Thousands of workers are poised to join the ranks of the unemployed, as the ongoing turmoil by the coronavirus epidemic prompted corporate America to unleash a pink slip this week – adding to the already staggering number of jobless people.
As Congress and the White House close on a deadlock over a fresh round of economic stimulus – including the unemployment bonus of unemployment 600, which is helping boost consumer spending – a series of big companies are moving to shave a series of headcuts.
Periods can rarely be bad, although the fate of financial growth is uncertain and millions of people are unemployed.
“We are in a situation where unemployment is rising significantly,” Mark Hamrick, a senior economic analyst at Bancrete.com, told Yahoo Finance on Thursday.
This is the list of companies that announced layoffs this week.
The soda giant announced its global dissolution program on 28 August Gust. The buyout package will be given to 4,000 workers in the US, Puerto Rico and Canada. Voluntary layoffs will affect employees who were taken on or before September 1, 2017. When workers initially choose to take a buyout package, involuntary layoffs can occur.
The driver delivers Coca-Cola products to stores in Boston, Massachusetts. (Photo: Reuters / Brian Schneider)
Doug Parker, CEO of American Airlines, sent a letter to employees on August 25, warning that about 19,000 workers would either be declared or laid off if another phase of the federal government’s economic relief was not implemented by then.
“It was believed that by September 30, the virus would be under control and demand for air travel would return. That is obviously not the case, “Parker wrote in a letter to workers.
He added that at the current level of demand, the United States now plans to fly less than 0% of our airlines in the fourth quarter, with long-term internationals, especially at the level of 2019-2019, reduced to only 5%.
United Airlines pilots are considering the biggest job cuts in the company’s history. The airline sent a memo to employees on August 27 informing them that about 3,000 pilots would be rounded up between October 1 and November 30, unless Congress provides a further 25 25 billion in financial relief, the amount the industry is currently requesting. .
Since the U.S. shut down the coronavirus in March, Salesforce CEO Mark Benifo has promised to protect employees from scattering from March 90, he said in a March 25 tweet.
Salesforce is promising its employee Ohana no significant take-off in the next 90 days. We will pay our hourly workers when the office fees are closed. We encourage our Ohana to pay their own personal hour workers such as housekeepers and dog workers.
– Mark Benioff (Benioff) March 25, 2020
Yet on 26 August Gust, Salesforce began informing employees that their jobs would be cut until they succeeded in finding a new position in the company within 60 days. The actual number of layoffs may be lower if employees get a second position within the ranks of the enterprise software giant, even though about 1000 jobs are on the line.
In an interview with Yahoo Finance this week, Benifo lamented the decline, but added that it was “part of running our business successfully. And it affects employees at different times.”
Bed Bath & Beyond cut 2,800 jobs on August 26th. The retailer plans to close about 200 stores permanently over the next two years.
A day after The Mirage reopened in Las Vegas, MGM Resorts International announced that it would send letters to 18,000 duty employees informing them of their departure from the company.
