C-suite staff at Valley luxury travel, events company take pay cuts; employees furloughed

The RealReal, the San Francisco luxury consignment brand, is laying off or furloughing about one quarter of its employees and anticipates a first quarter loss, the company disclosed Tuesday. The company permanently reduced employee headcount by a.....»»

Companies have continued to cut jobs in 2024 after a wave of layoffs last year. Amazon, IBM, Google, UPS and Tesla are among those shedding staff. Elon Musk informed Tesla employees that the company would be making cuts overni.....»»

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......»»

Best Buy Co. Inc. is furloughing 51,000 retail employees, amounting to nearly all of its part-time store employees beginning Saturday, the company announced Wednesday. The Richfield, Minn.-based company's year-over-year sales plummeted by 30% beginnin.....»»

Rent-A-Center Inc. has taken several measures in response to the impact of the COVID-19 pandemic including executive pay cuts, furloughed employees and reduced store hours.  The Plano-based lease-to-own company has taken several steps to reduce its op.....»»

SeaWorld Entertainment Inc. late Friday said it has temporarily furloughed more than 90% of its employees as of April 1 because of the coronavirus pandemic. In an 8-K filing, the company said furloughed employees will not .....»»

TripActions Inc. on Tuesday made a deep cut in staff after the coronavirus pandemic sharply curtailed its corporate travel business. The Wall Street Journal cited an unnamed source who said the move involved hundreds and cut the Palo Alto company's wo.....»»

International grains trader and processor Cargill Inc has banned all non-essential travel for its employees for the next two weeks due to the coronavirus outbreak, company spokeswoman April Nelson told Reuters on Thursday......»»

Maker Media Inc., the San Francisco company behind the big annual DIY events in San Mateo and Make: magazine, this week let go its entire staff of 22 employees and suspended operations. Founder and CEO Dale Dougherty told the Business Journal on Saturda.....»»

Travel software company Wanderlust Society was launched in Seattle by ex-Amazon employees, from left, Sean Vegeler, Jeff Topham, Andrej Gregov and Jana Kleitsch.Photo provided by the Wanderlust.....»»

OpenAI has decided not to enforce non-disparagement agreements or cancel vested equity for former employees who speak out about the company. read more.....»»

Good morning, Bay Area. California’s Supreme Court heard oral arguments on Tuesday over the constitutionality of Prop. 22, a 2020 initiative passed by voters that classifies Uber and Lyft drivers as independent contractors rather than employees. .....»»

Disney's Pixar Animation Studios has laid off 175 employees, 14% of its workforce, as it shifts focus to streaming and upcoming film releases. read more.....»»

Google's layoffs have affected thousands of employees. The tech co.....»»

Elon Musk continues to cut deeper at Tesla. Workers posted about the latest wave on social media. Tesla CEO Elon Musk told staff Tesla would cut more than 10% of its workforce.Nathan Howard and Justin Sullivan via Getty ImagesTesla sent out another.....»»

Otter has $80 million in annual recurring revenue and .....»»

Fisker staff have been taking parts off pre-production vehicles and inventory to fix some customers' cars, seve.....»»

Fisker told employees they could be laid off from the company effective June 28. Getty/Jeff FuscoFisker warned staff of potential layoffs in two months, accordi.....»»

Amidst layoffs, Spotify remains committed to extravagant events, sparking debate about the company's spending habits and marketing priorities. (L to R) will.i.am, Florence Welch, Daniel Ek, Spotify CEO, and Jack Harlow attend an evening of.....»»

The company said it expects layoffs to impact a small percentage of employees and won't involve cuts from individual stores or distribution centers. Alex Tai/SOPA Images/LightRocket via Getty Images Whole Foods is layin.....»»