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Company layoffs thread 2020/coronavirus recession layoffs


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I live in Boston Trimark USA (restaurant supplies company) laid off 300 tech and 400 non-technical people, TJX hold of all the projects with Wipro,Infosys and Cognizant. So sad . 

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24 minutes ago, chandbasha said:

I live in Boston Trimark USA (restaurant supplies company) laid off 300 tech and 400 non-technical people, TJX hold of all the projects with Wipro,Infosys and Cognizant. So sad . 

TJX CTS vallu situation enti bro ippudu, FT's ni challa mandhini leppi CTS ki icharru projects and Support motham. ella undhi ippdu TJX situation ..?

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Schlumberger, the largest oilfield service company in the world, plans to cut up to 30 percent from its budget as crumbling oil prices and the coronavirus pandemic weigh on the industry.

The company also expects to layoff workers and reduce compensation as part of restructuring efforts in North America, CEO Olivier Le Peuch said at the Scotia Howard Weil Energy Conference in New Orleans.

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Hertz Global Holdings Inc. and Avis Budget Group Inc. are beginning to lay off workers to cut costs while pressing the federal government to consider including their sector in any federal assistance provided to travel-related companies.

Hertz started furloughs at midnight on March 21, Paul Stone, chief operations officer for the company’s North American operations, wrote in an internal memo. Avis is shedding staff as part of more than $400 million in annualized cost reductions announced in a statement Monday.

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Fiat Chrysler Automobiles is suspending a number of its development projects as a result of the coronavirus outbreak, putting about 2,000 employees from its subcontractors in North America on hiatus.

The move comes as FCA and other automakers have ordered a shutdown to manufacturing operations, and various states, including Michigan, have issued stay-at-home orders. The company also has remote-work arrangements in place for many other employees. 

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