SEPTA expects to avoid layoffs, service cuts for now after $252M in Covid-19 relief funding

Layoffs, furloughs and other unpleasant cuts are on the way in D.C., Maryland and Virginia without a massive increase in federal coronavirus relief, according to some of the Washington region’s top budget minders. As the exact contours of the pa.....»»

Shares of Lyft Inc. jumped 4% Wednesday after the ride-hailing service announced deep cuts, including 982 layoffs a.....»»

Even before the COVID-19 pandemic, secular trends didn’t bode well for traditional media companies. Cord-cutting triggered a decline in subscriptions and a loss of ad dollars to streaming services. One analyst expects no relief from the pressure.....»»

Retirement accounts have taken a hit as the financial markets react to the Covid-19 pandemic. The good news is that there are some relief measures in the federal government’s aid package. The bad news is that experts recommend you avoid taking m.....»»

Members of the Oregon Legislature Emergency Board plan to meet Thursday to allocate more than $30 million in relief funding during the Covid-19 pandemic. The money will go toward workers and businesses affected by the economic shutdown and housing assi.....»»

State and local governments are warning of a wave of layoffs and pay cuts after getting left out of the federal coronavirus relief package expected to pass Congress this week......»»

State and local governments are warning of a wave of layoffs and pay cuts after getting left out of the federal coronavirus relief package expected to pass Congress this week......»»

Dayton International Airport is one of 10 local airports to receive a slice of $10 billion in relief funding from the federal government due to the Covid-19 pandemic......»»

From reality stars and Hollywood A-listers to sporting legends and tech billionaires, a litany of prominent people are delving deep into their pockets to donate millions to the coronavirus relief effort, funding food banks, medical research and more......»»

We are in a health crisis, which has turned into an economic and financial crisis. Many people and organizations are hurting, which has resulted in widespread government relief efforts. Stocks are crashing, e.....»»

MultiView – while making changes amid the challenges of COVID-19 – is weathering the storm by providing a service that’s inherently diverse, stretching from the harder-hit travel market to manufacturing and health care......»»

REUTERS/Manuel Silvestri Salary cuts — last seen during the global financial crisis in 2008 — are back as companies try to cut costs as the coronavirus pandemic drives an economic slowdown. While the move keeps workers .....»»

Furloughs, layoffs, reduced wages and commission cuts during the covid-19 crisis have left some unable to make their mortgage payments. There are plans in place from the government and lenders that can help homeowners......»»

Just more than $1 million has been awarded to 15 Triad nonprofits in the first announcement of grants from the COVID-19 Response Fund for Forsyth County. The grants will ensure rapid funding for nonprofit organizations meeting basic needs for residents.....»»

The COVID-19 Response Fund for Greater Dayton has awarded another round of grants, totaling to $500,000. Of the funding, 16 grants totaling to $129,800 were awarded to local nonprofits: 18th Parallel Relief received $2,500 to aid in providing fo.....»»

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As layoffs hit the startup scene, Silicon Valley Bank on March 30 said it will offer hundreds of millions of dollars in debt relief, as well as loans, to help its startup-heavy client base during the coronavirus crisis. The banking subsidiary of Sant.....»»

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

Layoffs. Pay cuts. Furloughs. Closed newspapers. Containing the COVID-19 coronavirus could spell disaster for an industry dependent on ads......»»