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The head of Disney’s theme parks unit said that uncertainty over the pandemic’s duration had made cuts unavoidable.
Carriers are likely to cut more than 35,000 jobs starting Thursday.
It’s a hit to morale and skill-building for the workforce.
The airline’s decision to cut jobs and pay could herald a new era of labor unrest in Britain.
April figures show communities that rely on manufacturing are also hurt by job losses, but they may see improvement more quickly.
Chinese workers complain that shortened hours or being told to resign are layoffs by another name.
And more job losses are likely on the way.
Almost one in four business owners worry their companies won’t survive the pandemic, according to a U.S. Chamber of Commerce survey.
The longer you’re laid off, the more likely it is to become permament.
A new report finds the worst of COVID-19 job losses could be yet to come.