Musk and Social Media Struggling with Twitter Takeover
Things are wild over at Twitter following Elon Musk’s takeover of the social media platform.
layoffs
Big corporations suck the marrow out of the COVID-19 economy, leaving devastation behind them
What’s the use of a crisis if big corporations and wealthy people can’t use it to make more money, preferably at the expense of those with less than them? I ask you! Well, by that standard, the coronavirus pandemic has worked out quite well. A large majority of the biggest publicly traded companies were profitable …
Philadelphia City Council votes to protect laid-off hospitality workers. More cities need to follow
The coronavirus pandemic has devastated the hospitality industry, with the fallout still growing. This week the Philadelphia City Council took steps to protect workers when the economic recovery begins, unanimously passing legislation to give laid-off hospitality workers the right to be rehired when jobs start coming back. The bill could eventually help 12,000 Philadelphia hotel housekeepers, stadium …
The next blow for businesses: Tax hikes that threaten more layoffs
Businesses across the nation could soon face state tax increases to pay for the surge in Americans filing for unemployment benefits this year, further straining employers at a time when many are fighting for survival. Massachusetts, New Jersey and Alabama are among the states looking at tax hikes that could cost employers billions of dollars. …
The next blow for businesses: Tax hikes that threaten more layoffs Read More »
U.S. workers filed 881K claims for jobless benefits last week
More than 880,000 people filed new applications for unemployment benefits last week, the Labor Department reported on Thursday. The numbers are not directly comparable to previous weeks because of a change the Labor Department made in how it calculates the claims, which are seasonally adjusted. The number appears lower than the previous week’s 1 million claims, …
U.S. workers filed 881K claims for jobless benefits last week Read More »
Coronavirus has upended many lives, but immigrant journalists on visas face a grim reality
For Trey Taylor, moving to New York City was nothing short of a dream come true. The Canadian citizen had worked tirelessly for about two years to secure a work visa that allowed him to work freely within the country. But when the coronavirus pandemic hit, the young journalist was unceremoniously terminated from his position …
The H-1B Termination “Stinger” in the Era of COVID-19: What Employers Need to Know
The ongoing COVID-19 pandemic and its global economic repercussions have forced many employers to make difficult choices regarding their workforces. Businesses that employ workers who are not U.S. citizens must reckon with additional complications, as their decisions will affect both the employees’ livelihoods and their ability to remain in the United States. Given these challenges, …
The H-1B Termination “Stinger” in the Era of COVID-19: What Employers Need to Know Read More »
Field Museum Workers Say It’s Time for the CEO to Start Making Sacrifices, Too
Facing devasting pay cuts and layoffs amid the Covid-19 crisis, workers at Chicago’s Field Museum are organizing to demand greater transparency and equitable sacrifice from upper management. “We fear these cuts will disproportionately impact staff of color and those already paid the least,” Field Museum workers explain in a petition that has now garnered over 1,700 signatures. …
Field Museum Workers Say It’s Time for the CEO to Start Making Sacrifices, Too Read More »
Why temporary layoffs may become permanent
Forty-two percent, or 11.6 million, of all jobs lost through April 25 due to Covid-19 will become permanent, according to the University of Chicago. The White House is downplaying the bulk of coronavirus-related layoffs as temporary. But as the worsening recession forces companies to downsize or shut their doors, economists warn that many of these …
America’s economic pain arrives on K Street
Layoffs are happening, and a survey of trade groups shows revenue is down sharply at many of them. Restaurants, hotels and tourism businesses are getting socked. Now their Washington lobbyists are, too. K Street is in cutback mode: The International Franchise Association, the U.S. Travel Association and the National Rifle Association have all laid off staffers …
