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Tag: layoffs

Layoffs, unemployment & furloughs as COVID-19 hits retail jobs

India went under lockdown on March 23, 2020, plunging its economy into darkness, the economic outlook very bleak owing to the COVID-19 virus. So far, over the last 3 months, the country has witnessed four phases of lockdown and a less restricted phase termed as ‘Unlock 1.0’ which is currently underway and is expected to …

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Nike CEO John Donahoe tells employees that layoffs are coming

People walk past a Nike store in New York. Carlo Allegri | Reuters On the same day that Nike announced dismal earnings, CEO John Donahoe sent an email to employees warning them that layoffs are coming.  “We will soon be forced to make some difficult choices that will likely result in a net reduction of jobs,” the …

Nike CEO John Donahoe tells employees that layoffs are comingRead More

‘Suddenly I have no paycheck’: layoffs and cuts for workers rocked by coronavirus | World news

Nevin Muni, 52, has always had an unpredictable schedule working in a stockroom at TJ Maxx in Queens, New York. She regularly works about 20 hours a week after being requested to come in on unscheduled days. To make ends meet, Muni has relied on working additional jobs, including as a Turkish language teacher, and …

‘Suddenly I have no paycheck’: layoffs and cuts for workers rocked by coronavirus | World newsRead More

More reported layoffs at Sears HQ

Get great content like this right in your inbox. Subscribe Sears’ store footprint isn’t the only thing that’s shrinking. “Hundreds” of corporate staffers have been laid off at Sears’ headquarters in Hoffman Estates, Ill., and a field office in San Francisco, reported Business Insider. The total number of laid-off employees is fewer than 300, according …

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The head of stores at Victoria’s Secret to step down, as layoffs mount

Pedestrians walk past a Victoria’s Secret LLC store, a subsidiary of L Brands Inc., in New York. Craig Warga | Bloomberg | Getty Images As L Brands’ Victoria’s Secret lingerie brand tries to right the ship, facing a sales slump, the company has laid off dozens of people at its home office this week. In …

The head of stores at Victoria’s Secret to step down, as layoffs mountRead More