Nov
06
The U.S. economy gained 638,000 jobs in the month of October. The unemployment rate that was7.9 percent in September, declined by1.0 percentage point to 6.9 percent, according to the U.S. Bureau of Labor Statistics. The areas that saw notable job gains were in hospitality, retail trade, professional and business services,... read more →
Oct
30
Pizza Express will cut 1,300 more jobs across its 370 UK restaurants after sales dipped amid the second wave of the coronavirus pandemic and restrictions. This comes on top of 1,100 layoffs in August when Pizza Express agreed to close 73 branches as part of a restructuring deal. Zoe Bowley,... read more →
Oct
27
In a major restructuring to streamline and reshape their branch network, Charles Schwab Corp, the American multinational financial services company, is laying off about 1,000 positions or about 3% of the combined workforce of Charles Schwab and TD Ameritrade. Employees who will be losing their jobs will be given early... read more →
Oct
21
The Cathay Pacific Group has announced a corporate restructuring in response to the continued impact of the COVID-19 pandemic on the aviation market. The restructuring will enable the Company to protect as many jobs as possible while securing its future. By restructuring, the company has reduced approximately 8,500 positions across... read more →
Oct
19
Intellizence tracks the latest layoff, downsizing, employee termination, furlough announcements from multiple news and regulatory filings. Following is the highlight of a few major layoffs of the week ending October 19th, 2020 Major layoffs announced during the week were: Alberta Health Services to lay off up to 11,000 staff. Those... read more →
Oct
06
Cineworld, the world’s second-biggest cinema chain, will close its U.K. and U.S. movie theaters, till further notice, putting over 45000 jobs at risk. The cinema chain has been affected by the coronavirus-related slump in film releases and cinema-going. With studios not releasing big budget movies such as the new James... read more →
Oct
05
According to the U.S. Bureau of Labor Statistics, the employment rate rose by 661,000 in September, less than half the amount gained in August. The unemployment rate declined by 0.5 percentage points to 7.9 percentage points down from 8.4 percent, only slightly less than in August. The number of unemployed persons... read more →
Sep
30
Walt Disney Co is to reduce its workforce by around 28,000, mostly at its resorts in Florida and California. The parks that were closed down due to the pandemic reopened recently, though the number of visitors has to be limited to follow social distancing norms. Theme parks will account for... read more →
Sep
28
Intellizence tracks the latest layoff, downsizing, employee termination, furlough announcements from multiple news and regulatory filings. Following is the highlight of a few major layoffs of the week ending September 26th, 2020. Major layoffs announced during the week were: Casino operator MGM Resorts International would lay off 18,000 furloughed employees... read more →
Sep
23
The New York-based fashion house, Ralph Lauren Corp., is to cut 15% of its global workforce by the end of 2020 as the luxury retailer strives to lower costs and bear the impact of COVID-19 on sales and shopping habits. The fashion house that has 530 stores globally, with a... read more →