• Hyatt Hotels announces 1,300 layoffs worldwide

    Hyatt Hotels announces 1,300 layoffs worldwide

    Hyatt Hotels said late Monday it would lay off 1,300 people globally as it tries to cope with the coronavirus crisis, which has virtually halted global travel by keeping people indoors. Hyatt said it had also cut pay for senior management, board members and all employees in corporate offices as part of a restructuring, adding …
  • Ari Emanuel’s Hollywood talent agency WME to cut 300 jobs

    Ari Emanuel’s Hollywood talent agency WME to cut 300 jobs

    The bad news keeps on coming at WME, Ari Emanuel’s glitzy Hollywood talent agency. Formerly known as William Morris Endeavor, the agency that represents stars like Dwayne “The Rock” Johnson, Rihanna, Matt Damon and Christian Bale will slash about 300 jobs, or 20 percent of its workforce, the company said late Thursday. The job cuts, …
  • MLB ramping up plans for best-case July start to season

    MLB ramping up plans for best-case July start to season

    By the beginning of next week at the latest — perhaps even before this week is concluded — MLB is planning to present to the Players Association a proposal that will include what is currently the most optimistic hope: What would a season look like if spring training 2.0 began in June and the regular …
  • Uber lays off 3,700 employees as coronavirus ravages business

    Uber lays off 3,700 employees as coronavirus ravages business

    Uber said Wednesday it will shed nearly 15 percent of its workforce as the coronavirus pandemic ravages its business. The cuts will see the struggling ride-hail giant lay off 3,700 of its nearly 27,000 employees and will cost the company $20 million in severance and other related termination benefits. The cuts will mainly hit its …
  • Airbnb reportedly laying off 25 percent of its workforce

    Airbnb reportedly laying off 25 percent of its workforce

    Airbnb is reportedly laying off nearly 2,000 employees due to the coronavirus pandemic — effectively slashing its headcount by 25 percent. The 1,900 workers axed by the home-sharing startup will receive a four-month pay package, as well as accelerated equity vesting and health insurance for a year, sources familiar with the matter told Reuters. CEO Brian …
  • United Airlines asks staff to consider ‘voluntary separation’ as layoffs loom

    United Airlines asks staff to consider ‘voluntary separation’ as layoffs loom

    United Airlines has reportedly asked employees to consider putting themselves on the chopping block as the coronavirus crisis forces the company to cut jobs. United chief operations officer Greg Hart urged some employees in a memo to consider leaving their gigs under a “voluntary separation” deal as the Chicago-based carrier prepares to “right size” its …
  • B&H Photo furloughs 400 workers after resisting cuts during Passover

    B&H Photo furloughs 400 workers after resisting cuts during Passover

    B&H Photo & Electronics furloughed hundreds of employees this week — a move the iconic retailer had resisted for more than a month after its megastore in Manhattan was forced to shutter because of the coronavirus lockdown, The Post has learned. The 47-year-old electronics seller  — whose Manhattan flagship is known for its Orthodox Jewish …
  • ViacomCBS layoffs continue amid merger integration

    ViacomCBS layoffs continue amid merger integration

    ViacomCBS has unleashed a fresh round of layoffs in the ongoing integration of Viacom and CBS, whose merger created the company in December. ViacomCBS Chief Executive Bob Bakish sent an e-mail to staff Wednesday after handing out pink slips that may have hit more than 100 workers, according to a source. The news pushed shares …
  • Lyft to cut nearly 1,000 jobs due to coronavirus outbreak

    Lyft to cut nearly 1,000 jobs due to coronavirus outbreak

    Lyft said on Wednesday it plans to lay off 982 employees, or 17 percent, of the ride-hailing firm’s workforce, due to the economic challenges caused by the coronavirus pandemic. Wall Street reacted by sending the shares up almost 5 percent, or $1.62, to $34.36. Earlier this month, the Uber rival announced that some drivers sidelined …
  • Juul could cut third of its workers amid harsh regulatory scrutiny

    Juul could cut third of its workers amid harsh regulatory scrutiny

    Juul is reportedly planning to lay off a third of its workforce amid a series of regulatory crackdowns that have stunted its growth, according to a new report. The e-cigarette maker will cut between 800 and 950 jobs amid intense regulatory scrutiny and declining market share, according to the Wall Street Journal. The layoffs would …