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Uber is planning to slash its workforce by 20 percent as the coronavirus ravages its rides business, a new report claims. The ride-hail startup’s cuts would see more than 5,000 heads roll in the coming weeks, according to The Information (paywall), and prompted the resignation of longtime executive Thuam Pham. Pham, who joined the then-fledgling …
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Hundreds of janitors, shuttle-bus drivers and other low-wage workers are struggling to make ends meet after Tesla laid them off due to the coronavirus pandemic, according to a new report. In March, following weeks of resisting calls to close its Fremont, Calif. factory, Tesla relented and in the process laid off nearly 300 unionized janitors …
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The vast ranks of newly unemployed are straining the capacities of food banks, soup kitchens and pop-up services across New York City. One user, Brittany, a 35-year-old Ph.D. candidate at Teachers College at Columbia University, who declined to give her full name, says she started visiting food services at Salem United Methodist Church in Harlem …
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First, it was bars, restaurants, hotels. And clothing stores, movie theaters, entertainment venues. And countless small businesses, from bookstores to barber shops. Now, the record-setting flood of layoffs unleashed by the viral outbreak is extending beyond the services industries that bore the initial brunt and are still suffering most. White collar employees, ranging from software …
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Harley-Davidson said on Wednesday it had temporarily laid off most of its global production employees and implemented salary cuts in a bid to lower costs as the coronavirus pandemic has hurt its business. The announcement comes weeks after the motorcycle maker withdrew its earnings forecast for this year, saying pandemic-induced disruptions could dent its ability …
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The Los Angeles Times, claiming “advertising revenue has been nearly eliminated” because of the coronavirus, said it will furlough business-side employees and slash pay for senior executives by 5 percent to 15 percent. The furloughs are slated to start April 19 and will last up to 16 weeks, according to a memo from the newspaper’s …
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Debt-strapped Le Pain Quotidien was working to shrink its US presence even before the coronavirus pandemic battered its business, The Post has learned. The Belgian bakery’s website says says it “temporarily closed” all its US outlets last month “out of an abundance of caution” due to the crisis. In reality, sources say, the struggling restaurant …
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Cinemark, the third-largest movie theater chain in the US, has laid off half of its corporate staff and furloughed 17,500 hourly workers due to coronavirus pandemic restrictions. Cinemark said the 50 percent of workers who have been furloughed at its Plano, Texas, headquarters will continue to receive 20 percent of their salary as well as …
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Hollywood entertainment company Valence is in the process of slashing more than a third of the newsrooms jobs at its Hollywood Reporter and Billboard publications, The Post has learned. The Valence Media-owned publications will see 35 percent of their newsrooms slashed by end of the day Tuesday, according to a well-placed source. The source said …
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Radio broadcasting giant iHeartMedia is aiming to cut $250 million in costs this year, including furloughs and pay cuts, as it looks to weather the economic fallout from the coronavirus pandemic iHeart Chairman and Chief Executive Bob Pittman said in a Tuesday statement that iHeart’s senior management team and some other employees “voluntarily agreed to …