SWFI Daily Layoffs Briefing, May 6, 2020
Posted on 05/06/2020
Here are more layoffs tied to the economic impact of the Wuhan coronavirus (COVID-19) pandemic.
Payroll provider ADP released information on its recent survey. ADP reports that private payrolls fell by more than 20 million in April 2020, its worst fall in its survey history. However, estimates were at 22 million job losses. The worst sector for job losses were from services and hospitality along with trade, transportation and utilities as well as construction.
“Job losses of this scale are unprecedented,” said Ahu Yildirmaz, co-head of the ADP Research Institute in a press release, which compiles the report in conjunction with Moody’s Analytics. “The total number of job losses for the month of April alone was more than double the total jobs lost during the Great Recession.”
Uber Technologies
San Francisco-based Uber will terminate 3,700 employees, or about 14% of its 26,900 employees. Uber CEO Dara Khosrowshahi will forgo his base salary for the rest of the year.
Airbnb
Airbnb is laying off a quarter of its staff. Airbnb would terminate about 1,900 of its 7,500 staff members.
Nutanix
San Jose, California-based Nutanix, Inc., a cloud computing company, is furloughing a total of 1,465 employees in California, representing nearly 25% of the company’s worldwide headcount,
Cardone Industries
Auto parts manufacturer Cardone Industries is terminating 183 workers from its Brownsville facility on Paredes Line Road.
Gold’s Gym International
Dallas-based Gold’s Gym International filed for financial restructuring through Chapter 11, affecting only the corporate entity. The filing is for the corporate entity and does not involve franchisees, who make up the majority of Gold’s Gym locations. Gold’s Gym International is owned by TRT Holdings.
Hand Sanitizer
The Indian government banned the export of alcohol-based sanitizers, according to a government statement.
