Furloughs news and trends

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

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 be laid off nationwide amid the pandemic, SeattlePI reported. Get the Full Story Complete the form to unlock this article...

Lyft Lays Off 982 Employees, Furloughs 288, Cuts Exec Pay
Ridesharing // April 29, 2020

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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Deliveroo To Lay Off 15 Pct Of Staff Amid COVID-19
Gig Economy // April 29, 2020

Deliveroo announced it was laying off 367 employees and furloughing 50 — roughly 15 percent of its staff of over 2,500 — as it battles falling demand and revenue during the coronavirus pandemic, according to several reports on Tuesday (April 28). Get the Full Story...

TripAdvisor Cuts 900 Staff As COVID-19 Decimates Travel
Coronavirus // April 28, 2020

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 by CNBC. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Quick Reads
US Companies Pivot From Resilency To Reinvention

July 19, 2020
Despite trimming jobs and minimizing operations as COVID-19 spread earlier this year, large U.S. companies now say that’s not enough. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this […]

More Layoffs Announced At REI

July 14, 2020
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 be laid off nationwide amid...

Lyft Lays Off 982 Employees, Furloughs 288, Cuts Exec Pay

April 29, 2020
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. Get the Full Story Complete...

Deliveroo To Lay Off 15 Pct Of Staff Amid COVID-19

April 29, 2020
Deliveroo announced it was laying off 367 employees and furloughing 50 — roughly 15 percent of its staff of over 2,500 — as it battles falling demand and revenue during...