Big banks reassure staff about potential job cuts
Big banks are postponing decisions about staff cuts as the coronavirus hits their businesses hard, with executives saying they are unsure how long the outbreak will hurt the economy and worried about being unprepared if business suddenly snaps back......»»
GM self-driving unit Cruise cuts jobs as pandemic hits sector
General Motors Co's self-driving car unit Cruise told staff on Thursday it has decided to lay off workers, the latest start-up in the nascent industry to cut jobs during the coronavirus pandemic......»»
Big bounce in Wells Fargo’s stock helps financials snap losing streak
Financial stocks pulled a sharp V-like turn into positive territory Thursday, sparked by a big bounce in Wells Fargo & Co.’s stock off an 11-year low, as concerns over a more downbeat economic outlook and potential forced dividend cuts were put on hold......»»
Here are the latest Central Ohio employers to announce job cuts amid the coronavirus pandemic
A bankrupt retailer is shuttering a distribution center for good and an auto auction is furloughing staff potentially for months, two of the latest examples of the coronavirus pandemic's impact on Ohio's economy......»»
Banks are offering mortgage forbearance due to COVID-19, but customers who take it might struggle to get a home loan later on
Joe Raedle/Staff/Getty Images As millions .....»»
2 McDonald"s employees were reportedly shot in Oklahoma City after informing two customers the dining room was closed due to COVID-19
Tim Boyle/Staff/Getty Images Two McDonald's employees were shot in Oklahoma City after some potential customers reportedly became angry that they could not eat inside, KWTV, the local CBS affiliate, reported Wednesday night. A third emp.....»»
Airbnb is cutting 25% of staff — 1,900 jobs — after its business has been slammed by the coronavirus crisis
Mike Segar/Reuters Airbnb announced Tuesday it's cutting 25% of its staff, or about 1,900 jobs. The cuts are meant to refocus the company on its core business of home sharing; the company plans to pause or cut back other e.....»»
Banks baffle investors as art meets science in accounting rule
Like the myriad approaches governments are taking to tackle the coronavirus crisis, the way the world's top banks are calculating their potential losses also differs widely, with puzzling outcomes for investors......»»
Christopher & Banks plans phased store reopening
Christopher & Banks Corp. plans on reopening a small number of stores on Monday. The Plymouth-based women's apparel retailer announced Friday the stores would open in select markets with reduced hours and minimal staff to observe traffic and demand t.....»»
Baptist and Regional One cut exec pay, take other steps to avoid furloughs
In the coming weeks, the financial condition of local health care systems may improve with the expected return of elective surgeries. This week, however, furloughs, reduced staff hours, and executive pay cuts showed the strain the loss of revenue from.....»»
Ryanair in advanced talks over possible new Boeing order
Ryanair is in advanced talks about a potential new plane order with Boeing, but possible price cuts or cancellations of its existing 737 MAX order are also part of the discussions, chief executive Michael O'Leary said on Friday......»»
Boeing cuts staff and production
Boeing said Wednesday it.....»»
Lyft cuts 17% of staff to reduce costs amid COVID-19 pandemic
See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»
Large companies" staff cuts add up to 28,000 in Florida, with almost 1,100 in Jacksonville, since March
More than 28,000 Floridians employed at large companies have lost their jobs since March, including more than 1,000 in Jacksonville......»»
Coronavirus update: Stanford Health cuts wages 20% | Stay-home orders likely to be extended | Longtime restaurant closes
Even as the coronavirus outbreak strains many parts of the U.S. healthcare system, Stanford Health Care is making across-the-board employee pay cuts and furloughs, Palo Alto Weekly reports, citing a letter sent to staff by the organization's president and.....»»
Airbus warns staff on jobs with its "survival at stake"
European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis, telling the company’s 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action......»»
Airbus warns staff on jobs with its "survival at stake"
European planemaker Airbus issued a bleak assessment of the impact of the coronavirus crisis, telling the company's 135,000 employees to brace for potentially deeper job cuts and warning its survival is at stake without immediate action......»»
Airbus survival at stake without immediate action: CEO memo
Airbus Chief Executive Guillaume Faury has told the European planemaker's 135,000 staff to brace for potentially deeper job cuts after warning its survival is at stake without immediate action to save cash amid the coronavirus crisis......»»
Beasley Media, operator of local radio stations, cuts 70 employees in St. Pete
The owner of radio broadcasting stations Beasley Media Group Inc. has permanently cut staff in St. Petersburg. Naples, Florida-based Beasley (NASDAQ: BBGI), which owns 64 stations in 15 markets, gave notice to the state that on April 1 it had lai.....»»
Home improvement unicorn Houzz lets go 155, cuts executive pay
Houzz Inc. on Tuesday said business lost during the Covid-19 pandemic has forced it to cut its staff and executive pay. The Palo Alto-based online home improvement company said that it is slashing 155 jobs, about 10% of its workforce. “Due to t.....»»
Palo Alto home improvement unicorn lets go 155, cuts executive pay
Houzz Inc. on Tuesday said business lost during the Covid-19 pandemic has forced it to cut its staff and executive pay. The Palo Alto-based online home improvement company said that it is slashing 155 jobs, about 10% of its workforce. “Due to t.....»»