GM self-driving unit Cruise cuts jobs as pandemic hits sector

Cruise Cruise is laying o.....»»

Airbnb Inc is laying off 25% of its workforce, or nearly 1,300 employees, the home rental startup said on Tuesday, as the COVID-19 pandemic brings global travel to a near standstill......»»

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.....»»

The ongoing U.S. travel crisis is causing thousands of job cuts as the aviation sector waits for passengers to return to the skies but braces for years of lower demand because of the coronavirus pandemic......»»

Layoffs at the car-sharing startup come as no surprise as the travel industry undergoes massive turbuence amid the COVID-19 pandemic......»»

US Services Sector Slump Hits 3-Year Lows, Worst Jobs Cuts Since 2009 US Manufacturing surveys (PMI and ISM) both agreed that October saw a modest rebound (despite ISM still in contraction) and analysts expected Services survey.....»»

Months after voluntarily shutting down operations across the country, Cruise LLC is bringing supervised autonomous driving back to Phoenix streets......»»

Detroit-based automaker General Motors on Tuesday detailed its plans for the relaunch of its autonomous driving unit Cruise, months after it paused operations owing to the involvement of one of its robotaxis in an accident in San Francisco. read more.....»»

Stock benchmarks climb on Monday, as U.S. investors saw another round of good economic news from the services sector, adding to the array of improving economic indicators including a stellar March jobs report from last Friday......»»

The labor market’s recovery from the damage caused by the COVID-19 pandemic gained further momentum in March as states continued to ease restrictions, boosting hiring in leisure and hospitality......»»

Public sector borrowing hit a new high in February, with the U.K. government borrowing £19.1 billion ($26.6 billion) last month, as spending on measures amid the COVID-19 pandemic continued while tax receipts fell......»»

Disruption in the auto sector remains an investment theme for Baron, as evidenced by new investments the fund manager has made over the past year. CNBC TV A fund managed by billionaire investor Ron Baron trimm.....»»

The selloff in tech stocks hit the London market on Tuesday, with the sector dragging down the U.K.’s benchmark index as investors exit companies that have been among the biggest winners through the COVID-19 pandemic......»»

Allstate is reducing auto insurance rates to all Illinois policyholders by an average of 5% as driving remains down almost a year into the COVID-19 pandemic, according to filings w.....»»

Restaurants lost 372,000 jobs last month, the Bureau of Labor Statistics said......»»

Waymo, the autonomous driving unit of Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), announced Tuesday that it has raised a read more.....»»

European travel company TUI on Wednesday said it needs to reduce its fixed cost base by 30% and cut thousands of jobs as it looks to stay aloft in a market weakened by the coronavirus pandemic......»»

The trains are still rolling in La Mirada. While the fallout of the coronavirus pandemic has hit the transportation industry hard, the rail freight sector is f.....»»

The trains are still rolling in La Mirada. While the fallout of the coronavirus pandemic has hit the transportation industry hard, the rail freight sector is f.....»»

Analysts say steep jump in unemployment and layoffs caused by the pandemic will be hard to reverse quickly. Analysts say steep jump in unemployment and layoffs caused by the pandemic will be hard to reverse quickly......»»