Coronavirus retail: Levi Strauss cuts 700 corporate jobs
Levi Strauss, jolted by coronavirus-linked shutdowns of its retail stores, has decided to chop 700 corporate jobs, the legendary maker of denim jeans said Tuesday.“The second-quarter results highlight the difficult external environment we’ve been navigating the last several months,” Chip Bergh, Levi Strauss president and chief executive officer, said in an email distributed Tuesday to employees.San Francisco-based Levi Strauss lost $364 million in its second fiscal quarter, which ended in late May, compared with a profit of $29 million for the year-ago second quarter, the company reported.Reve...
The Mercury News
Nordstrom makes sharp staff cuts as it grapples with pandemic
SEATTLE — Nordstrom is laying off thousands of workers, including a large number from its corporate operations in Seattle, as it copes with pandemic-related losses, according to a former employee and reports in a trade journal.A Nordstrom spokesperson acknowledged Monday that the Seattle-based retailer is “realigning and reducing our workforce to support our market strategy,” without giving any specifics.But a veteran Nordstrom worker who had just been laid off from a corporate unit in Seattle said Tuesday the retailer had cut 6,000 jobs nationally in June. The worker’s division lost around 30...
The Seattle Times
Boeing rival Airbus will cut 15,000 jobs as aviation's pandemic crisis worsens
Airbus said Tuesday it needs to cut 15,000 jobs — or 17% of its commercial jet workforce — within the next year in response to the COVID-19 crisis that has devastated the airline business.“Airbus is facing the gravest crisis this industry has ever experienced,” said Airbus CEO Guillaume Faury. “The measures we have taken so far have enabled us to absorb the initial shock of this global pandemic. Now, we must ensure that we can sustain our enterprise … adjusting to the overwhelming challenges of our customers.”The company said after an “in-depth analysis of customer demand,” it does not expect ...
The Seattle Times
Mets lay off 25 employees, including some ticket-office workers with decade-plus of experience
NEW YORK — The Mets laid off 25 employees last week, a source with knowledge of the situation told the Daily News on Tuesday. None of the layoffs included members in baseball operations.As the club looked to cut costs amid the coronavirus pandemic, some of the individuals who received pink slips included ticket office employees with 10-15 years of experience. Fans will not be permitted inside Citi Field during the 2020 season, but that is subject to change depending on the evolving COVID-19 situation.Mets COO Jeff Wilpon told his remaining staff that if Major League Baseball can carry out its ...
New York Daily News
Coronavirus pandemic job losses falling hardest on people who were already hurting
SEATTLE — Before the pandemic shut down much of the economy, Logan Madangure had come to see Seattle as a city of opportunity.Although the 24-year-old Zimbabwean native arrived in Seattle three years ago with only a high-school education and has struggled with the city’s high living costs, he had little trouble finding jobs, often several at a time, in the bustling hospitality sector.That changed abruptly in March, when Madangure’s employer, a local cruise company he declined to name, temporarily closed. Now, Madangure doesn’t know if his job as an onboard bartender will return, or where his f...
The Seattle Times
Alaska Air will cut thousands of jobs and shrink to survive coronavirus-induced downturn
SEATTLE — Alaska Airlines projects a slow recovery from the rapid decline in air travel caused by the coronavirus pandemic, and it’s preparing to shed as many as 3,000 jobs next year from its 23,000-strong work force.“Things will likely not go back to pre-COVID levels in the next 12 months,” said Alaska Air Group President Ben Minicucci in a video interview. “We see a smaller company in 2021. We see a smaller industry, in fact. We think we’ll be smaller by about 3,000 people.”In April, the government provided Alaska $992 million in relief aid as it doled out payroll-protection grants and loans...
The Seattle Times
Bryce Miller: PGA Tour, Jim Nantz eye opportunity as golf returns from layoff
Golf is poised to tinker and test, like a caffeinated scientist in a lab coat hustling from beaker to Bunsen burner.For five weeks, the PGA Tour will be played without fans because of lingering coronavirus concerns. Putts will fall amid the broader conversation of the Black Lives Matter movement. As the country navigates unprecedented times, golf sniffs opportunity.When the Tour shakes off three months’ worth of global pandemic cobwebs this weekend at the Charles Schwab Challenge in Fort Worth, Texas, it’s keenly aware a national audience salivating for live sports awaits.“This is a wonderful ...
The San Diego Union-Tribune
Trump signs bill updating forgivable loans program for small businesses
WASHINGTON — President Donald Trump on Friday signed into law a new version of the small business loan program known as PPP.The new law, called the Paycheck Protection Program Flexibility Act, reshaped the forgivable loans Congress created in late March as the coronavirus pandemic forced many businesses to shut down and layoff workers.It now lets businesses qualify for loan forgiveness up to $10 million if they meet certain criteria. And it extended the period in which business can spend funds in order to have them forgiven.As well, Businesses forced to shut down during the pandemic now have m...
Star Tribune (Minneapolis)
Royals won't lay off or furlough baseball operations employees despite MLB uncertainty
KANSAS CITY, Mo. — With unemployment nationwide reaching historic levels and the professional sports landscape at a relative standstill, Kansas City Royals ownership and management have taken steps to avoid layoffs and furloughs amid Major League Baseball’s uncertain future.Royals general manager Dayton Moore confirmed an ESPN report Friday afternoon that the club has opted to institute tiered pay cuts at the upper levels of executive pay, including Moore’s salary, to avoid cutting employees.All 30 MLB franchises have taken steps to address revenue losses due to the ongoing COVID-19 coronaviru...
The Kansas City Star
Miami Hurricanes athletic department makes tough financial decision in midst of pandemic
Faced with a budget crunch because of the coronavirus pandemic, the University of Miami athletic department is sending many of its employees on brief furloughs, according to two sources briefed on the situation.One source said UM athletic department employees have been told to take two weeks off — unpaid — in June or July.UM declined to comment on the matter or say whether any coaches have been asked to take pay cuts. But a source said there has been no indication that Hurricanes coaches have been asked to take pay cuts.UM president Julio Frenk said on May 22 that the school would lay off empl...