PYMNTS-MonitorEdge-May-2024

pay cuts

TripAdvisor Cuts 900 Staff As COVID-19 Decimates Travel
TripAdvisor Cuts 900 Staff As COVID-19 Decimates Travel
April 28, 2020  |  Coronavirus

TripAdvisor is further cutting staff after already doing so earlier this year, with the coronavirus’s crippling blow crushing the travel business, according to a report...

READ MORE >
SoulCycle Announces Staff Furloughs, 25 Pct Pay Cuts
SoulCycle Announces Staff Furloughs, 25 Pct Pay Cuts
April 02, 2020  |  Subscription Commerce

SoulCycle employees are probably working up a sweat as the New York-based fitness company trimmed jobs and initiated a 25 percent pay cut in response...

READ MORE >
Neiman Marcus To Stay Closed Through April 30; Lays Off Workers
Neiman Marcus To Stay Closed Through April 30; Lays Off Workers
March 30, 2020  |  Retail

After closing its stores earlier this month because of the coronavirus pandemic, luxury fashion retailer Neiman Marcus will now have to furlough some of its...

READ MORE >
Coronavirus Update: Saudi Arabia Requires Lenders To Help Companies; British Startups Ask Gov’t For COVID-19 Assistance
Coronavirus Update: Saudi Arabia Requires Lenders To Help Companies; British Startups Ask Gov’t For COVID-19...
March 30, 2020  |  Coronavirus

Governments are aiming to help companies amid the coronavirus, while executives are taking measures to contend with the crisis. Here are the latest updates on...

READ MORE >