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Company layoffs snowball as recovery appears elusive

covid-19 president economy Coronavirus
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GE, Airbnb, Uber announced thousands of job cuts this week; ‘Our entire workforce...will have to be smaller than it is today’ Corporate America unveiled another wave of job cuts and warned of additional reductions, as executives signal they are resigned to a lengthy coronavirus-induced economic downturn.

This past week, General Electric Co., Uber Technologies Inc. and Airbnb Inc. said they would lay off thousands of workers. MGM Resorts International warned that some of the 63,000 employees it has furloughed may be let go permanently starting in August.

Aerospace supplier Raytheon Technologies Corp., job-listings site Glassdoor and United Airlines Holdings Inc. also said in the past week that they had reduced jobs or planned to do so. “Our

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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