Layoffs

Airbnb Says 2020 Revenue Will Be Halved

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...

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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...

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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....

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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...

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TripAdvisor Cuts 900 Staff As COVID-19 Decimates Travel
TripAdvisor Cuts 900 Staff As COVID-19 Decimates Travel
April 28, 2020  |  Economy

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...

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Uber Considers Cutting 20 Pct Of Workers
Uber Considers Cutting 20 Pct Of Workers
April 28, 2020  |  Economy

With the ongoing coronavirus pandemic still keeping people at home, Uber could be in dire straits, facing potentially laying off 20 percent of its workforce,...

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Accenture, Verizon Effort Seeks To Connect Jobless Workers, Hiring Companies
Accenture, Verizon Effort Seeks To Connect Jobless Workers, Hiring Companies
April 15, 2020  |  Economy

The number of layoffs in the U.S. has skyrocketed as the COVID-19 crisis ravages the economy. At the same time, other companies, such as online...

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Best Buy To Put Approximately 51K Staffers On Temporary Leave
Best Buy To Put Approximately 51K Staffers On Temporary Leave
April 15, 2020  |  Retail

Amid the coronavirus crisis, Best Buy will put roughly 51,000 domestic hourly store staffers, with the inclusion of almost all part-time employees, on temporary leave...

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