Latest Layoffs News

FILE - In this June 11, 2020, file photo, information signs are displayed at the closed Illinois Department of Employment Security WorkNet center in Arlington Heights, Ill. U.S. employers advertised for slightly fewer jobs in August while their hiring ticked up modestly. The Labor Department said Tuesday, Oct. 6, 2020, that the number of U.S. job postings on the last day of August dipped to 6.49 million, down from 6.70 million July. (AP Photo/Nam Y. Huh, File)

US jobless claims drop to 787,000, but layoffs remain high

Oct. 22, 2020 12:40 PM EDT

WASHINGTON (AP) — The number of laid-off Americans seeking unemployment benefits fell last week to 787,000, a sign that job losses may have eased slightly but are still running at historically high levels. Last week's figure was down from 842,000 the previous week, the Labor Department said Thursday. The...

FILE - In this March 6, 2020, file photo, Cathay Pacific Airways aircrafts line up on the tarmac at the Hong Kong International Airport. Hong Kong airline Cathay Pacific Airways on Wednesday, Oct. 21, 2020, said it would cut 8,500 jobs and shut down its regional airline unit in a corporate restructuring, as it grapples with the plunge in air travel due to the pandemic. (AP Photo/Kin Cheung)

Cathay Pacific cuts 8,500 jobs, shutters regional airline

Oct. 21, 2020 3:47 AM EDT

HONG KONG (AP) — Hong Kong airline Cathay Pacific Airways said Wednesday it would cut 8,500 jobs and shut a regional airline as it grapples with the plunge in air travel due to the pandemic. About 5,300 employees based in Hong Kong and another 600 elsewhere will likely lose their jobs, and 2,600 unfilled...

Military personnel enter the Sudima Hotel in Christchurch, New Zealand, Tuesday, Oct. 20, 2020. A number of fishing crew who flew into New Zealand on chartered planes have the coronavirus. The crew members have been in quarantine at the Christchurch hotel since they arrived, and tested positive during routine testing, officials said. The news could deal a blow to New Zealand’s efforts to restart its fishing industry, which has struggled to find local workers to crew fishing vessels.  (AP Photo/Mark Baker)

The Latest: Imported workers test positive in New Zealand

Oct. 20, 2020 10:27 PM EDT

WELLINGTON, New Zealand — Eighteen fishing crewmen who last week flew to New Zealand from Moscow have tested positive for the coronavirus, underscoring the difficulty New Zealand faces in trying to import needed workers while remaining virtually virus free. A total of 235 crew from Russia and Ukraine were...

FILE - In this July 15, 2020, file photo, job seekers exercise social distancing as they wait to be called into the Heartland Workforce Solutions office in Omaha, Neb. For the first time in nearly 50 years, older workers are facing higher unemployment than midcareer workers, according to a study released Tuesday, Oct. 20, 2020, from the New School. (AP Photo/Nati Harnik, File)

Older workers face higher unemployment amid virus pandemic

Oct. 20, 2020 5:49 PM EDT

For the first time in nearly 50 years, older workers face higher unemployment than their midcareer counterparts, according to a study released Tuesday by the New School university in New York City. The pandemic has wreaked havoc on employment for people of all ages. But researchers found that during its course,...

FILE - In this Monday, Nov. 16, 2009 file photo, passenger planes of the Finnish national airline company Finnair stand on the tarmac at Helsinki international airport, Helsinki. Finnish carrier Finnair will start selling business class airplane food in supermarkets in a move to keep its catering staff employed and to offer a taste of the airline experience to those missing flying in the COVID-19 times. The state-controlled airline said that in a pilot scheme the handmade meals, called “Taste of Finnair

Finland's national carrier cuts over 10% of workforce

Oct. 20, 2020 10:02 AM EDT

HELSINKI, Finland (AP) — Finland's national carrier said Tuesday it will cut 700 jobs - over 10% of its workforce - by the end of March next year due to the impact of the COVID-19 pandemic on global travel. Finnair, which is heavily focused on flights from Europe to Asia, said that some 600 of the...

FILE - In this June 10, 2020 file photo, Transportation Security Administration agents process passengers at the south security checkpoint at Denver International Airport in Denver, as travelers deal with the effects of the new coronavirus. TSA, the government agency that oversees air travel, said the number of passengers screened for flights topped one million in a day on Sunday, Oct. 18 for the first time since the coronavirus pandemic outbreak last March.  (AP Photo/David Zalubowski, File)

Pandemic air travel milestone; 1 million passengers screened

Oct. 19, 2020 11:44 AM EDT

SILVER SPRING, Md. (AP) — The number of passengers screened in a single day for flights in the U.S. topped one million for the first time since COVID-19 infections began to spike last March. The notable milestone, reached Sunday, signifies both the progress made since the darkest days of pandemic for the...

FILE - In this June 11, 2020, file photo, information signs are displayed at the closed Illinois Department of Employment Security WorkNet center in Arlington Heights, Ill. U.S. employers advertised for slightly fewer jobs in August while their hiring ticked up modestly. The Labor Department said Tuesday, Oct. 6, 2020, that the number of U.S. job postings on the last day of August dipped to 6.49 million, down from 6.70 million July. (AP Photo/Nam Y. Huh, File)

US layoffs still high, but so is skepticism on jobless data

Oct. 8, 2020 2:31 PM EDT

WASHINGTON (AP) — The number of Americans seeking unemployment benefits dipped last week to a still-high 840,000, evidence that layoffs remain elevated seven months into the pandemic recession. Yet economists say they are increasingly dubious about the unemployment claims figures, even though there is...

A woman wearing a face mask as a precaution against the coronavirus, walks near the social distancing signs at a park in Seoul, South Korea, Tuesday, Oct. 6, 2020. (AP Photo/Lee Jin-man)

The Latest: Seoul region remains virus hot spot for S Korea

Oct. 7, 2020 10:34 PM EDT

SEOUL, South Korea — South Korea has 69 new confirmed coronavirus cases, most of them in the Seoul region area where health workers are struggling to track transmissions tied to hospitals, churches, schools and an army unit. The figures released by the Korea Disease Control and Prevention Agency on...

The Main Street Philharmonic marching band performs in the Magic Kingdom at Walt Disney World, in Lake Buena Vista, Fla., Wednesday, Sept. 30, 2020. The Walt Disney Co. announced Tuesday that it is planning to lay off 28,000 workers in its theme parks division in California and Florida. The company has been squeezed by limits on attendance at its parks and other restrictions due to the pandemic. (Joe Burbank/Orlando Sentinel via AP)

8,800 part-time workers in Florida part of Disney layoffs

Oct. 7, 2020 5:48 PM EDT

ORLANDO, Fla. (AP) — About 8,800 part-time union workers at Walt Disney World in Florida will be part of the 28,000 layoffs in Disney's parks division in California and Florida, union officials said Wednesday. The addition of the union workers to nearly 6,500 nonunion layoffs already announced brings the...

President Donald Trump stands on the balcony outside of the Blue Room as returns to the White House Monday, Oct. 5, 2020, in Washington, after leaving Walter Reed National Military Medical Center, in Bethesda, Md. A federal appeals court says Trump's accountant must turn over his tax records to a New York state prosecutor. The 2nd U.S. Circuit Court of Appeals in Manhattan ruled Wednesday, Oct. 7. (AP Photo/Alex Brandon)

Bleak outlook without stimulus: More layoffs, anemic growth

Oct. 7, 2020 5:32 PM EDT

WASHINGTON (AP) — President Donald Trump's move Tuesday to cut off talks on another government aid package will further weaken an economy straining to recover from an epic collapse, economists say, and deepen the hardships for jobless Americans and struggling businesses. Half of all small businesses expect...