SWFI Daily Layoffs Briefing, April 9, 2020
Posted on 04/09/2020
These layoffs are related to the economic impact of the coronavirus pandemic.
Volkswagen
Volkswagen AG plans to furlough workers at a Tennessee auto plant starting April 11, 2020.
Nissan
Nissan manufacturing facilities in the U.S. are closed through late April 2020. These plans impact employees mostly in Tennessee and Mississippi. Nissan seeks to bring back 100% of its workers that were temporarily laid off. Over 10,000 Nissan U.S. employees are on temporary leave.
Honda
Honda plans to put half of its U.S. staff, which is over 10,000 employees, on temporary leave. The workers are in factories in Alabama and Ohio.
Redfin
Seattle-based Redfin plans to chop off 7% of its staff and furlough hundreds of agents. Redfin is cutting 41% of its field agent workforce, with a majority furloughed until September 1, 2020 and the remaining laid off. At December 31, 2020, Redfin had 3,377 total employees and had more than 1,500 lead agents. Redfin paused its home-buying business.
Zillow
Zillow Group plans to cut expenses by 25% in 2020 and freeze hiring across the company. Zillow paused its home-buying business.
Yelp
San Francisco-based Yelp, an internet-based review platform, plans to layoff or furlough at least 2,000 employees.
“Today we will let 1,000 of our colleagues go and furlough approximately 1,100 more, while reducing hours for others,” said Yelp CEO Jeremy Stoppelman in the April email. “Your department leaders will be in touch this morning to discuss how this affects you individually, and letters with more details and FAQs will follow this afternoon.”
“The impact we’ve seen on consumer behavior is staggering: interest in restaurants, our most popular category, has dropped 64 percent since March 10, and the nightlife category is down 81 percent. Gyms are down 73 percent, and salons and other beauty businesses are down 83 percent,” he wrote.
Hooters
Hooters of America LLC terminated 416 jobs at 14 corporate-owned North Carolina restaurants.
