The latest on stock market and business news during the coronavirus outbreak.
Tag: Layoffs and Job Reductions
For Indian Women, the Coronavirus Economy Is a Devastating Setback
India’s women were already dropping out of the labor force. Coronavirus restrictions — and one of the worst economic slumps in decades — threaten even more losses for them.
Unexpected Drop in U.S. Unemployment Helps Markets Rally
The latest on stock market and business news during the coronavirus outbreak.
U.S. Jobless Claims Pass 40 Million: Live Business Updates
The latest on stock market and business news during the coronavirus outbreak.
Amazon Reaches Deal With French Unions in Coronavirus Safety Dispute
The online giant will begin reopening its six warehouses in France following a legal battle over protections for employees.
More Readers, Fewer Ads: Britain’s Local Newspapers Are Struggling
Heavily dependent on advertising and circulation, local and regional newspapers in the U.K. could face financial ruin as a result of the coronavirus pandemic.
Millions Had Risen Out of Poverty. Coronavirus Is Pulling Them Back.
Experts say that for the first time since 1998, global poverty will increase. At least a half billion people could slip into destitution by the end of the year.
‘I’m Just Living a Nightmare’: Oil Industry Braces for Devastation
Across the United States, companies are laying off workers, shutting down wells and preparing for a prolonged slump as oil prices tumble.
Disney World Furloughing 43,000 Workers
The action comes after the Florida attraction closed last month because of the coronavirus pandemic. About 200 employees who are considered essential will remain on the job.
Oil Companies Are Collapsing Due to Coronavirus, but Wind and Solar Energy Keep Growing
The renewable-energy business is expected to keep growing, though more slowly, in contrast to fossil fuel companies, which have been hammered by low oil and gas prices.