Department store JC Penney announced that it would shutter 152 stores and lay off 1,000 jobs in corporate and field management on July 15. The company filed for bankruptcy in May and furloughed thousands in April.

jc penney 1967

The clearance section in a JC Penney store.

Business Insider/Jessica Tyler


Source: Reuters, Business Insider

PVH Corp, the company that owns Calvin Klein and Tommy Hilfiger among other brands, announced that it is shuttering 162 stores and cutting 450 jobs, or 12% of its workforce, on July 14.

Calvin Klein

A Calvin Klein advertisement.

Photo by Noam Galai/Getty Images


Source: Business Insider

On July 9, Bloomberg Law reported that Wells Fargo is preparing to cut thousands of jobs out of its 263,000-person workforce.

Wells Fargo

A Wells Fargo ATM bank.

Robert Alexander/Getty Images


Source: Reuters, Bloomberg Law

Walgreens said it plans to cut 4,000 jobs on July 9, after reporting a $1.7 billion loss in the third quarter.

FILE PHOTO: A shuttered Walgreens pharmacy store is seen during the coronavirus outbreak in Times Square in Manhattan in New York City, New York, U.S., March 20, 2020. REUTERS/Mike Segar/File Photo

A shuttered Walgreens location in New York City.

Reuters


Source: Bloomberg, Business Insider

On July 8, United Airlines said it would issue layoff and furlough notices to 36,000 employees — more than a third of its entire workforce — including 15,000 flight attendants and 2,250 pilots.

United Airlines

A United Airlines check-in counter in Atlanta.

David Goldman/AP Photo


Source: Business Insider

Levi’s, the denim company, announced on July 7 it was slashing 700 jobs. The cuts account for 15% of its total workforce.

Sears Levis

A Levi’s display.

Shoshy Ciment/Business Insider


Source: Business Insider

While Macy’s furloughed the majority of its workforce in March, it announced it would lay off about 3,900 corporate workers on June 25.

Northgate Mall Macys

A Macy’s storefront in a Seattle mall in July 2019.

Irene Jiang / Business Insider


Source: Business Insider

HSBC, Europe’s biggest bank, announced plans to cut 35,000 jobs — or 15% of its global workforce — across the US and Europe on June 17.

FILE PHOTO: A woman wearing a protective face mask walks past a logo of HSBC bank at the financial and business district of La Defense near Paris as France begun a gradual end to a nationwide lockdown due to the coronavirus disease (COVID-19), May 11, 2020. REUTERS/Gonzalo Fuentes

A woman walks past an HSBC bank amid the coronavirus pandemic in Paris, France on May 11, 2020.

Reuters


Source: Business Insider, Wall Street Journal

On June 16, a union representing AT&T employees said the wireless carrier will lay off 3,400 and shut down more than 250 stores.

AT&T

People walk past the AT&T store in New York’s Times Square, June 17, 2015.

Brendan McDermid/Reuters


Source: Business Insider

Hilton Hotels announced it is laying off 2,100 corporate employees on June 16, amounting to 22% of its corporate workforce.

FILE PHOTO: The logo of Hilton hotel is seen in Batumi, Georgia, May 2, 2016. REUTERS/David Mdzinarishvili/File Photo

The Hilton Hotel in Batumi, Georgia in 2016.

Reuters


Source: CNN

Chevron, the second-largest oil producer in the US, announced that it will cut 10% to 15% of its 45,000 global workforce on May 27.

FILE PHOTO: A Chevron gas station sign is pictured at one of their retain gas stations in Cardiff, California October 9, 2013. REUTERS/Mike Blake

A Chevron gas station sign is shown at one of their retain gas stations in Cardiff, California.

Reuters


Source: Reuters

Boeing said it would lay off nearly 7,000 employees on May 27. The company initially announced that it would cut about 10% of its workforce on April 29. The company had 143,000 workers at the beginning of the year.

FILE PHOTO: Workers enter the Boeing Renton Factory as commercial airplane production resumes following a suspension of operations last month in response to the coronavirus pandemic as efforts continue to help slow the spread of the coronavirus disease (COVID-19) in Renton, Washington, U.S. April 21, 2020.  REUTERS/Jason Redmond

Workers enter the Boeing factory in Renton, Washington on April 21, 2020, as commercial airplane production resumes following a suspension of operations in response to the coronavirus pandemic.

Reuters


Source: Business Insider, Business Insider

IBM will eliminate “several thousand jobs” as of May 22, mainly in the company’s technology-services division. Cuts come a month after new CEO Arvind Krishna withdrew IBM’s financial outlook amid economic uncertainty caused by the pandemic.

ibm ceo Arvind Krishna

IBM CEO Arvind Krishna.

Photo by Brian Ach/Getty Images for Wired


Source: Business Insider

Weeks after ride-hailing giant Uber announced it is cutting 3,700 jobs (14% of its workforce), CEO Dara Khosrowshahi announced on May 18 that he will cut 3,000 additional jobs and close 45 offices.

Dara Khosrowshahi Uber Reuters

Uber CEO Dara Khosrowshahi.

Carlo Allegri/Reuters


Source: Business Insider, WSJ

Airbnb announced it is laying off about 25% of its workforce, or 1,900 employees, on May 5. Its severance package includes several months’ pay, a year of healthcare, and support finding a new job.

FILE PHOTO: A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco, California, U.S., August 2, 2016.  REUTERS/Gabrielle Lurie

A woman talks on the phone at the Airbnb office headquarters in San Francisco.

Reuters


Source: Business Insider

Richard Branson’s Virgin Atlantic announced it would cut 3,150 jobs on May 5, in addition to retiring its iconic Boeing 747-700 planes a year early.

Virgin Atlantic Boeing 747

Virgin Atlantic Boeing 747-700.

Louis Nastro/Reuters


Source: Business Insider

In a leaked May 4 memo, United Airlines said it expects to lay off at least 30% or some 3,400 employees on its administrative staff on October 1.

United Airlines

United Airlines planes at George Bush Intercontinental Airport in Houston.

ASSOCIATED PRESS


Source: Business Insider, Chicago Tribune

Ride-hailing company Lyft is laying off 982 employees and furloughing another 288, accounting for 17% of the company’s workforce. The company made the announcement on April 29 and added that other cost-cutting measures include pay cuts for executive leadership.

FILE - In this July 9, 2019, file photo a Lyft ride-share car waits at a stoplight in Sacramento, Calif. Ride-hailing service Lyft's annual loss more than doubled last year to over $2.6 billion, but the company claimed progress as revenue jumped 68% and ridership grew. (AP Photo/Rich Pedroncelli, File)

A Lyft ride-share car waits at a stoplight in Sacramento, California in July 2019.

Associated Press


Source: Business Insider

On April 28, online travel company TripAdvisor announced it was laying off more than 900 of its employees, amounting to a quarter of its workforce.

tripadvisor

A TripAdvisor sign on a storefront, a ubiquitous site at tourist spots around the world.

Shutterstock


Source: Business Insider

Hertz said it plans to lay off 10,000 employees on April 20. The car rental company previously employed 38,000 people.

FILE PHOTO: The logo of the American car rental company Hertz is seen at the Nantes-Atlantique airport in Bouguenais near Nantes, western France, April 7, 2016.  REUTERS/Stephane Mahe

A sign displaying the Hertz logo.

Reuters


Source: Reuters

On April 12, a union representing workers at Walt Disney World said the company will be furloughing 43,000 employees starting April 19. The amusement parks have been closed since March 16 and 200 essential workers will continue maintaining them.

disney world magic kingdom

Walt Disney World’s Magic Kingdom in January 2020.

AP Photo/John Raoux


Source: New York Times, Vox

On April 7, Tesla sent an email to employees saying it will furlough all nonessential workers until at least May 4, and reduce all employees’ pay by at least 10%. These cost-cutting measures are expected to start April 13.

Tesla Fremont

Tesla’s factory in Fremont, California.

David Butow/Corbis News via Getty Images


Source: Business Insider, CNBC

JCPenney has already started furloughing workers and confirmed it would continue to furlough a “significant portion” of its 85,000 employees as of April 5.

JCPenney exterior

The exterior of a JCPenney store.

Shoshy Ciment/Business Insider


Source: JCPenney, Business Insider

On April 3, Under Armour announced that it will temporarily lay off about 6,700 employees starting April 12.

Under Armour

An Under Armour store.

Alex Tai/SOPA Images/LightRocket via Getty Images


Source: Baltimore Sun

The Wing, a buzzy Instagram-ready women’s coworking company, is laying off nearly all of its hourly employees and half of its corporate staff as of April 3, according to Vice. The company confirmed the layoffs but did not elaborate on numbers. Its founders are foregoing their salaries.

The Wing, Dumbo

The Wing’s Dumbo location in Brooklyn, New York.

Sarah Jacobs/Business Insider


Source: Vice

ClassPass, the billion-dollar fitness platform, furloughed or laid off over half of its 700 employees on April 2 — 22% were laid off and 31% were furloughed.

fritz lanman ceo classpass

ClassPass CEO Fritz Lanman.

Diarmuid Greene/Sportsfile via Getty Images


Source: CNBC

On April 2, airplane manufacturer Boeing announced that it would offer a voluntary layoff plan to employees to cut costs. Those opting into the layoff plan will leave with a pay and benefits package, but the company offered no details about compensation.

boeing factory plane

A Boeing employee works on a 747-8 Intercontinental airplane at the Boeing factory in Everett, Washington.

Stephen Brashear/Getty


Source: Business Insider

Famed auction house Sotheby’s is furloughing 200 people — or 12% of its workforce —as of April 1, according to the Wall Street Journal.

art auction painting Sotheby's Lichtenstein

Sotheby’s employees carry a painting by Roy Lichtenstein called ‘Two Paintings with Dado, 1983’ during a press view at the auction rooms in London.

Kirsty Wigglesworth/AP


Source: Wall Street Journal

Sephora laid off over 3,000 employees across the US via conference call on March 31. “It is our sincerest hope that we are able to bring these employees back on staff in the near future,” Sephora said in a statement.

FILE PHOTO: People walk into a Sephora store in Times Square in the Manhattan borough of New York, New York, U.S. April 2, 2017. REUTERS/Carlo Allegri/File Photo

A Sephora store in New York City’s Times Square.

Reuters


Source: Business Insider

Macy’s CEO Jeff Gennette informed his staff via email that the company would be furloughing most of its 125,000 employees on March 30. The company only plans to have work for “the minimum number of employees necessary to maintain basic business operations” across Macy’s, Bloomingdale’s, and Bluemercury, Gennette wrote. He will stop receiving his salary, along with the rest of the board of directors.

Macy's

A Macy’s store in New York City.

REUTERS/Andrew Kelly


Source: Business Insider, CNN

Bird, the buzzy electric scooter company, laid off 30% of its staff via a Zoom call on March 27. The call lasted only around 2 minutes.

Bird Scooter

A Bird electric scooter.

Mike Blake/Reuters


Source: Business Insider

Everlane, the clothing retailer focused on ethical sourcing, laid off over 200 employees and furloughed 68 others on March 27. CEO Michael Preysman will reduce his salary to zero.

EverlaneIMG_5869

A pair of Everlane jeans.

Jessica Tyler/Business Insider


Source: Vice

ZipRecruiter laid off 443 employees and furloughed dozens more on March 27, days after CEO Ian Siegel said the billion-dollar online job-hub company was safe.

Ian Siegel ZipRecruiter

Ian Siegel founded ZipRecruiter in 2010 and serves as the company’s CEO.

ZipRecruiter


Source: Business Insider

Sonder, a billion-dollar apartment-rental startup billed as a hospitality industry disruptor, laid off or furloughed 400 people — one third of its workforce — on March 24, according to The Information.

sonder apartment nyc

A Sonder apartment in New York City.

Katie Warren/Business Insider


Source: The Information

 

GE announced that it will be reducing approximately 10% of its aviation unit’s workforce, amounting to about 2,500 employees, on March 23. It also announced a three month furlough impacting 50% of its maintenance and repair employees. GE CEO Larry Culp will forgo his salary for the rest of the year, while GE Aviation CEO David Joyce will give up half of his salary.

General Electric GE Aviation

The logo of General Electric is shown at its subsidiary company GE Aviation in Santa Ana, California on April 13, 2016.

Mike Blake/Reuters


Source: GE, Wall Street Journal

According to the Washington Post, at least 200 workers across President Trump’s hotels in Washington DC, New York City, and Las Vegas were laid off as of March 20. Other Trump properties, like Palm Beach’s Mar-a-Lago, have temporarily closed.

Mar a Lago

A police boat patrols in front of U.S. President Donald Trump’s Mar-a-Lago estate in Palm Beach, Florida, U.S., February 17, 2019.

Kevin Lamarque/Reuters


Source: Washington Post, Business Insider

Marriott International, the world’s largest hotel company, said it has started to furlough what could amount to tens of thousands of employees on March 17. Furloughs, as opposed to layoffs, occur when employees are required to take an unpaid leave of absence. Arne Sorenson, the president and CEO, announced that his own salary will be suspended for the rest of the year and senior executives’ salaries will be reduced by 50%.

Arne Sorenson - Marriott CEO

Arne Sorenson at a meeting with President Donald Trump discussing the economic response to the coronavirus outbreak on March 17, 2020.

Drew Angerer/Getty Images


Source: Wall Street Journal, Business Insider, Business Insider

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