Layoffs

Coronavirus: CVS Health Looks To Hire 50,000 Workers; H&M Mulls Temporary Layoffs

Coronavirus: CVS Health Looks To Hire 50,000 Workers; H&M Mulls Temporary Layoffs
Coronavirus: CVS Health Looks To Hire 50,000 Workers; H&M Mulls Temporary Layoffs
March 23, 2020  |  Economy

Retailers are adapting their operations and rolling out initiatives amid COVID-19, the disease caused by the coronavirus. Here are the latest updates from the retail...

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Coronavirus Triggers Job Losses, Reduced Hours
Coronavirus Triggers Job Losses, Reduced Hours
March 19, 2020  |  Economy

Millions of Americans are working from home or not working at all as businesses shutter or reduce hours in the wake of the coronavirus pandemic,...

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Coronavirus Triggers Furloughs At Marriotts Worldwide
Coronavirus Triggers Furloughs At Marriotts Worldwide
March 17, 2020  |  Economy

Worldwide furloughs are happening at Marriott International in response to the coronavirus pandemic and the resulting collapse of travel and tourism, according to reports on...

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WeWork Could Cut 1K Employees In New Wave Of Layoffs
WeWork Could Cut 1K Employees In New Wave Of Layoffs
March 13, 2020  |  Personnel

Embattled co-working company WeWork is facing another set of layoffs while trying to cut expenses and rebound from a tough period that saw a failed...

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OYO To Lay Off 5K Workers To Cut Costs
OYO To Lay Off 5K Workers To Cut Costs
March 04, 2020  |  Retail

As it pursues profitability and aims to reduce expenditures, economy hotel firm OYO is reducing its worldwide workforce by 5,000 individuals. The newest wave of...

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Virgin Money, Lloyds To Cut 1,200 Jobs
Virgin Money, Lloyds To Cut 1,200 Jobs
February 27, 2020  |  Personnel

Virgin Money is laying off a quarter of its branch network, shedding 500 jobs. Meanwhile, Lloyds Banking Group has announced plans to cut 780 more...

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Expedia To Cut 12 Pct. Of Staff
Expedia To Cut 12 Pct. Of Staff
February 25, 2020  |  Personnel

Travel site Expedia has announced that it will cut 3,000 workers in an attempt to streamline its “bloated” company after the exit of its CFO...

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HSBC Reorganization Slashes 35K Positions, $100B Assets
HSBC Reorganization Slashes 35K Positions, $100B Assets
February 18, 2020  |  Cross-border Payments

Europe’s biggest bank by assets, HSBC, is slashing 35,000 jobs and $100 billion in assets as it moves to streamline business functions in the U.S.,...

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