unemployment coronavirus

The spread of the coronavirus is projected to impact millions of jobs worldwide.
In just 19 weeks, nearly 54 million Americans have filed for unemployment insurance — that’s more than the number of claims filed during the Great Recession.
The travel and hospitality industries have taken a significant hit. In addition to several airlines, major businesses such as ride-share company Uber and hotel giants Hilton and Marriott have announced furloughs.
Here’s a roundup of the major companies who have announced downsizing their workforce due to the coronavirus thus far.
Visit Business Insider’s homepage for more stories.

This is a developing story. Check back for updates.

SEE ALSO: 14 major companies that have announced employees can work remotely long term

Spirit Airlines is preparing to furlough 20-30% of its workforce, according to a July 28 internal memo. Those at risk include pilots and flight attendants.

Source: Reuters

L Brands, the parent company of Victoria’s Secret and Bath & Body Works, said it would lay off 15% of its workforce on July 28. The job cuts impact 850 people at the company’s Columbus, Ohio, headquarters.

Source: Business Insider

Creative Artists Agency, a major Los Angeles talent firm, announced layoffs on July 28. It will layoff 90 agents and furlough 275 assistants — or nearly 20% of its workforce.

Source: Los Angeles Times, Billboard

Oilfield services company Schlumberger said it is cutting roughly 21,000 jobs on July 24. It also reported second-quarter losses of $3.4 billion.

Source: Wall Street Journal

Daimler, the company that owns Mercedes-Benz, may cut 30% of its global workforce, Manager Magazine reported on July 22.

Source: Manager Magazine, TeleTrader

Tailored Brands, the parent company behind Men’s Wearhouse and Jos. A. Bank, said it expects to layoff 20% of its workforce and shutter 500 stores on July 21.

Source: Business Insider

LinkedIn said …read more

Source:: Business Insider


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