Coronavirus Lay Offs
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Tesla Braces for Q2 Earnings Hit as Analysts Expect 8 Percent Decline Over Previous Quarter
Tesla is expected to report a hit in earnings on Wednesday, after the strain of the ongoing coronavirus pandemic that led to lockdowns in China and protracted startups of new EV factories. The company has already begun laying off employees amid a fall in market value and rising competition from other electric vehicle manufacturers, and analysts say...
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Disney Increases Planned Layoffs To 32,000 As Coronavirus Hits Theme Parks
Walt Disney Co said on Wednesday it would lay off about 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September, as the company struggles with limited customers due to the coronavirus pandemic.
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Disney To Lay Off 28,000 US Employees Due To Coronavirus Pandemic
Disney announced Tuesday it will cut 28,000 jobs from its US parks and experiences division, pointing to depressed demand caused by the coronavirus and uncertainty on when it will recover.
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SoftBank Group Partners With Oyo In Latin America
Oyo has been forced to cut costs and rein in its expansionist strategy in global markets by reducing its hotel footprint and laying off employees.
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Swiggy Lays Off 350 More Employees Due to Slower Than Expected Business Recovery
These 350 impacted Swiggy employees will continue to avail health insurance benefits till December and an extra month of ex-gratia will also be offered for every year with the organisation.
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IndiGo To Lay Off 10% Staff. Read CEO Ronojoy Dutta's Full Statement Here
IndiGo will lay off 10 per cent of its staff, the airline said on Monday, saying that the coronavirus pandemic has forced it to re-evaluate its "best-laid plans".
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10% Layoffs At IndiGo, India's Biggest Private Airline
IndiGo will lay off 10 per cent of its staff as the coronavirus pandemic has forced it to re-evaluate its "best-laid plans", the airline's CEO Ronojoy Dutta, said on Monday. IndiGo had "understood the gravity of the situation right at the start of this crisis", he said, as the the country's largest carrier grapples with declining revenues due to th...
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United Airlines Says Could Lay Off As Many As 36,000 Staff Amid Coronavirus Crisis
United Airlines said Wednesday it will notify 36,000 frontline employees that they could be laid off on October 1 as US carriers fight for survival amid the coronavirus crisis.
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2022 FIFA World Cup Organisers To Lay Off Staff Due To Coronavirus Crisis: Report
The 2022 FIFA World Cup organisers did not confirm how many posts would be lost or what the projected savings would be.
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Harley-Davidson To Cut 140 Jobs In The US
With a decision to adjust production volumes, Harley-Davidson will cut 140 jobs across two manufacturing facilities in the US.
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KTM CEO Says Motorcycle Sales Going Up Due To Pandemic
KTM boss Stefan Pierer said in a recent interview that the global COVID-19 pandemic has actually increased motorcycle sales.
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US Tennis Association Cuts 110 Jobs Due To Coronavirus Crisis
The USTA said it was cutting the jobs in order to reduce overheads which have been strained by the COVID-19 crisis.
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MakeMyTrip Lays Off 350 Employees as Travel Sector Suffers Due To COVID-19 Crisis
Founder Deep Kalra and CEO Rajesh Magow sent out a letter to all MakeMyTrip employees informing them about the layoff. The letter was accessed by Gadgets 360, and the reason for this layoff has been attributed to the COVID-19 crisis, and its long-drawn impact on the travel industry.
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BookMyShow Lays Off, Furloughs 270 Employees as Lockdown Shuts Out-of-Home Entertainment
BookMyShow is laying off or putting on furlough about 270 employees in India and globally. With theatres and stadiums completely shut since the lockdown, the ticketing company has had to take the difficult decision of downsizing.
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Coronavirus Lockdown: Ola Lays Off 1,400 Employees
In a major downsizing operation approximately 25 per cent of total Ola workforce has been asked to leave.
-
Tesla Braces for Q2 Earnings Hit as Analysts Expect 8 Percent Decline Over Previous Quarter
Tesla is expected to report a hit in earnings on Wednesday, after the strain of the ongoing coronavirus pandemic that led to lockdowns in China and protracted startups of new EV factories. The company has already begun laying off employees amid a fall in market value and rising competition from other electric vehicle manufacturers, and analysts say...
-
Disney Increases Planned Layoffs To 32,000 As Coronavirus Hits Theme Parks
Walt Disney Co said on Wednesday it would lay off about 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September, as the company struggles with limited customers due to the coronavirus pandemic.
-
Disney To Lay Off 28,000 US Employees Due To Coronavirus Pandemic
Disney announced Tuesday it will cut 28,000 jobs from its US parks and experiences division, pointing to depressed demand caused by the coronavirus and uncertainty on when it will recover.
-
SoftBank Group Partners With Oyo In Latin America
Oyo has been forced to cut costs and rein in its expansionist strategy in global markets by reducing its hotel footprint and laying off employees.
-
Swiggy Lays Off 350 More Employees Due to Slower Than Expected Business Recovery
These 350 impacted Swiggy employees will continue to avail health insurance benefits till December and an extra month of ex-gratia will also be offered for every year with the organisation.
-
IndiGo To Lay Off 10% Staff. Read CEO Ronojoy Dutta's Full Statement Here
IndiGo will lay off 10 per cent of its staff, the airline said on Monday, saying that the coronavirus pandemic has forced it to re-evaluate its "best-laid plans".
-
10% Layoffs At IndiGo, India's Biggest Private Airline
IndiGo will lay off 10 per cent of its staff as the coronavirus pandemic has forced it to re-evaluate its "best-laid plans", the airline's CEO Ronojoy Dutta, said on Monday. IndiGo had "understood the gravity of the situation right at the start of this crisis", he said, as the the country's largest carrier grapples with declining revenues due to th...
-
United Airlines Says Could Lay Off As Many As 36,000 Staff Amid Coronavirus Crisis
United Airlines said Wednesday it will notify 36,000 frontline employees that they could be laid off on October 1 as US carriers fight for survival amid the coronavirus crisis.
-
2022 FIFA World Cup Organisers To Lay Off Staff Due To Coronavirus Crisis: Report
The 2022 FIFA World Cup organisers did not confirm how many posts would be lost or what the projected savings would be.
-
Harley-Davidson To Cut 140 Jobs In The US
With a decision to adjust production volumes, Harley-Davidson will cut 140 jobs across two manufacturing facilities in the US.
-
KTM CEO Says Motorcycle Sales Going Up Due To Pandemic
KTM boss Stefan Pierer said in a recent interview that the global COVID-19 pandemic has actually increased motorcycle sales.
-
US Tennis Association Cuts 110 Jobs Due To Coronavirus Crisis
The USTA said it was cutting the jobs in order to reduce overheads which have been strained by the COVID-19 crisis.
-
MakeMyTrip Lays Off 350 Employees as Travel Sector Suffers Due To COVID-19 Crisis
Founder Deep Kalra and CEO Rajesh Magow sent out a letter to all MakeMyTrip employees informing them about the layoff. The letter was accessed by Gadgets 360, and the reason for this layoff has been attributed to the COVID-19 crisis, and its long-drawn impact on the travel industry.
-
BookMyShow Lays Off, Furloughs 270 Employees as Lockdown Shuts Out-of-Home Entertainment
BookMyShow is laying off or putting on furlough about 270 employees in India and globally. With theatres and stadiums completely shut since the lockdown, the ticketing company has had to take the difficult decision of downsizing.
-
Coronavirus Lockdown: Ola Lays Off 1,400 Employees
In a major downsizing operation approximately 25 per cent of total Ola workforce has been asked to leave.
