CNN on Wednesday informed employees that layoffs had commenced, a move that is expected to impact hundreds of staffers at the global news network and mark the deepest cuts to the organization in years.
(CNN) — It’s a hallmark sign of this strange pandemic labor market: America had a record 10.1 million jobs available in June, as businesses struggled to hire enough staff to support the full reopening of the economy. That mismatch between worker demand and supply has been a defining characteristic of the pandemic recovery. Hiring is rampant across industries, […]
ANAHEIM (CNS) – First, the COVID-19 pandemic forced the closure of the Disneyland Resort. Thursday, it prompted the elimination of a theme park favorite — the Disneyland annual pass. “We want to thank our annual passholders for their understanding during this closure period,” Disneyland Resort President Ken Potrock said in a statement. “Due to the […]
ANAHEIM (CNS) – With Disneyland and California Adventure still shuttered due to the coronavirus pandemic, Disney announced Monday that an undisclosed number of employees at the Anaheim resort will be furloughed. Disneyland President Ken Potrock broke the news Monday in a letter to workers, saying the furloughs will affect “executive, salaried and hourly cast.” “As […]
Disney is laying off 28,000 US employees at its theme parks as the coronavirus pandemic hammers its theme park business. The layoffs will hit the company’s Parks, Experiences and Products, the company said on Tuesday. Disney added that 67% of the employees laid off will be part-time workers. The-CNN-Wire
Bed Bath & Beyond is eliminating 2,800 jobs effective immediately, as the troubled retailer tries to streamline its operations and shore up its finances amid the pandemic. The significant reduction of corporate employees and retail workers will help Bed Bath & Beyond save $150 million in annual pretax cost savings, the company said Tuesday. As of […]
United Airlines lost $1.6 billion last quarter — a three-month outcome that was slightly better than analysts’ dire expectations. Still, the company’s revenue was down nearly 90% compared with what it was bringing in a year ago. It’s just the latest evidence that the air travel industry is facing a devastating financial outlook with no […]
United Airlines and the union representing its 13,000 pilots have reached an agreement that could avoid involuntary job cuts for the group, according to the union. United warned 2,250 pilots earlier this month they are at risk of being furloughed when the federal bailout money available to airlines under the CARES Act runs out on September […]
