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Stories Tagged as

Layoffs

COVID-19

Amid historic layoffs, millions of low-wage workers still at risk

by David Brancaccio and Rose Conlon
May 4, 2020
A new report finds the worst of COVID-19 job losses could be yet to come.
Food service workers are among the most vulnerable. But the retail, hospitality and even health care sectors face challenges, too.
Sarah Silbiger/Getty Images
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COVID-19

30 million have sought U.S. unemployment aid since COVID-19 hit

by Associated Press
Apr 30, 2020
It's by far the worst string of layoffs on record.
Economists have forecast that the unemployment rate for April could go as high as 20%.
Cindy Ord/Getty Images
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COVID-19

Do unemployment benefits in the time of COVID-19 cover the cost of living?

by Mitchell Hartman
Apr 23, 2020
Those dollars stretch farther in some states than others.
The benefits vary from state to state, though right now, recipients also qualify for $600 a week in federal pandemic unemployment benefits.
Olivier Douliery/AFP via Getty Images
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COVID-19

Pay cuts spreading beyond executive suite

by Meghan McCarty Carino
Apr 2, 2020
Cuts to pay can save jobs, but they can hurt morale, too.
As pay cuts spread further down from the executive suite, they hit average workers harder. Above, cashiers wearing protective masks work in a grocery store in Brooklyn on April 2.
Stephanie Keith/Getty Images
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What's the difference between a furlough and a layoff?

by Kristin Schwab
Mar 24, 2020
The distinction matters for your personal economy and the economy at large.
Victor J. Blue/Getty Images
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Workplace Culture

More and more workers are taking advantage of informal activism

by Meghan McCarty Carino
Nov 8, 2019
What's happening at WeWork is the latest example of informal organizing by workers.
Scott Olson/Getty Images
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Stay or move? Laid-off GM workers face a tough choice

by Tracey Samuelson
Aug 6, 2019
GM says it has jobs for nearly every one of the 2,800 laid-off workers, but they must decide whether they're willing to relocate.
Lincoln Fegley and his brother Joshua Fegley move furniture into Lincoln's new home in Troy, Mo. (Courtesy of the Fegley family)
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To retrain or not? Two laid-off manufacturing workers, two different paths

by Tracey Samuelson
Aug 6, 2019
On one hand, a government program that pays workers to learn new skills. On the other, jobs.
Dominic Johnjulio is learning to operate heavy equipment as part of a federally-funded retraining program after being laid off from Magna Seating, a General Motors supplier.
Tracey Samuelson
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Workplace Culture

Lowe's outsources thousands of jobs to third-party contractors

by Meghan McCarty Carino
Aug 5, 2019
The hardware retailer announced thousands of layoffs this week, but the jobs aren't going away
Kevork Djansezian/Getty Images
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Companies lay off workers even in the best economic times

by Ben Bradford
Aug 1, 2019
The unemployment rate is hovering around a 50-year low, but some companies are still shedding jobs.
Scott Barbour/Getty Images
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