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Tag: Unemployment

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 …

Layoffs, unemployment & furloughs as COVID-19 hits retail jobsRead More

UK needs ‘biggest-ever peacetime job creation plan’ to stop mass unemployment | Business

The biggest job creation package in peacetime is needed to prevent the worst unemployment crisis in Britain for a generation, a leading thinktank has warned. Sounding the alarm as job losses mount, the Resolution Foundation called on the government to continue subsidising the wages of workers in the sectors of the economy hardest hit by …

UK needs ‘biggest-ever peacetime job creation plan’ to stop mass unemployment | BusinessRead More

The window to prevent mass unemployment is rapidly closing | Anneliese Dodds | Business

Today is the day that many businesses on our high streets have dreaded – the due date for the next quarterly rent. This is felt most acutely by those businesses that make up the backbone and character of many local communities but remain closed, such as pubs, hairdressers and restaurants. Even much-loved businesses whose customers …

The window to prevent mass unemployment is rapidly closing | Anneliese Dodds | BusinessRead More

Juul to cut 650 jobs, slash $1 billion in costs

Juul will cut 650 jobs, up from the previously planned 500 jobs, as it slashes nearly $1 billion in costs next year, a company official said Tuesday. The job cuts represent 16% of Juul’s 4,051 employees. The fast-growing start-up had been hiring about 300 employees a month. Juul will cut marketing spending as the company …

Juul to cut 650 jobs, slash $1 billion in costsRead More