US jobs market to be hit with massive layoffs in 2025 amid HMPV virus fears? Experts warn ‘not everyone will have….’
2 days, 6 hours ago

US jobs market to be hit with massive layoffs in 2025 amid HMPV virus fears? Experts warn ‘not everyone will have….’

Hindustan Times  

While the US economy recovers from the shock of the coronavirus pandemic, experts have warned that not everyone will have job security in 2025. US jobs: Workers in a variety of industries received more blows in the closing months of 2024, with several layoff declarations for 2025. Amazon, Boeing and Spirit Airlines announce job layoffs Workers in a variety of industries received more blows in the closing months of 2024, with several layoff declarations for 2025. Speaking to Newsweek, CEO of BGG Enterprises Stephanie Alston said, “The trajectory of layoffs in 2025 will depend on several factors, including macroeconomic conditions, consumer demand, and how companies adapt to an evolving business landscape.” While 2024 experienced major reduction in industries such as technology, banking, and retail, as per Alston, the prospect for 2025 is dependent on whether corporations stabilize following restructuring or continue to cut jobs in reaction to market uncertainties. A survey by employment transition and consultation firm Challenger, Gray & Christmas Inc. revealed that companies in the United States declared 57,727 reductions in November 2024, up 3.8 percent from 55,597 layoffs made in October.

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History of this topic

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More
3 weeks, 4 days ago

12 Major Layoffs In 2024: Tesla, Google, Dell, Cisco, Intel, Microsoft And More

ABP News  

Major Layoffs In 2024: Layoffs have been the talk of the town for the whole of 2024; big firms and small start-ups across the sector and worldwide have announced layoffs this year, leaving employees in a difficult situation. Siemens Layoffs German tech giant Siemens also said that it is considering cutting up to 5,000 jobs globally in its factory automation …

Job openings rose while hiring dropped in October, labor report shows
1 month ago

Job openings rose while hiring dropped in October, labor report shows

Salon  

Job openings and resignations increased substantially in October while the number of hires and layoffs dropped, according to a Tuesday report from the Bureau of Labor Statistics that showed a mixed picture of the U.S. labor market. The increased number of job openings appeared mostly in professional and business services, as well as service and IT industries, jumping by 372,000 …

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details
4 months ago

Tech Industry Sees Layoffs Surge To 27,000 In August, Highest Since January; Here Are The Details

ABP News  

The tech industry experienced a major increase in layoffs in August 2024, reaching its highest level of job cuts since January of this year. The surge in layoffs is primarily attributed to substantial reductions at prominent industry leaders like Intel and Cisco, which contributed significantly to the overall increase in job losses. Intel Layoffs Intel spearheaded the wave of layoffs …

Layoffs Impact At Least 8,000 Individuals In India In 2024 As Firms Cut Down Jobs To Reduce Costs
4 months, 3 weeks ago

Layoffs Impact At Least 8,000 Individuals In India In 2024 As Firms Cut Down Jobs To Reduce Costs

ABP News  

Recent data revealed that 32 companies in India have cut down jobs for at least 8,000 people in India till August in the year so far. Layoffs.fyi, a start-up that tracks layoffs across the tech industry globally, found that the highest number of layoffs in the country came from Paytm which announced a job cut for at least 3,500 employees …

Major Layoffs In June 2024: Google, Meta, Microsoft, Ola Electric, Yes Bank And More
6 months, 1 week ago

Major Layoffs In June 2024: Google, Meta, Microsoft, Ola Electric, Yes Bank And More

ABP News  

Major Layoffs In June: Layoffs have become increasingly prevalent across various sectors as companies are grappling with economic uncertainties, shifting consumer demands, and operational challenges exacerbated by the ongoing global situation. In June 2024, widespread layoffs impacted thousands of employees worldwide, spanning from tech giants like Google and Meta to companies across various other sectors. Google Layoffs Alphabet, Google's parent …

Indeed layoffs: Careers site cuts jobs of 1,000 workers, CEO says ‘sorry’
7 months, 3 weeks ago

Indeed layoffs: Careers site cuts jobs of 1,000 workers, CEO says ‘sorry’

Hindustan Times  

Careers site Indeed is laying off about 1,000 employees- 8% of its workforce- it said, with the aim to simplify its organization. The company's CEO Chris Hyams took responsibility for the job cuts and said that the firm is still not set up for growth after last year's global slowdown in hiring resulted in declining sales. Indeed layoffs: The latest …

Google layoffs: Company announces second major round of job cuts in 2024 saying ‘change is difficult’
8 months, 3 weeks ago

Google layoffs: Company announces second major round of job cuts in 2024 saying ‘change is difficult’

Hindustan Times  

Google layoffs: Tech giant Google announced major restructuring plans that could result in some employees getting fired, as per a report. Ruth Porat, chief financial officer at Google, sent a memo to employees informing them about company’s new plans, CNBC reported. Google didn't confirm the exact number of employees being let go in the latest round of layoffs but the …

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?
9 months ago

Tech layoffs this week: Byju’s, Apple, Amazon cut jobs citing downsizing, shifts. More companies to follow?

Hindustan Times  

Tech layoffs 2024: The tech industry saw more layoffs this week as companies are sacking employees across departments. The big companies that fired employees include Amazon, Apple and Byju’s who cited strategic shifts and downsizing as the reason for job cuts in the industry. As per Layoffs.fyi, 235 companies have laid off 57,785 employees in 2024 as in January, 121 …

US job openings rise modestly to 8.8 million in February in strong labor market
9 months ago

US job openings rise modestly to 8.8 million in February in strong labor market

Associated Press  

WASHINGTON — U.S. job openings barely changed in February, staying at historically high levels in a sign that the American job market remains strong. But the Job Openings and Labor Turnover Survey, or JOLTS, showed that layoffs ticked up to 1.7 million in February from 1.6 million in January, highest since March 2023. “Job openings are still elevated relative to …

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?
9 months, 1 week ago

Why Tech Layoffs are Still Continuing in March 2024, Which Industries are Recession-Proof?

News 18  

A CEO of a technology company fired hundreds of employees over a phone call. This news is nothing new as several IT companies have been on a firing spree since November 2023, and, unfortunately, the trend is still continuing in March 2024. Tech giant Google has warned its employees to “brace for more layoffs”, as Alphabet removed thousands of its …

The jobs market is hot, but layoffs keep coming in a shifting economic environment
10 months, 1 week ago

The jobs market is hot, but layoffs keep coming in a shifting economic environment

Associated Press  

The U.S. economy is humming and there are hundreds of thousands of jobs being added every month. The video streaming platform’s CEO Dan Clancy said in an email to employees that even with cost cuts and growing efficiency, the platform “is still meaningfully larger than it needs to be given the size of our business.” Packaging & Delivery Layoffs UPS …

Cisco Layoffs: Tech Firm To Fire Thousands Of Employees From This Week, Says Report
10 months, 3 weeks ago

Cisco Layoffs: Tech Firm To Fire Thousands Of Employees From This Week, Says Report

ABP News  

The US-based communication technology firm Cisco reportedly intends to trim its workforce to concentrate on areas of growth following the recent trend of job reductions by pears. The company is gearing up for a business restructuring that will result in the termination of thousands of employees, reported the news agency Reuters. However, a source familiar with the matter revealed to …

Job cuts continue in 2024: A look at recent layoffs
11 months ago

Job cuts continue in 2024: A look at recent layoffs

India TV News  

The year 2024 has started with major corporations announcing significant job cuts. Targets for layoffs: Middle managers and remote workers beware In the recent job cut wave, those who are middle managers and remote workers will be particularly vulnerable. Image Source : FILELayoff How can the employees navigate the upcoming uncertainty: Strategies To navigate the uncertainties in the current job …

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs
11 months, 2 weeks ago

From Microsoft to Levi’s, here’s a look at tech and retail companies that have recently made layoffs

Associated Press  

2024 has already proven to be a difficult year for layoffs. Here’s some tech and retail companies that have laid of employees of late: REI layoffs REI is laying off 357 workers, mostly in the outdoor retailer’s headquarters and distribution centers. In a letter to employees, CEO Eric Artz noted that “outdoor specialty retail has experienced four quarters of decline …

Google Lays off Hundreds of Employees; Assistant, Hardware, Engineering Teams To Be Affected
11 months, 4 weeks ago

Google Lays off Hundreds of Employees; Assistant, Hardware, Engineering Teams To Be Affected

News 18  

Tech giant Google has laid off hundreds of employees across multiple teams, with Fitbit co-founders James Park and Eric Friedman also leaving the company, as the tech giant continues to cut costs, a Google spokesperson told Reuters in a statement. The reorganization of certain teams comes at a time when companies like Microsoft and Google are betting on the rising …

Layoffs Reached All-Time High in 2023, India Ranked 2nd After US for Firing 18,000 Employees
1 year ago

Layoffs Reached All-Time High in 2023, India Ranked 2nd After US for Firing 18,000 Employees

News 18  

Layoff-fyi, a website that tracks jobs globally, has revealed that 2.61 lakh people lost their jobs in 2023. According to statistics, here are the estimated numbers of individuals fired country-wise: United States: 179.2 Thousand India: 16.4 Thousand Germany: 13.1 Thousand Sweden: 11.1 Thousand United Kingdom: 9.4 Thousand Around 4,700 individuals were laid off in the ed-tech sector, followed by the …

U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job market
1 year, 2 months ago

U.S. job openings rise slightly to 9.6 million, sign of continued strength in the job market

Associated Press  

WASHINGTON — Employers posted 9.6 million job openings in September, up from 9.5 million in August and a sign that the U.S. job market remains strong even as the U.S. Federal Reserve attempts to cool the economy. Before 2021 — when the American economy began to surge from the COVID-19 pandemic — monthly job openings had never topped 8 million. …

The number of available jobs in the US just fell to its lowest level in more than two years
1 year, 5 months ago

The number of available jobs in the US just fell to its lowest level in more than two years

CNN  

Minneapolis CNN — Bit by bit, the US labor market is settling down from the rolling boil of the past three years: The number of job openings dipped to its lowest point in more than two years, according to data from the Bureau of Labor Statistics released on Tuesday. “Both a recession and a soft landing look like this.” The …

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report
1 year, 5 months ago

Layoffs run rampant with over 194,000 Americans left unemployed in 2023 so far, recession fears arise- Report

Hindustan Times  

According to a report from Forbes, 2023 has brought a storm of layoffs across various industries, with nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs. Nearly 194,000 American employees finding themselves out of work in more than 150 major layoffs in 2023 so far. Tech Takes a Hit Tech companies have faced the …

Layoffs in US: Of over 80,000 job cuts in May, 3900 fired due to AI technology
1 year, 6 months ago

Layoffs in US: Of over 80,000 job cuts in May, 3900 fired due to AI technology

Live Mint  

US companies have announced startling job cuts in May this year, beating the record of 2022, according to executive coaching firm Challenger, Gray & Christmas Inc. US-based employers announced 80,089 job cuts in May as compared to 20,712 layoffs in the same month last year--a massive 287% rise. So far this year, companies have announced plans to cut 417,000 jobs--a …

US job openings dip to 9.6 million, lowest since 2021
1 year, 8 months ago

US job openings dip to 9.6 million, lowest since 2021

Associated Press  

WASHINGTON — U.S. job openings fell in March to the lowest level in nearly two years, a sign that the American labor market is cooling in the face of higher interest rates. The Labor Department’s Job Openings and Labor Turnover Summary, out Tuesday, showed that layoffs rose to 1.8 million, the highest level since December 2020. The number of Americans …

Layoffs 2023: US companies cut more than 180,000 jobs in two months amid fears of global recession
1 year, 9 months ago

Layoffs 2023: US companies cut more than 180,000 jobs in two months amid fears of global recession

India TV News  

A report from Challenger, Gray & Christmas, a firm that provides outplacement services to executives, reveals that in the past two months, a number of companies in the United States have cut jobs due to concerns over a global recession, resulting in more than 180,000 employees losing their jobs. The report also shows that the tech industry has cut a …

The recent layoffs and the future of US tech
1 year, 10 months ago

The recent layoffs and the future of US tech

Hindustan Times  

With the Covid-19 pandemic, although the world had come to a standstill, there was unprecedented growth in the tech industry, as it was embraced by people from all walks of life like never before, resulting in many big tech firms earning unheard-of profits. While Google and Microsoft lost $700 billion each, and Facebook lost $600 billion; Amazon, a public company, …

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List
1 year, 10 months ago

Tech Layoffs: Over 1 Lakh Employees Lose Job So Far In 2023 Alone; Company-Wise Layoff List

News 18  

Tech Layoffs In 2023: Citing cost cutting due to macroeconomic pressures, tech companies across the world have resorted to layoffs in the past months. The year 2023 has witnessed mass layoffs by companies such as Google, Microsoft, Salesforce and Amazon, among others. Apart from these, Salesforce laid off 8,000 employees, Dell sacked 6,650, IBM about 3,900, SAP nearly 3,000, Zoom …

INDUSTRY | Will IT lay-off wave crash into Indian shores?
1 year, 10 months ago

INDUSTRY | Will IT lay-off wave crash into Indian shores?

The Hindu  

Published : Feb 09, 2023 10:25 IST It was a New Year gift that the employees of Big Tech did not see coming. “If a small company like mine has been told not to hire high-skilled workers, then it can happen anywhere.” Alagunambi Welkin, general secretary of the Union of IT and IT-ES Employees, said that it was odd that …

Explained | What does the recent wave of tech layoffs mean?
1 year, 11 months ago

Explained | What does the recent wave of tech layoffs mean?

The Hindu  

The story so far: The New York-headquartered International Business Machines Corp. last week became the latest to join the list of tech companies that have made large-scale layoffs since late 2022. This comes on the heels of what has been described as Big Tech’s “midlife crisis” or the clock striking “midnight” on its hyper-growth; technology giants Alphabet, Amazon, Meta, and …

Tech industry job cuts come rapidly and in big numbers
1 year, 11 months ago

Tech industry job cuts come rapidly and in big numbers

Associated Press  

In just the past month there have been nearly 50,000 job cuts across the technology sector. Large and small tech companies went on a hiring spree in over the past several years due to a demand for their products, software and services surged with millions of people working remotely. August 2022 Snap: The parent company of social media platform Snapchat …

From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January
1 year, 11 months ago

From Microsoft, Amazon, Google to Wipro, a look at major job cuts in January

Firstpost  

While all firms may not be on Layoffs.fyi list, here is a look at the major job cuts in IT, IT services and other sectors in January 2023 New Delhi: From Google, Amazon to Microsoft, the first three weeks of January have already witnessed layoffs of 55,970 employees across 173 companies around the world, as per data on job cuts …

Amidst thousands of job cuts #layoffs trends on Twitter, sparks meme fest
1 year, 11 months ago

Amidst thousands of job cuts #layoffs trends on Twitter, sparks meme fest

Firstpost  

After a legion of job cut reports has set the internet ablaze, needless to say, it has sparked a meme fest, as #layoff and #layoff2023 are trending on Twitter The reports about mass layoffs don’t seem to be dying down anytime soon. After a legion of job cut reports has set the internet ablaze, needless to say, it has sparked …

Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

Associated Press  

LONDON — Google is laying off 12,000 workers, or about 6% of its workforce, becoming the latest tech company to trim staff as the economic boom that the industry rode during the COVID-19 pandemic ebbs. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for …

Google axes 12,000 jobs as layoffs spread across tech sector
1 year, 11 months ago

Google axes 12,000 jobs as layoffs spread across tech sector

LA Times  

With the layoffs, Google joins a host of other tech giants that have drastically scaled back operations amid a faltering global economy and high inflation. Tech companies that “not long ago were the darlings of the stock market” have been forced to freeze hiring and cut jobs in preparation for an economic downturn, said a note from Victoria Scholar, an …

Microsoft to cut 10,000 jobs as tech layoffs intensify
1 year, 11 months ago

Microsoft to cut 10,000 jobs as tech layoffs intensify

The Hindu  

Microsoft Corp said on Wednesday it would cut 10,000 jobs by the end of the third quarter of fiscal 2023, the latest sign that layoffs were accelerating in the U.S. technology sector as companies brace for an economic downturn. The layoffs and costs related to hardware-portfolio and other changes will result in a charge of $1.2 billion in the second …

Tech industry in turmoil: Layoffs on the rise as companies struggle to stay afloat
1 year, 11 months ago

Tech industry in turmoil: Layoffs on the rise as companies struggle to stay afloat

India TV News  

The ongoing economic slowdown is making it difficult for the tech sector to survive. According to data from Layoffs.fyi, a website that tracks all layoffs at tech startups, in January 2023, 91 tech companies globally let go of about 24151 employees. Amazon CEO Andy Jassy, in a recent blog post, confirmed that Amazon is continuing layoffs while firing around 18000 …

Microsoft to lay off 10,000 people, increasing job cuts in tech
1 year, 11 months ago

Microsoft to lay off 10,000 people, increasing job cuts in tech

Al Jazeera  

The layoffs, far larger than cuts by Microsoft last year, pile on to tens of thousands of job cuts across the tech sector. The layoffs, announced on Wednesday and far larger than cuts by Microsoft last year, piled on to tens of thousands of job cuts across the technology sector that is long past its ceaseless growth during the coronavirus …

The U.S. job market is still healthy, but it's slowing down as recession fears mount
2 years ago

The U.S. job market is still healthy, but it's slowing down as recession fears mount

NPR  

The U.S. job market is still healthy, but it's slowing down as recession fears mount Enlarge this image toggle caption Anna Moneymaker/Getty Images Anna Moneymaker/Getty Images The U.S. job market closed out 2022 on a high note. Employers added 223,000 jobs in December, capping a year in which the economy added 4.5 million jobs, more than refilling the deep hole …

Amazon, Salesforce jettison jobs in latest tech worker purge
2 years ago

Amazon, Salesforce jettison jobs in latest tech worker purge

Associated Press  

E-commerce giant Amazon and business software maker Salesforce are the latest U.S. technology companies to announce major job cuts as they prune payrolls that rapidly expanded during the pandemic lockdown. “These changes will help us pursue our long-term opportunities with a stronger cost structure.” He said the layoffs will mostly impact the company’s Amazon Stores division — which a spokesman …

US tech firms dominated with most December job cuts: Report
2 years ago

US tech firms dominated with most December job cuts: Report

Live Mint  

American technology firms dominated the number of announced job cuts in December, 2022, according to job cuts report from employment firm Challenger, Gray & Christmas Inc, released on 5 January, 2023. The report added that the planned pace of layoffs in December was well above the 19,052 cuts announced in December 2021, and there were 363,824 planned layoffs, up 13% …

Despite high-profile layoffs, most workers likely to keep jobs if recession comes
2 years, 1 month ago

Despite high-profile layoffs, most workers likely to keep jobs if recession comes

LA Times  

The global economy is stuttering, and some of the world’s biggest names are already laying off thousands of employees. Business Fed officials signal slower pace of interest rate hikes coming ‘soon’ Since the Fed met earlier this month, economic data have shown moderate growth with some signs of slowing inflation amid a still strong labor market. Adrian Orr said the …

It's the end of the boom times in tech, as layoffs keep mounting
2 years, 1 month ago

It's the end of the boom times in tech, as layoffs keep mounting

NPR  

It's the end of the boom times in tech, as layoffs keep mounting Enlarge this image toggle caption Michel Spingler/AP Michel Spingler/AP For more than two decades, the U.S. tech industry has been a reliable source of booming stocks and cushy, high-paid jobs. "We're facing an unusual macro-economic environment, and want to balance our hiring and investments with being thoughtful …

Are widespread layoffs coming? How the pandemic has changed employers’ recession strategy
2 years, 6 months ago

Are widespread layoffs coming? How the pandemic has changed employers’ recession strategy

LA Times  

Even as the economy is slowing, for now there are still a near-record number of job openings, especially in hospitality businesses like this restaurant in Schaumburg, Ill. With the economy slowing, the post-pandemic surge is over for Wisconsin restaurant owner Patrick DePula and his four pizza and pasta places. “I do think the pandemic and its aftermath has focused employers …

The workers hit the hardest
2 years, 8 months ago

The workers hit the hardest

The Hindu  

According to the Centre for Monitoring Indian Economy ’s Consumer Pyramids Household Survey, employment in India fell from 408.9 million in 2019-20 to 387.2 million in 2020-21 and then recovered to 401.8 million in 2021-22. The 7 million jobs lost over the two years since the COVID-19 outbreak is unevenly distributed, so it may be difficult to cover most of …

US job openings hover near record, but fewer workers quit
3 years, 1 month ago

US job openings hover near record, but fewer workers quit

Al Jazeera  

Fewer Americans are telling their bosses ‘I quit’, but the economy remains awash in jobs that are going begging. The United States economy is still awash in jobs, government data showed on Wednesday, but fewer Americans are telling their bosses “I quit.” The latest Job Openings and Labor Turnover Survey from the US Department of Labor showed job openings rose …

America’s job market crumbled in 2020. Here’s what to expect for the New Year
4 years ago

America’s job market crumbled in 2020. Here’s what to expect for the New Year

CNN  

New York CNN Business — The US labor market is at a pivotal point 10 months into the pandemic: Millions of people remain unemployed while infections keep rising, and the fledgling jobs recovery has stalled out. Over the summer, the job market recovery looked decent, steadily chipping away at the more than 22 million jobs lost during the pandemic. “The …

US hiring slows amid signs of longer-lasting economic damage
4 years, 5 months ago

US hiring slows amid signs of longer-lasting economic damage

Associated Press  

WASHINGTON — U.S. hiring slowed in July as the coronavirus outbreak worsened, and the government’s jobs report offered signs Friday that the economic damage from the pandemic could last far longer than many observers originally envisioned. “There are whole parts of the economy that will remain unemployed until we have a much tighter control of this virus.” The jobs report …

Jobs are being wiped out at airlines, and there’s worse to come
4 years, 5 months ago

Jobs are being wiped out at airlines, and there’s worse to come

Hindustan Times  

About 400,000 airline workers have been fired, furloughed or told they may lose their jobs due to the coronavirus, according to Bloomberg calculations. British Airways, Deutsche Lufthansa AG, Emirates Airline and Qantas Airways Ltd. are among the carriers announcing thousands of dismissals and unpaid leave programs. Delta Air Lines Inc., United Airlines Holdings Inc. and American Airlines Group Inc. have …

Coronavirus fallout: Boeing announces massive layoffs, cuts 12000 jobs
4 years, 7 months ago

Coronavirus fallout: Boeing announces massive layoffs, cuts 12000 jobs

India TV News  

Boeing is cutting more than 12,000 jobs through lay-offs and buy-outs as the coronavirus pandemic seizes the travel industry, with more cuts to come. We will provide all the support we can to those of you impacted by the ILOs — including severance pay, COBRA health care coverage for U.S. employees and career transition services," Boeing said in a statement …

Boeing boss predicts Covid will cause collapse of big US airline
4 years, 7 months ago

Boeing boss predicts Covid will cause collapse of big US airline

The Telegraph  

The boss of Boeing has predicted coronavirus will put one of America's major airlines out of business as he continued to talk down the aviation sector’s near-term future. The prediction came despite America’s 10 largest airlines applying for US government support through a $25bn bailout scheme. He also made another gloomy assessment of demand for air travel over the summer: …

Airlines will be cutting jobs this fall. Waiting until then poses a big problem
4 years, 7 months ago

Airlines will be cutting jobs this fall. Waiting until then poses a big problem

CNN  

New York CNN Business — US airline workers have been largely spared from the carnage that’s pushed the country’s unemployment to record highs since the start of the coronavirus pandemic. Southwest CEO Gary Kelly said on CNN this week that the carrier is going to do “everything that we can to preserve jobs.” But he pointed out that the federal …

60 million European jobs are at risk from coronavirus
4 years, 8 months ago

60 million European jobs are at risk from coronavirus

CNN  

London CNN Business — Nearly 60 million jobs across the European Union and the United Kingdomare at risk from the coronavirus pandemic, according to McKinsey. McKinsey estimates that one in four jobs across the European Union and the United Kingdom are at risk of a reduction in hours or pay, temporary furloughs or permanent layoffs. The European Union’s coronavirus relief …

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