Many companies are planning to fire their employees because of the Pandemic. Disney, Allstate, and two other major airlines are planning to fire about 60,000 workers recently because there is no Federal aid package to be stimulating in the economy. In early spring, about 22 million jobs had people out of jobs, but in May and June, the economy rebounded with stimulus money and really low-interest rates. In another report, it is seen that 787,000 people filled for jobless benefits last week, which is lower than the previous weeks.
United Airlines and American Airlines gave about 30,000 furloughs after Thursday because Congress could not come with Fresh Aid for the industry. Allstate said that they were going to layoff 3,800 employees so that they could reduce costs. That 3,800 is 8% of the total employees that they had by the end of 2019. Disney said that they were planning the eliminate up to 28,000 jobs as the theme parks in Florida and California. At first, the workers had been on furlough, but after Disney saw the uncertainty of COVID, they decided to remove jobs for the time being. Even though some areas in the entertainment and food industry have opened, hotels are really lagging behind.
Next year, it is sure for us to get the vaccines. Since there have been many jobs eliminated, do you think when we graduate, it will be easier for us to get jobs because there will be jobs available?
https://www.nytimes.com/2020/10/01/business/economy/layoffs-unemployment-claims.html
No comments:
Post a Comment