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 grant money goes straight to the airlines’ employees, and doesn’t cover all of the company’s payroll between now and September 30. “So you do the math in your head and you just can’t survive that way.” Deep, permanent cuts in the well-paying jobs found across the industry are inevitable come fall, even if the economy has improved by then, because it’s clear that it will take years for air travel to return to previous levels. “Ultimately, we will likely see 95,000 to 105,000 jobs lost in the US airline industry,” said Helane Becker, airline analyst at financial services firm Cowen, in a note. United backed off and made the cut of hours voluntary instead of mandatory, although it said it might still institute mandatory cuts if there aren’t enough volunteers.

Jobs Airlines Workers Airline Cut Hours United Cuts Job Cuts  hours  waiting  airlines  workers  industry  problem  jobs  cutting  fall  cuts  poses  airline  big  united  cut  federal

History of this topic

US jobs market to be hit with massive layoffs in 2025 amid HMPV virus fears? Experts warn ‘not everyone will have….’
2 days, 21 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 …

Boeing cuts hundreds of jobs in Washington, California amid workforce reduction plan
Trending News
4 weeks, 2 days ago

Boeing cuts hundreds of jobs in Washington, California amid workforce reduction plan

Live Mint  

Boeing, one of the world's largest aerospace companies, has laid off hundreds of workers in Washington state and California as part of its previously announced plan to cut its workforce by approximately 17,000 jobs, as per Associated Press. Notices filed with state employment agencies showed the first round of cuts impacted about 3,500 people around the country, The Seattle Times …

Boeing lays off hundreds in Washington and California as part of cuts announced previously
4 weeks, 2 days ago

Boeing lays off hundreds in Washington and California as part of cuts announced previously

Associated Press  

SEATTLE — Boeing has laid off hundreds of additional employees in Washington state and California as part of planned cuts that will eventually reduce the company’s workforce by about 17,000. Nearly 400 Boeing employees were laid off in Washington state and more than 500 in California, news outlets reported Monday. Boeing has said most laid-off employees remain on payroll for …

Boeing layoffs: Hundreds in Washington and California face job losses
4 weeks, 2 days ago

Boeing layoffs: Hundreds in Washington and California face job losses

India Today  

Boeing, one of the world’s largest aerospace companies, has laid off hundreds of workers in Washington state and California as part of a larger plan to reduce its workforce, reported news agency Associated Press. These layoffs are part of Boeing’s efforts to manage financial challenges and align with its operational priorities. While the strike impacted the production of most of …

Boeing lays off hundreds in California as part of planned cuts
4 weeks, 2 days ago

Boeing lays off hundreds in California as part of planned cuts

LA Times  

Boeing has laid off hundreds of employees in California as part of planned cuts. Boeing has laid off hundreds of additional employees in Washington state and California as part of planned cuts that will eventually reduce the company’s workforce by about 17,000. Nearly 400 Boeing employees were laid off in Washington state and more than 500 in California, news outlets …

Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production
2 months, 4 weeks ago

Boeing will lay off 10% of its employees as a strike by factory workers cripples airplane production

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Boeing plans to lay off …

Boeing will lay off 10% of employees as a strike shuts down airplane production
2 months, 4 weeks ago

Boeing will lay off 10% of employees as a strike shuts down airplane production

NPR  

Boeing will lay off 10% of employees as a strike shuts down airplane production toggle caption Lindsey Wasson/AP Boeing plans to lay off about 10% of its workers in the coming months, about 17,000 people, as it continues to lose money and tries to deal with a strike that is crippling production of the company’s best-selling airline planes. Industry analysts …

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 …

Cisco layoffs: Thousands to lose jobs as company focuses on ‘high-growth’ areas
10 months, 4 weeks ago

Cisco layoffs: Thousands to lose jobs as company focuses on ‘high-growth’ areas

Hindustan Times  

Amid the recent layoffs by multiple tech and retail giants, Cisco has also decided to cut jobs. Cisco announces its decision to lay off thousands of employees Cisco to layoff thousands of employees as part of its restructuring plans The outlet adds that while the company has announced its layoffs, it is yet to decide the number of employees that …

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 …

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 …

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 …

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 …

Jet Airways relaunch hits turbulence: CEO confirms salary cut, leave without pay
2 years, 1 month ago

Jet Airways relaunch hits turbulence: CEO confirms salary cut, leave without pay

Hindustan Times  

Once a celebrated airline, Indian carrier Jet Airways has hit another roadblock ahead of its relaunch, leaving many of its employees with reduced salaries and on leave without pay. ‘Team working to revive’ Clearing the air about numbers and figures circulating on the internet, Kapoor said that only a small portion of the total employees – less than 10 per …

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 …

American plagued by major flight cancellations for 4th day
3 years, 2 months ago

American plagued by major flight cancellations for 4th day

Associated Press  

DALLAS — American Airlines struggled to fix its operation Monday but still canceled more than 400 flights as disruptions caused by staffing shortages at the big carrier continued for a fourth straight day. “Flight attendant staffing at American remains strained and reflects what is happening across the industry as we continue to deal with pandemic-related issues,” said Paul Hartshorn Jr., …

American Airlines Cancels Over 1200 Flights Due to Staff Shortage and Bad Weather
3 years, 2 months ago

American Airlines Cancels Over 1200 Flights Due to Staff Shortage and Bad Weather

News 18  

American Airlines has had to cancel hundreds of flights this weekend due to staffing shortages triggered by weather-related disruptions, according to FlightAware data on Saturday. The website, which tracks delays and cancellations in the US skies, showed that American Airlines cancelled more than 800 flights on Friday and Saturday and expects more than 400 cancellations on Sunday. American Airlines CEO …

A year after slashing staff, airlines are getting ready for a hiring binge
3 years, 7 months ago

A year after slashing staff, airlines are getting ready for a hiring binge

CNN  

New York CNN Business — The latest sign of air travel returning to normal is the two words being repeated at most of the nation’s major airlines: Help wanted. “I think the current carriers are eager to get as many flights back in the air as possible,” said Sara Nelson, president of the Association of Flight Attendants, one of the …

Deeper job cuts at Boeing as COVID-19 pandemic throttles air travel
4 years, 2 months ago

Deeper job cuts at Boeing as COVID-19 pandemic throttles air travel

LA Times  

Boeing will cut more jobs as it continues to bleed money and its revenue fades during a pandemic that has smothered demand for new airline planes. Boeing has been whipsawed by a drop in revenue after its 737 Max was grounded in March 2019 following two deadly crashes, and then a pandemic that has caused air travel to plunge and …

Airline furloughs begin as federal pandemic relief expires
4 years, 3 months ago

Airline furloughs begin as federal pandemic relief expires

Associated Press  

U.S. airlines began furloughing more than 32,000 employees on Thursday after a federal prohibition on job cuts expired. American Airlines and United Airlines said that they could reverse the furloughs if Congress and the White House quickly agree to provide billions more in taxpayer help to the embattled airline industry. The White House included $20 billion for airlines in a …

United Plans 16,000 Furloughs As Airlines Cut Jobs During Pandemic Downturn
4 years, 4 months ago

United Plans 16,000 Furloughs As Airlines Cut Jobs During Pandemic Downturn

NPR  

United Plans 16,000 Furloughs As Airlines Cut Jobs During Pandemic Downturn Enlarge this image toggle caption Daniel Slim/AFP via Getty Images Daniel Slim/AFP via Getty Images United Airlines will be putting 16,370 workers on involuntary, indefinite furlough at the start of October unless more aid materializes from the federal government, the company announced Wednesday. American Airlines recently announced 19,000 furloughs …

In a week of layoffs in the US, MGM Resorts adds 18,000 more
4 years, 4 months ago

In a week of layoffs in the US, MGM Resorts adds 18,000 more

Associated Press  

MGM Resorts is laying off 18,000 people as an unchecked pandemic leaves economic scars across a broad swath of U.S. industries, particularly those that rely on healthy crowds of people. The layoffs at MGM, which amount to about a quarter of its U.S staff of about 70,000, caps a wave of job cuts and buyouts this week across a broad …

American Airlines to Shrink 30 Percent of Its Workforce in October After Federal Stimulus Ends
4 years, 4 months ago

American Airlines to Shrink 30 Percent of Its Workforce in October After Federal Stimulus Ends

News 18  

American Airlines warned Tuesday it will lay off around 19,000 workers on October 1 after federal aid expires unless lawmakers vote to give beleaguered US carriers more money. “Approximately 19,000 of our team members will be involuntarily furloughed or separated from the company on October 1," American said in a memo signed by Chief Executive Doug Parker and President Robert …

American Airlines to cut 19,000 jobs when federal aid runs out in October
4 years, 4 months ago

American Airlines to cut 19,000 jobs when federal aid runs out in October

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy American Airlines announced it …

UW System administration announces layoffs, other cuts
4 years, 4 months ago

UW System administration announces layoffs, other cuts

Associated Press  

MADISON, Wis. — University of Wisconsin System administration will lay off an untold number of employees over the next two years as part of $10 million in cuts that interim President Tommy Thompson announced Tuesday. Tony Evers has ordered a $250 million budget cut to all state agencies, including UW, but the actual amount the university will take is still …

More Than 6,000 Employees Take Voluntary Redundancy as British Airways Decides to Cut 12,000 Jobs
4 years, 5 months ago

More Than 6,000 Employees Take Voluntary Redundancy as British Airways Decides to Cut 12,000 Jobs

News 18  

British Airways said on Friday it was making progress with its plan to cut 12,000 jobs to help it shrink as a result of the pandemic, with more than 6,000 employees deciding to take voluntary redundancy. The pandemic has hit air travel hard and British Airways says demand won’t recover for years. While Unite says the pay cuts are as …

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 …

American Airlines warns 25,000 workers they could lose jobs
4 years, 5 months ago

American Airlines warns 25,000 workers they could lose jobs

Associated Press  

DALLAS — American Airlines is notifying about 25,000 workers that their jobs could be eliminated in October because of plunging demand for air travel, adding to the toll that the virus pandemic is taking on the airline industry. American’s top executives said Wednesday that the number of furloughs could be lower if enough workers take buyouts or accept partially paid …

Rising US job losses stir fears of lasting economic damage
4 years, 7 months ago

Rising US job losses stir fears of lasting economic damage

Associated Press  

WASHINGTON — The coronavirus crisis threw at least 2.1 million Americans out of work last week despite the gradual reopening of businesses around the country, stoking fears Thursday that the scourge is doing deep and potentially long-lasting damage to the U.S. economy. The latest job-loss figures from the U.S. Labor Department bring to 41 million the running total of Americans …

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 …

American and Delta are preparing for potentially massive layoffs
4 years, 7 months ago

American and Delta are preparing for potentially massive layoffs

CNN  

New York CNN Business — Plummeting demand for travel has forced two major US carriers — Delta Air Lines and American Airlines — to gut their workforces through voluntary exit programs and layoffs. “A more efficient leadership team begins at the top, and we are restructuring all levels around key future leaders and functions, beginning with our officer team,” the …

Boeing lays off nearly 7,000 workers
4 years, 7 months ago

Boeing lays off nearly 7,000 workers

CNN  

New York CNN Business — Boeing laid off 6,770 workers Wednesday, part of a plan to reduce 16,000 total jobs because of the rapid decrease in air travel during the Covid-19 pandemic. “We have come to the unfortunate moment of having to start involuntary layoffs,” CEO Dave Calhoun said in a message to employees Wednesday. “I wish there was some …

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: …

Realty players fear pay cuts, job losses as lockdown hits revenue; say govt's relief package for sector to minimise damage
4 years, 8 months ago

Realty players fear pay cuts, job losses as lockdown hits revenue; say govt's relief package for sector to minimise damage

Firstpost  

Realty sector is the second-largest employer after agriculture and provides for both blue and white collar jobs, said CREDAI chairman Jaxay Shah said. New Delhi: Real estate sector, which is estimated to incur a loss of over Rs 1 lakh crore due to nationwide lockdown, is likely to see pay cuts and job losses as cash-strapped builders will look to …

Airlines will offer fewer choices and higher fares after the coronavirus crisis
4 years, 9 months ago

Airlines will offer fewer choices and higher fares after the coronavirus crisis

CNN  

New York CNN Business — The US airline industry is about to get smaller. “Fewer seats flying means fewer cheap seats at the margin,” Philip Baggaley, chief credit analyst for airlines for S&P Global. Less choices for passengers This coronavirus crisis is so much more severe than past downturns in the industry that there’s a good chance there could be …

18% of U.S. workers have lost jobs or hours since coronavirus hit, poll finds
4 years, 9 months ago

18% of U.S. workers have lost jobs or hours since coronavirus hit, poll finds

LA Times  

With many businesses closed, traffic was light on Grand Avenue in downtown Los Angeles on Sunday afternoon. As fallout from the coronavirus pandemic hits the economy, it’s slamming the American workforce: Some 18% of adults reported that they had been laid off or that their work hours had been cut, a new poll found. The proportion affected grew for lower-income …

Coronavirus flight cuts could extend until summer. Airlines call for $58 billion in aid
4 years, 9 months ago

Coronavirus flight cuts could extend until summer. Airlines call for $58 billion in aid

LA Times  

Responding to new government travel restrictions and plunging demand, U.S. carriers plan to slash flight capacity by up to 75% on international routes and as much as 30% on domestic flights, with cuts projected to last until summer. The growing coronavirus outbreak also prompted a trade group that represents the U.S. airlines to call on the federal government to provide …

Airlines Request $50 Billion Bailout In Face Of Near-Standstill
4 years, 9 months ago

Airlines Request $50 Billion Bailout In Face Of Near-Standstill

NPR  

Airlines Request $50 Billion Bailout In Face Of Near-Standstill Airlines asked for a $50 billion federal bailout as air travel comes to a near halt. An industry group says the sudden drop is "having an unprecedented and debilitating impact on U.S. ARI SHAPIRO, HOST: Airlines are hoping Congress helps them weather the coronavirus epidemic. Calio says the airlines employ 750,000 …

Jet Airways issues gag order over 20,000 employees, cautions talking to media will affect bidding process
5 years, 8 months ago

Jet Airways issues gag order over 20,000 employees, cautions talking to media will affect bidding process

Firstpost  

The grounding of India’s oldest private airline company sent shock waves among its 20,000-odd employees, of whom Jet Airways owes over three months salaries to 15 percent of the staff. The management of Jet Airways has reportedly asked thousands of its disgruntled employees to not speak to any outsider including their media about their problems as it may affect the …

Discover Related