Company layoffs thread 2020/coronavirus recession layoffs

[snoww]

Tesla also going to forlough 75% of its factory employees 

[snoww]

Ford CEO Jim Hackett notified all employees in writing Thursday morning that the company would freeze executive pay and stall employee merit raises as part of a push to strengthen Ford's financials and prevent job cuts amid the virus crisis.

"We have taken significant actions to reduce costs and to fortify our balance sheet and cash position in this unprecedented situation. These include suspending the dividend paid to shareholders and accessing our credit lines for more than $15 billion in additional cash," he wrote in an email marked 8:30 a.m. "Candidly, though, we need to do much more given the sharp drop-off in demand for new vehicles and the shutdown of our plants worldwide."

Be prepared 

He told workers to prepare for specific "cost-reduction decisions" that would affect everybody.

"Sacrifice starts at the top. That is why the top 300 Ford senior executives will defer 20 to 50% of their salaries for at least five months starting May 1," Hackett wrote. "Bill Ford has decided to defer his entire salary for this period."

[acuman]

Hotel, tourism and airlines. what else?

[sri_india]

2 minutes ago, acuman said:

Hotel, tourism and airlines. what else?

What not???

[AndhraneedSCS]

12 minutes ago, acuman said:

Hotel, tourism and airlines. what else?

automobiles  and oil industry.. and mostly insurance next .. followed by financial (if it goes through end of year)

[LazyRohit]

Retail too

[RunRaajaRun123]

AA dallas puram lo 500 contractors fire the fired

[RunRaajaRun123]

Friend compnay lo most contractors fired

[snoww]

1 hour ago, acuman said:

Hotel, tourism and airlines. what else?

Except grocery stores likes walmart, costco. All other sectors will be affected at some level 

[Spartan]

i think most of the companies will hold off until Year end not announce firing...talking about drastic cuts of FTE's..

sad as always contractors will be first in line to go...

but tondarga recover ayye chance undi unlike 2008.

[nightcrawler]

On 3/21/2020 at 10:18 PM, soodhilodaaram said:

nothing will happen,  it wil l be bad quarters and there may be some reorgs and 10% layoffs but not substantial enough to have a thread

Sure you will take these words back 

[nightcrawler]

2 minutes ago, Spartan said:

i think most of the companies will hold off until Year end not announce firing...talking about drastic cuts of FTE's..

sad as always contractors will be first in line to go...

but tondarga recover ayye chance undi unlike 2008.

Year end varaku wait chesthe great 

[Vaampire]

2 minutes ago, Spartan said:

i think most of the companies will hold off until Year end not announce firing...talking about drastic cuts of FTE's..

sad as always contractors will be first in line to go...

but tondarga recover ayye chance undi unlike 2008.

No man. I think 2008 was much better. Airlines, tourism anni back to normal ravadaniki enni years paduthundo teliyadu. 2008 lo janam daggara dabbulu levu. Dabbulu raganey anni normal ayyayi. 
ippudu bayam undi. Adhi podaniki enni years paduthundo. 
 

restuarants, function halls aithey inka assamey

[tacobell fan]

Just now, Vaampire said:

No man. I think 2008 was much better. Airlines, tourism anni back to normal ravadaniki enni years paduthundo teliyadu. 2008 lo janam daggara dabbulu levu. Dabbulu raganey anni normal ayyayi. 
ippudu bayam undi. Adhi podaniki enni years paduthundo. 
 

restuarants, function halls aithey inka assamey

eedu telling until end of 2021 to get the economy back to Normal. 

 

[Vaampire]

Just now, tacobell fan said:

eedu telling until end of 2021 to get the economy back to Normal. 

 

End of 2021 antey kooda 2 years annatey kada.

 

corona virus is just a start. Naaku telusi china has bigger stake.  European companies lo shares baaga konnaru anta. All countries stock markets assam but china is in decent position. Corona virus issue solve ayyesariki all countries china mundu bend avuthayi anipisthundi