Latest Layoffs News
Financially struggling zoos could be latest pandemic victims
SAN FRANCISCO (AP) — Since the coronavirus pandemic began keeping visitors at home, the jaguars and chimpanzees at the Oakland Zoo have enjoyed the quiet, venturing out to areas of their exhibits they usually avoid. The bears and petting pigs miss the children, though, and are seeking more attention from...
GOP senators support more money for airlines to pay workers
A group of 16 Republican senators has endorsed giving more money to airlines to avoid layoffs right before the November election, giving a boost to a lobbying effort by airlines and their unions. The GOP senators did not specify an amount on Wednesday, but a proposal by several airline unions would give the...
NYTimes wins new digital subscribers as ad revenue craters
The New York Times Co.'s digital transformation continued during the second quarter, with its online subscription and ad revenue now exceeding its print revenue, even as the economic aftershocks of the coronavirus pandemic slammed its ad sales. The company said it was its best quarter ever for new digital...
Gone for good? Evidence signals many jobs aren't coming back
WASHINGTON (AP) — Stark evidence of the damage the resurgent viral outbreak has caused the U.S. economy could come Friday when the government is expected to report that the pace of hiring has slowed significantly after a brief rebound in the spring. As the coronavirus continues to transform a vast swath of...
Arsenal to cut 55 jobs due to financial damage from pandemic
LONDON (AP) — Arsenal is cutting 55 jobs due to the financial damage caused by the coronavirus pandemic, which has seen fans shut out of stadiums. In a statement issued Wednesday, head of football Raul Sanllehi and managing director Vinai Venkatesham pointed to severe drops in broadcast revenue. They also...
American, pilots agree on steps aimed at reducing job cuts
American Airlines has reached a deal with its pilots’ union designed to reduce the number of job losses in October as the airline shrinks because fewer people are flying during the pandemic. American had previously offered early retirement to pilots and other employees. But, Senior Vice President Kimball...
NBCUniversal laying off workers amid pandemic pain
Comcast’s NBCUniversal is having company-wide layoffs, a spokeswoman confirmed. The layoffs affect less than 10% of the company's employees, according to the Wall Street Journal, which cited unidentified people familiar with the matter. NBCUniversal has 35,000 full-time employees. The coronavirus is...
Booking.com cuts workforce by thousands as travel atrophies
Booking.com is laying off a quarter of its workforce — more than 4,000 people — with the global pandemic snuffing out travel. Layoffs will begin next month and run through the end of the year, according to parent company Booking Holdings Inc. Booking Holdings, based in Norwalk, Connecticut, also...
Universal Orlando laying off undisclosed number of workers
ORLANDO, Fla. (AP) — Almost two months after reopening, Universal Orlando is laying off an undisclosed number of workers. Universal spokesman Tom Schroder said in an email Monday that the Florida theme park resort was reducing its workforce “to reflect current priorities and needs." Universal has...
Airlines, unions pin hopes for more payroll cash on politics
With tens of thousands of airline workers facing layoffs this fall, labor groups are pushing Congress for more federal money to keep them on the payroll until next spring. The unions have gained significant support among Democrats. They hope that the prospect of mass layoffs weeks before a pivotal election will...
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