Layoffs

The One Employment Stat That Could Threaten The Recovery

The One Employment Stat That Could Threaten The Recovery
The One Employment Stat That Could Threaten The Recovery
July 02, 2020  |  Economy

Many Americans have seen their household incomes become one of COVID-19’s many casualties, as the U.S. unemployment rate has skyrocketed and millions of workers who...

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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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