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Though news of the coronavirus pandemic has been discouraging, NBA executives still cling to hope of arranging a one-site, fan-less, 16-team playoff and a five-to-seven-game regular-season prelude, according to multiple NBA sources. “They’re very determined to have a champion,” one industry source said. The playoffs could be reduced to a slew of best-of-three series across …
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The Cheesecake Factory has sidelined nearly all of its restaurant workers, without pay, as the coronavirus crisis shutters some of its eateries, records show. The California-based chain has furloughed about 41,000 hourly restaurant staffers because of reductions in dine-in service and “landlord closures of certain properties,” it said in a Friday regulatory filing. That number …
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Tesla is slashing the number of workers at its Nevada Gigafactory by about 75 percent as the coronavirus pandemic roils the company’s manufacturing operations, local officials say. The electric-car maker told officials in the surrounding Storey County that it would cut its on-site staff at the Reno-area factory “in the coming days,” county manager Austin …
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Morgan Stanley and Citigroup have hit pause on layoffs as the coronavirus pandemic has led to a record level of unemployment claims and unprecedented economic uncertainty, according to sources. On Thursday, Morgan Stanley pledged to not cut any jobs this year, according to a memo seen by Reuters, as the Wall Street bank sought to …
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General Electric’s aviation unit plans to cut its total US workforce by about 10 percent, chief executive officer Larry Culp said Monday, as airlines delay purchases amid the coronavirus pandemic. In a letter to employees, Culp also said he would forgo his salary for the rest of 2020. The company’s aviation business makes engines for …
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Australian airline Qantas is forcing most of its employees to stop working as the coronavirus pandemic threatens to gut its finances. Australia’s flag carrier and its budget subsidiary Jetstar will “stand down” two thirds of their 30,000 employees until at least the end of May to preserve jobs for the long term, the company said …
Though news of the coronavirus pandemic has been discouraging, NBA executives still cling to hope of arranging a one-site, fan-less, 16-team playoff and a five-to-seven-game regular-season prelude, according to multiple NBA sources. “They’re very determined to have a champion,” one industry source said. The playoffs could be reduced to a slew of best-of-three series across …
