashes 14 Pct Of Workers As Rideshare Requests Plummet
May 06, 2020  |  Ridesharing

With social distancing still in effect to varying degrees nationwide, the ridesharing market has slowed virtually to a stop. Consumers staying home have very little...

READ MORE >
Airbnb Says 2020 Revenue Will Be Halved
Airbnb Says 2020 Revenue Will Be Halved
May 05, 2020  |  Retail

Despite an infusion of $2 billion from investors last month, Airbnb said the pandemic has forced the layoff of 1,900 employees, or 25 percent of...

READ MORE >
Uber Revs Up Restart, Will Require US Drivers And Riders To Cover Faces
Uber Revs Up Restart, Will Require US Drivers And Riders To Cover Faces
May 03, 2020  |  Ridesharing

Drivers for Uber will soon be required to wear masks in several countries, including the U.S., the company said. Get the Full Story Complete the...

READ MORE >
Lyft Lays Off 982 Employees, Furloughs 288, Cuts Exec Pay
Lyft Lays Off 982 Employees, Furloughs 288, Cuts Exec Pay
April 29, 2020  |  Ridesharing

Lyft, the San Francisco-based ridesharing company, has laid off 17 percent of its workforce and imposed salary reductions for executives for three months, CNBC reported....

READ MORE >
Deliveroo To Lay Off 15 Pct Of Staff Amid COVID-19
Deliveroo To Lay Off 15 Pct Of Staff Amid COVID-19
April 29, 2020  |  Gig Economy

Deliveroo announced it was laying off 367 employees and furloughing 50 — roughly 15 percent of its staff of over 2,500 — as it battles...

READ MORE >
TripAdvisor Cuts 900 Staff As COVID-19 Decimates Travel
TripAdvisor Cuts 900 Staff As COVID-19 Decimates Travel
April 28, 2020  |  Coronavirus

TripAdvisor is further cutting staff after already doing so earlier this year, with the coronavirus’s crippling blow crushing the travel business, according to a report...

READ MORE >