Pay Cuts news and trends

SoulCycle Announces Staff Furloughs, 25 Pct Pay Cuts
Subscription Commerce // April 02, 2020

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 to its studio closures due to the coronavirus pandemic. In an internal email to staffers leaked to The Verge this...

Neiman Marcus To Stay Closed Through April 30; Lays Off Workers
Retail // March 30, 2020

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 workers until further notice, according to Bloomberg. The company said the stores will stay closed at least through April 30,...

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

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 COVID-19, the disease caused by the coronavirus, around the world. The central bank of Saudi Arabia is requiring lenders to...

Quick Reads
TripAdvisor Cuts 900 Staff As COVID-19 Decimates Travel

April 28, 2020
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 by CNBC. The company will cut 900 employees from its worldwide staff, or about 25 percent of its workforce. That’s in addition to the decision earlier this year to let […]

SoulCycle Announces Staff Furloughs, 25 Pct Pay Cuts

April 02, 2020
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 to its studio closures due...

Neiman Marcus To Stay Closed Through April 30; Lays Off Workers

March 30, 2020
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 workers until further notice, according...

Coronavirus Update: Saudi Arabia Requires Lenders To Help Companies; British Startups Ask Gov’t For COVID-19...

March 30, 2020
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 COVID-19, the disease caused by...