Businesses plan more layoffs, hiring freezes in 2020
The wrath that the virus has unleashed at the start of the year is far from over. Things don't seem to get better as we see a resurgence in cases. According to a survey conducted by The Conference Board last month, nearly 1 in 10 businesses plan to layoff workers in the final three months of the ye ...
Reasons behind the new wave of layoffs
bout 20 million people were out of jobs due to the global pandemic. Many went back to work in summer with the stimulus, people got the opportunity to spend it on useful things, but things have gotten a bit rocky again. In recent days leading airlines have said they will cut over 30,000 workers. Dis ...
The latest layoffs do not signal to collapse the labor market.
Don't let the layoff news from Disney, United Airlines, American Airlines, etc. discourage you. Individually these numbers seem humongous, but they not enormous wrt to the total job market. To know more, click here. ...
Disney to lay off 28000 employees
Disney's theme parks have been one of it's most lucrative businesses, providing huge profits. This has changed since the world started facing a global crisis. The company reported a quarterly loss of $5 billion. This is the first time since 2001 that they have seen a quarterly loss. This has pushed ...
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