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Business
COVID-19: Layoffs Soar As Companies Brace For Years Of Disruption Due To Pandemic COVID-19: Layoffs Soar As Companies Brace For Years Of Disruption Due To Pandemic
Covid-19: Layoffs Soar As Companies Brace For Years Of Disruption Due To Pandemic The COVID-19 pandemic has forced tens of thousands out of work, some of whom will have no job to return to once the virus has run its course in this country. Numerous industries will be permanently changed by the virus after thousands were furloughed or laid off while companies made the necessary audibles to stay afloat during the pandemic. Some companies that vowed to return furloughed employees back to work have also announced that they will drastically be reducing their workforces in an effort to keep costs down to account for financial losses that were accrued due to the COVID-19 outbr…

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by Zak Failla
News
COVID-19: Macy's To Furlough Most Of Its 130,000 Workers COVID-19: Macy's To Furlough Most Of Its 130,000 Workers
Covid-19: Macy's To Furlough Most Of Its 130,000 Workers Having lost most of its sales amid the novel coronavirus (COVID-19) pandemic, Macy's says it will furlough most of its workforce of 130,000, which includes its subsidiary retailers Bloomingdale’s and Bluemercury. Macy's made the announcement on Monday, March 30, about two weeks after all its stores closed on Wednesday, March 18 due to the outbreak. "While the digital business remains open, we have lost the majority of our sales due to the store closures," Macy's said in a statement.  Macy's said it's already taken measures to maintain financial flexibility, including suspending t…

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by Zak Failla