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Macy’s to Cut 3,900 Jobs

Macy’s is eliminating about a quarter of its corporate workforce, slashing 3,900 white-collar jobs in a sweeping effort to cut costs during the coronavirus pandemic. The layoffs announced Thursday come just months after the beleaguered […]

By |2020-06-26T09:56:14-04:00June 26th, 2020|Articles|Comments Off on Macy’s to Cut 3,900 Jobs

Boeing’s Massive Layoff Plan

Boeing told employees Wednesday that almost 7,000 of them will receive layoff notices this week. With more than 5,500 voluntary buyouts added in, the company will slash almost 12,300 U.S. jobs in this first batch […]

By |2020-05-28T11:08:29-04:00May 28th, 2020|Articles|Comments Off on Boeing’s Massive Layoff Plan

MGM Resorts Warns of Layoffs

The furloughs of almost 63,000 MGM Resorts International employees soon could turn into layoffs. A legal notice sent to many employees Tuesday, obtained by the Review-Journal, is another indication that Las Vegas resort operators are […]

By |2020-05-07T10:01:18-04:00May 7th, 2020|Articles|Comments Off on MGM Resorts Warns of Layoffs

Airbnb to Cut 25% of Workforce

Airbnb Inc. said it is slashing 1,900 jobs, or a quarter of its workforce, and cutting investments in noncore operations, as the home-sharing giant predicted the coronavirus pandemic would change its business even after more […]

By |2020-05-06T11:48:12-04:00May 6th, 2020|Articles|Comments Off on Airbnb to Cut 25% of Workforce

Shake Shack to Return Loan

Growing Backlash

Shake Shack plans to return a $10 million loan it received under an emergency small business rescue program, amid a growing backlash against big businesses that got the money before $350 billion in funding lapsed last week. The burger chain was just one of several large restaurant operators and publicly traded companies that secured tens of millions of dollars in "Paycheck Protection Program" loans...

By |2020-04-21T11:21:45-04:00April 21st, 2020|Articles|Comments Off on Shake Shack to Return Loan