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“#Instacart axes 1,900 staff, including its only unionized workers” Instacart will lay off its only unionized workers as part of a plan to ax nearly 1,900 employees stationed in supermarkets across the country. The grocery delivery firm employs several thousand shoppers who pack grocery orders at stores for pickup or delivery. That’s unlike the roughly…
“#Job cuts in media topped 30,000 in 2020” The media industry was racked by a record 30,711 job cuts in 2020 — a stunning increase of 201 percent from the year earlier when 10,201 jobs were lost. The figures, which were rolled out Thursday by outplacement firm Challenger, Gray & Christmas, included jobs data from…
“#803,000 filed amid COVID-19 surge” American workers filed 803,000 applications for jobless benefits last week, an unexpected decrease as the coronavirus kept the labor market under pressure, the feds said Wednesday. The latest batch of initial jobless claims brought the total reported during the COVID-19 pandemic to about 72.2 million — equivalent to roughly 45 percent…
“#Jay Penske’s WWD cuts jobs as DOJ clears his Hollywood Reporter merger” Fashion publication Women’s Wear Daily handed out pink slips on Wednesday — just two months after its long-time owner, Penske Media, agreed to shell out $225 million to merge with the publisher of The Hollywood Reporter. That deal, which attracted antitrust review because…
“#Southwest issues layoff warnings to 6,828 employees” Southwest Airlines said on Thursday it had issued notices to 6,828 employees warning them that they could be furloughed, amid a slump in demand for air travel due to the coronavirus crisis. The involuntary furloughs will happen on March 15 or April 1, unless Southwest reaches cost-saving agreements or the government…
“#Disney to lay off 32,000 workers, mostly from theme parks” So much for being the happiest place on earth. The Walt Disney Company will be laying off about 32,000 workers, mostly from its theme parks, as the entertainment giant continues to struggle with a lack of customers amid the COVID-19 pandemic. In September, the company…
“#Delta pilots vote for pay cuts to avoid furloughs through 2022” Delta Air Lines pilots voted in favor of a deal that avoids furloughs through Jan. 1, 2022 in exchange for pay cuts, a union representing the pilots said Wednesday. The 1,713 Delta pilots, who were expected to be furloughed on Nov. 28, will now…
“#’Unfathomable’ MTA budget proposal includes over 9,000 job cuts” Weekday subway service could be nearly chopped in half and over 9,000 transit workers could lose their jobs under an MTA budget proposal being presented to the agency’s board on Wednesday. But the potential cuts could be mitigated if the transit agency receives a hefty $12…
“#Hollywood’s Endeavor eyes more cost-cutting, asset sales amid COVID” Hollywood superagent Ari Emanuel, desperate to survive the pandemic, is quietly hatching plans to trim the fat at Endeavor, his already slimmed down entertainment conglomerate, The Post has learned. Endeavor — which reps superstars like Matt Damon, Oprah Winfrey and Christian Bale through its WME talent…
“#WarnerMedia begins ‘painful’ but ‘critical’ wave of layoffs” HBO owner WarnerMedia has kicked off a significant round of layoffs as the company battles steep financial losses related to the pandemic. WarnerMedia chief executive Jason Kilar emailed staffers Tuesday morning, calling the layoffs “painful” but “critical” to the division’s health. Although he did not say how…