Thousands of job cuts at blue-chip firms a warning sign for global recovery
30 September 2020 - 17:18
Washington/New York — Tens of thousands of job cuts announced by blue-chip companies in the past 24 hours are a warning sign for the world’s recovery and emerge just ahead of two key reports forecast to show limited progress in the US labour market.
In one of the biggest layoff announcements since the pandemic caused widespread economic shutdowns, Walt Disney said on Tuesday it is slashing 28,000 workers in its slumping US resort business...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.