Layoffs

Some PPP Borrowers Foresee Layoffs When PPP Money Runs Out
Some PPP Borrowers Foresee Layoffs When PPP Money Runs Out
June 23, 2020  |  Loans

After using their Paycheck Protection Program (PPP) loans, 14 percent of borrowers foresee needing to lay off staffers, per a survey from the NFIB Research Center. Half...

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We.Trade Cuts Half Of Workforce After Funding Disappointments
We.Trade Cuts Half Of Workforce After Funding Disappointments
June 18, 2020  |  B2B Payments

Blockchain-based we.trade, which works in open trading, has cut around half of its workforce after it was unable to secure sufficient funding, Global Trade Review...

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Today In Payments: Walmart Acquires CareZone; Ride-Hailing Firm Grab Cuts Staff
Today In Payments: Walmart Acquires CareZone; Ride-Hailing Firm Grab Cuts Staff
June 16, 2020  |  News

In today’s top news, Walmart acquired health services tech startup CareZone for $200 million, and Grab will lay off more than 300 employees. Plus, WhatsApp...

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Ride-Hailing Firm Grab Reportedly Cuts More Than 300 Jobs 
Ride-Hailing Firm Grab Reportedly Cuts More Than 300 Jobs 
June 16, 2020  |  Ridesharing

Grab, the $14 billion Southeast Asian ride-hailing startup, announced hundreds of job losses on Tuesday (June 16) as the impact of COVID-19 continues to take...

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US Hiring Hit Rock Bottom In April As Coronavirus Downturn Deepened, JOLTS Report Shows
US Hiring Hit Rock Bottom In April As Coronavirus Downturn Deepened, JOLTS Report Shows
June 09, 2020  |  Economy

New hiring fell to an all-time low in April as coronavirus lockdowns took a steep toll on economic activity across the United States, according to...

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WeWork Eyes Closing Doors On Its WeLive Shared-Housing Communities
WeWork Eyes Closing Doors On Its WeLive Shared-Housing Communities
June 09, 2020  |  Investments

WeWork is considering ending its plans for WeLive, its communal living program based in Crystal City near Washington D.C., Bloomberg reports from anonymous sources. Get...

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Debt Issuance And Layoffs Point To Headwinds For Labor Market?
Debt Issuance And Layoffs Point To Headwinds For Labor Market?
June 05, 2020  |  Economy

Issue debt, raise funds, lay off workers. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

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Monzo To Cut 120 Jobs Due To Pandemic Fallout
Monzo To Cut 120 Jobs Due To Pandemic Fallout
June 03, 2020  |  Banking

U.K. digital bank Monzo will cut 120 jobs due to the impact of the coronavirus, Reuters reports. Get the Full Story Complete the form to...

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Stitch Fix Announces Layoffs of 1,400 California Stylists
Stitch Fix Announces Layoffs of 1,400 California Stylists
June 02, 2020  |  Retail

As it looks to hire employees in lower-cost states, Stitch Fix Inc. told its approximately 1,400 California-based stylists that they would be laid off. Many...

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