layoffs

I don’t know whether Henrik Lundqvist can reclaim the No. 1 job in nets from Igor Shesterkin when (and if) the Rangers reconvene at some point late next month or in early July. But I do know that David Quinn and the coaching staff would be making a mistake if they enter camp with minds …

Amtrak plans to slash up to 20 percent of its workforce as the coronavirus pandemic devastates its ridership and revenue, reports say. The beleaguered national railroad with more than 18,000 employees will make the cuts by October despite receiving a $1 billion federal bailout under the CARES Act stimulus bill, according to The Wall Street …

The NHL’s return-to-play format is officially set. Whether the 24 teams involved get to use it depends on how the next steps unfold. Commissioner Gary Bettman announced Tuesday that the NHL’s regular season is officially over and, if and when play resumes, it will be in a 24-team playoff in two hub cities, with dates …

Best Buy said on Thursday it expects profit margins to be under pressure in the second quarter, as it spends more on expanding delivery services to support a surge in online shopping from people staying at home due to the COVID-19 pandemic. The company’s shares, which have gained nearly 60 percent in the last two …

Should the NHL’s proposed 24-team, conference-based playoff format come to fruition, the New York Rangers would face the Carolina Hurricanes in a best-of-five play-in series to restart the 2019-20 season. The rearranged playoffs would be conference-based and remain bracketed, replacing the wild-card format the league has followed since 2013. The top four seeds in each …

Subway slashed 150 jobs this week — the latest in a series of cutbacks at the struggling sandwich chain that kicked off before the coronavirus crushed restaurant sales nationwide. The latest cutbacks add to the 300 people Subway laid off in February amid record store closures that have plagued the company for years. In total, …

Vice Media said Friday it is slashing more jobs as the coronavirus continues to slam ad revenue at its web operations. The gonzo news gatherer is facing “business challenges,” Chief Executive Nancy Dubuc said in a Friday memo, confirming that the Brooklyn-based company is eliminating 55 positions in the US and 100 jobs internationally, primarily …

Uber CEO Dara Khosrowshahi reportedly vetoed a request from the ride-hailing giant’s top executives to cut their own salaries in order to avoid laying off rank-and-file workers, paving the way for thousands of pink slips. A number of the ride-hail giant’s engineering leaders last month told Khosrowshahi that they and other managers were willing to …

European travel giant Tui plans to slash up to 8,000 jobs as the coronavirus crisis forces it to cut costs. That number includes positions that “will either not be recruited or reduced” under a plan to trim overhead costs by 30 percent, the Germany-based conglomerate said Wednesday. The company with more than 70,000 employees around …

The Knicks could break their six-season playoff drought after all in a post-coronavirus restart scenario — but it would come with an asterisk. According to a source, one of the many plans of an NBA restart is having additional teams not mathematically eliminated from the playoffs stage a short play-in tournament in July to advance …