Tag: coronavirus
Uber will lay off 3,700 full-time employees
Uber plans to lay off 3,700 full-time employees, it revealed in a filing with the Securities Exchange Commission today. That represents about 14 percent of its 26,900 employees, CNBC notes.“Due to lower trip volumes in its Rides segment and the Compa… Source
Read More
Uber is laying off 3,700, as rides plummet due to COVID-19
In an SEC filing dating back to last week, Uber disclosed that plans to layoff 3,700 employees. The figure amounts to around 14% percent of the ride hailing giant’s total workforce. In the document, the company states that the job loss is part of a planned reduction in operating expenses,…
Read More
A worker at Amazon’s New York City fulfillment center is dead from COVID-19
Earlier this week, Amazon informed staff members at its Staten Island fulfillment center that a worker had died from COVID-19. The news was first noted by The Verge. The employee began to exhibit symptoms in early April, before being placed on quarantine April 11. He never returned to the site.…
Read More
The rise of the human-centric CEO
Romeen Sheth Contributor Romeen Sheth is president of Metasys, a workforce-management firm based in Atlanta. Steve Schlafman Contributor Steve Schlafman is founder, coach and angel investor at High Output, a boutique leadership-development company based in NYC. Peacetime CEO/Wartime CEO by Ben Horowitz is one of the most commonly cited management…
Read More
Unpacking why Wayfair’s stock popped 23.7% today
In the midst of the day’s news chaos both political and business-oriented, you might have missed Wayfair’s big moment: In regular trading today, shares of the online home goods retailer shot 23% higher. It was an eye-catching gain during a period when the domestic economy is troubled, unemployment is rising and…
Read More
A security expert says India’s contact-tracing app has flaws; New Delhi says they are ‘by design’
The Indian government has said that its contact-tracing app Aarogya Setu “by design” fetches the location data of its 90 million users and allows them to view the concentration of people who have tested positive for the coronavirus in their vicinity. New Delhi issued the statement after France-based security researcher…
Read More