The crackdown is killing the entrepreneurial drive that made China a tech power and destroying jobs that used to attract the country’s brightest.
Tag: Layoffs and Job Reductions
India’s Economy Still Weak, Despite a Strong Third Quarter
Covid-19 essentially robbed the country of more than a year of badly needed economic growth. That’s lost ground that cannot be regained quickly.
British Museums Face Covid’s Long-Term Effects
Months of closures during the pandemic have caused financial havoc for art venues, and many expect to be strapped for years. At the Victoria and Albert Museum in London, the virus’s impact is clear.
The U.K. Prepared for a Jobs Crisis, but Got the Unexpected
Instead of a surge in unemployment, businesses are struggling to fill positions, presenting a new risk to the pandemic recovery.
How Social Class Affects Covid-Related Layoffs Worldwide
In the most egalitarian countries, poor and less educated adults were more protected from job losses.
Travel Workers Despair a Year Lost to Covid-19
Six travel workers, from a cruise ship crewmember in Manila to a tour bus driver in East Jerusalem, share how the prolonged shutdown has upended their lives.
Head of McKinsey Is Voted Out as Firm Faces Reckoning on Opioid Crisis
Partners decided not to keep Kevin Sneader in the top job. Weeks earlier, McKinsey had reached a historic settlement agreement in the U.S. over its advice to drugmakers.
Why Suicide Rose Among Japanese Women During the Pandemic
Job losses, urban isolation, household burdens: Covid-19 has compounded the pressures on women, raising alarms in a country that has worked to reduce some of the world’s highest suicide rates.
‘I Did Something Useful’: Unemployed Workers Take On the Virus in Temp Jobs
Some workers in devastated industries in Britain are finding solace and using their old skills as coronavirus testers, contact-tracing callers and hospital housekeeping workers.
Who Takes the Eurostar? Almost No One, as the Pandemic Fuels a Rail Crisis
A plunge in ridership at the international high-speed train mirrors wider troubles gripping Europe’s railway industry.