• Maine unemployment surges; nursing home has 13 virus cases

    1 month ago - By Stl Today

    AUGUSTA, Maine - The number of Mainers filing for unemployment continues to grow as businesses furlough workers during the coronavirus pandemic.
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  • Yelp lays off or furloughs 35% of its staff, as restaurants and services crumble

    1 month ago - By Fortune

    Crowd-sourced review website Yelp announced this morning that it will lay off 1,000 workers and furlough an additional 1,100 employees. The staff cuts are currently expected to last four months, says a source familiar with the changes but unauthorized to comment.
    Yelp's layoffs and furloughs constitute 35% of the company's staff of 5,950, reported in December 2019.
    Sources tell Fortune the restructuring will be substantial, with some staff previously in managerial positions being moved into front-line sales roles, and some at the director level taking on lower-level managerial roles.
    “The...
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  • TikTok's $250 million pledge to coronavirus relief will support healthcare workers, education, and communities around the world

    TikTok's $250 million pledge to coronavirus relief will support healthcare workers, education, and communities around the world

    1 month ago - By Business Insider

    TikTok, the popular video-sharing app, is pledging $250 million to organizations providing coronavirus relief, the company's president Alex Zhu announced Thursday.
    The $250 million includes a $150 million commitment to healthcare and medical workers, as well as $40 million to local groups "representative of TikTok's diverse user communities."
    Since the coronavirus outbreak started to grow, TikTok has seen increases in downloads and user spending, as people spend more time online and under lockdown orders.
    Visit Business Insider's homepage for more stories .
    TikTok has pledged $250 million...
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  • Taco Bell workers protest 'painful and absurd' free taco deal that they say is causing customers to swarm to stores during the coronavirus pandemic

    Taco Bell workers protest 'painful and absurd' free taco deal that they say is causing customers to swarm to stores during the coronavirus pandemic

    1 month ago - By Business Insider

    Taco Bell's Taco Tuesday deal is sparking backlash from workers, who are concerned that customers flooding drive-thrus could increase their likelihood of exposure to the coronavirus.
    A petition against Taco Bell's response to the coronavirus calls out the deal for "literally encouraging people to come to their store in the midst of the pandemic."
    A Taco Bell manager told Business Insider that traffic at his store doubled due to the deal, which he called "probably the most painful and absurd thing they could've done during this time."
    "It's very important to us that Taco Bell remains the...
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  • OR rural hospital losing huge revenues, laying off workers

    1 month ago - By Stl Today

    SALEM, Ore. - Rural community hospitals in Oregon have seen huge drops in revenue with elective procedures banned due to the coronavirus outbreak and are having to lay off workers to survive, even as many beds sit empty.
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  • Monzo to shutter Las Vegas customer support office, 165 employees being let go

    1 month ago - By Tech Crunch

    Following voluntary employee furloughs and salary cuts in the U.K., Monzo is continuing to take tough decisions in order to shore up its financial position amidst the coronavirus crisis and resulting economic downturn.
    The latest move - which TechCrunch understands was being considered prior to the pandemic, though undoubtedly the decision was escalated and made because of it - will see the U.K. challenger bank shutter its customer support office in Las Vegas.
    The U.S. outpost employs 165 customer support staff, who will now lose their jobs, and provided overnight customer support to U.K...
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  • The Latest: Sleep Number furloughs 40% of its 4,400 workers

    1 month ago - By Stl Today

    MINNEAPOLIS - The Latest on the coronavirus outbreak in Minnesota :
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  • Coronavirus Layoffs: Yelp Latest To Cut Jobs Amid Pandemic

    1 month ago - By Forbes

    The national crisis, spurred by the spread of coronavirus, has impacted nearly every industry.
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  • Yelp lays off 1,000 employees and furloughs 1,100 more

    Yelp lays off 1,000 employees and furloughs 1,100 more

    1 month ago - By Tech Crunch

    Yelp co-founder and CEO Jeremy Stoppelman announced in an internal email that the company is going through difficult times. Yelp has to cut expenses, which means a large round of layoffs and some additional measures. 1,000 employees have been laid off.
    According to an SEC filing , Yelp had 5,950 employees as of December 31, 2019. Today's layoffs represent a 17% staff reduction.
    The company has shared Stoppelman's internal email on its website. In addition to layoffs, another 1,100 employees are now on furlough. Those employees are considered on unpaid leave until further notice - they will...
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  • UK government gets a bigger overdraft to help pay the bills

    1 month ago - By Chron

    LONDON - The British government is getting a bigger overdraft at the Bank of England, a further sign of the severe strains on its finances caused by the economic fallout of the coronavirus pandemic.
    In a joint statement Thursday, they said the government's so-called “Ways and Means” facility will be temporarily expanded to give the government “a short-term source of additional liquidity... if needed to smooth its cashflows and support the orderly functioning of markets through the period of disruption from COVID-19.”
    The facility currently stands at 400 million pounds but it could rise to...
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  • My hours have been cut due to a coronavirus furlough, but my workload hasn't

    1 month ago - By Washington Post

    For furloughed workers, it can be tricky to negotiate employer expectations for a shorter workweek.
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  • Pay cuts, furloughs, and layoffs for doctors, nurses, and other healthcare workers are mounting as the coronavirus pandemic hits hospitals

    Pay cuts, furloughs, and layoffs for doctors, nurses, and other healthcare workers are mounting as the coronavirus pandemic hits hospitals

    1 month ago - By Business Insider

    Healthcare workers are facing pay cuts, reassignments, furloughs, and layoffs caused by coronavirus social distancing rules and shutdowns.
    "Because it's this huge healthcare crisis, you don't expect healthcare workers to be impacted in this way," one nurse told Business Insider.
    Hospitals are seeing reductions in surgeries and visits, even as others see surges of coronavirus cases.
    Congress passed a $2 trillion coronavirus relief package in March called the CARES Act that provides $100 billion for hospitals , but that hasn't stopped the cuts.
    Lawmakers are now debating hazard pay for...
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