Following a drop in sales amid the COVID-19 health crisis, Burberry is to reduce its workforce by 500 positions globally with the inclusion of 150 jobs in its British head offices. The moves are part of the luxury brand’s plans to reduce costs by £55 million, The Guardian reported....
The uptick in U.S. coronavirus cases could dampen the recovery of the nation’s economy, according to a Federal Reserve official. Raphael Bostic, the president of the Federal Reserve Bank of Atlanta, whose reach extends into the south caught up in the resurgence of COVID-19 cases,...
Grab, the $14 billion Southeast Asian ride-hailing startup, announced hundreds of job losses on Tuesday (June 16) as the impact of COVID-19 continues to take its toll. Reuters reported the company will lay off more than 300 employees. It’s the latest setback for the company’s...
The pandemic has spared no one on Main Street – the fallout has touched everyone, from the smallest of storefronts to the largest of mid-sized companies. To that end, a report by Automatic Data Processing (ADP) on Wednesday (May 6) showed that private-sector companies in...
August 03, 2020
Almost half of furloughed workers in the U.S. don’t believe their jobs are coming back, according to a report from CNBC citing a poll from The Associated Press-NORC Center for Public Affairs Research. The number has been growing grimmer since the surveys started. In April, only 2 out of every 10 households said they were […]
July 15, 2020
Following a drop in sales amid the COVID-19 health crisis, Burberry is to reduce its workforce by 500 positions globally with the inclusion of 150 jobs in its British head offices. The...
July 07, 2020
The uptick in U.S. coronavirus cases could dampen the recovery of the nation’s economy, according to a Federal Reserve official. Raphael Bostic, the president of the Federal Reserve Bank of...
June 16, 2020
Grab, the $14 billion Southeast Asian ride-hailing startup, announced hundreds of job losses on Tuesday (June 16) as the impact of COVID-19 continues to take its toll. Reuters reported the...
