BEAMSTART Logo

In just a month, these 20 companies cut 130k jobs.

Many more companies are following suit.


In just a month, these 20 companies cut 130k jobs. | BEAMSTART News

- From our Sponsors -

With the pandemic continuing to rage on in the US, the economic slow-down has started taking a toll on businesses across the country.

In just a month since lock-downs were initiated, these 20 companies alone have laid off/furloughed over 130 thousand workers in a desperate attempt to reduce operating costs.

- Featured Sponsor -

Below are some of them and their laid off numbers:

  • Airbnb: 1,900 people

  • Uber: 3,700 people

  • Virgin Atlantic: 3,150 people

  • United Airlines: 3,400 people
  • Lyft: 1,270 people

  • Boeing: 16,000 people

  • TripAdvisor: 900 people

  • Hertz: 10,000 people

  • Nutanix: 1,500 people

  • Automation Anywhere: 2,600 people

  • Walt Disney World: 43,000 people

  • Air Canada: 5,100 people

  • Under Armour: 6,700 people

  • Scandinavian Airlines: 10,000 people

  • Cirque du Soleil: 4,000 people

  • Sephora: 3,000 people

  • General Electric: 2,500 people

  • Norwegian Airlines: 7,300 people
  • Pebblebrook Hotel Trust: 4,000 people
  • Union Square Cafe: 2,000 people

Total Above: 132020 people

Laid off numbers from the 20 companies above by sector.

Earlier this month, the U.S. Bureau of Labor Statistics reported that over 20.5 million jobs have been wiped out as of April 2020, bringing the total unemployment rate to 14.7%.

To date, over 1.5 million cases have been reported in the U.S., with the death-toll rising close to 100k people.

- From our Sponsors -

BEAMSTART is a Global Community and News Portal for Entrepreneurship. We cover the latest news and bring together a global network of CEOs/founders, Investors, Business Leaders, and Professionals.

 

Download the Community App

Connect with the BEAMSTART Entrepreneurship Community from the palm of your hands. Connect with CEOs/Founders, Investors, Business Leaders, and Professionals. Download below to instantly form partnerships and discover opportunities:

PlayStore ButtonAppStore Button

© 2016 - 2021 BEAMSTART. All Rights Reserved (Legal).