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Boeing will offer another round of employee buyouts as its losses pile up amid the coronavirus pandemic

The "voluntary layoff" will be targeted primarily at workers in Boeing's commercial and global serv…

David Slotnick   


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1 min read

Scooter rental platform Bounce fires 22% of its total workforces citing coronavirus

Scooter rental platform Bounce on Monday announced to lay off 130 employees or 22 per cent of its t…

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MGM Resorts will lay off 18,000 of its furloughed employees starting next week

MGM joins a growing list of companies forced to lay off or furlough employees in response to a tour…

Frank Carber   


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6 mins read

Coronavirus layoffs have not been equal. Here are the workers that have been hit hardest by pandemic job losses.

"The pandemic is falling on those least able to bear its burdens," said Federal Reserve Chair Jerom…

Carmen Reinicke   


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Google has rescinded thousands of job offers to temporary and contract workers, as the company continues to feel the sting of the pandemic

In its latest cost-cutting measure, Google has reportedly rescinded job offers to more than 2,000 c…

Hugh Langley   


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6 mins read

David Slotnick   


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BookMyShow lays off, furloughs 270 employees

Online ticket booking platform BookMyShow has laid off or furloughed 270 employees as it expects it…

PTI   


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Bed Bath & Beyond cuts 2,800 jobs as the retailer copes with declining sales and negative impacts of COVID-19

CEO Mark Tritton said the company needed to "rebuild the foundation of our business" in a Tuesday s…

Áine Cain   


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3 mins read

Elizabeth Warren accuses airlines and the Treasury Department of violating bailout terms as major airlines cut workers' take-home pay

Sen. Elizabeth Warren asked Treasury Sec. Steven Mnuchin why airlines were being permitted to cut w…

David Slotnick   


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Delta plans to furlough nearly 2,000 more pilots as COVID-19 continues to wreak havoc on the airline industry

More than 17,000 Delta workers — nearly 20% of its workforce — have already taken voluntary buyout …

David Slotnick   


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5 mins read

Raymond lays off hundreds of employees⁠— some of them say they haven’t received the promised severance pay

Not just that, for those who lost their jobs, many of them are complaining that they didn’t rece…

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3 mins read

United's CEO hints the airline could avoid layoffs if employees are willing to take huge cuts in their work hours instead

United Airlines CEO Scott Kirby said the airline would work with unions to agree to hours reduction…

David Slotnick   


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British retailer M&S to slash 7,000 jobs over the next 3 months following COVID-19 sales slump

The job losses at M&S will hit the retailer's customer support center, regional management, and sto…

Shalini Nagarajan   


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COVID-19 could eliminate 197 million travel industry jobs and wipe $5.5 trillion from the global GDP, a trade group warns

The World Travel and Tourism Council pinned much of the problem on a "confusing patchwork of bans" …

David Slotnick   


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Trump's executive order is designed to give an extra $400 in weekly unemployment, but one million Americans might not qualify

The order says people are only eligible if they are already receiving $100 in weekly state benefits…

Isabella Jibilian   


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Nearly one third of people that have gone back to work after being laid off during the coronavirus pandemic have lost their jobs again, study finds

A new study from Cornell University shows that a second wave of coronavirus pandemic layoffs is hap…

Carmen Reinicke   


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1 min read

If you're unemployed, Business Insider wants to hear from you

If you've dealt with a COVID-related layoff or furlough, or have a unique unemployment situation, t…

Juliana Kaplan,Debbie Strong   


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3 mins read

Richard Branson's Virgin Atlantic is seeking Chapter 15 bankruptcy protection in the US while it scrambles to finalize a rescue plan

Virgin Atlantic filed for Chapter 15 bankruptcy. International travel demand has been sharply cut b…

David Slotnick   


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David Slotnick   


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Leaked memo reveals United Airlines may furlough up to one-third of its pilots as coronavirus continues to decimate travel demand

United Airlines may need to furlough up to 3,900 pilots due to the coronavirus outbreak, up from th…

David Slotnick