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The latest organization to take a hit due to COVID-19 is the startup for home rentals – Airbnb. In a statement released by the organization, it revealed about job cuts for about 25% of its employees or about 1,900 employees. The home rental startup said with the global travel being standstill due to coronavirus, the business has been hit hard. The internal memo also talked about the revenue forecast for 2020 to be less than half of what the company earned in 2019.
In a positive response to the deadly coronavirus, the US Hispanic Chamber of Commerce (USHCC) along with Wells Fargo amplified the program they created to help small businesses grow. The announcement about the expansion of the Avanzar Small Business Accelerator program was made on 27 April 2020. The Avanzar program would track performance metrics including jobs created, access to capital, and contract opportunities.
In a recent notice issued by Qatar Airlines, it was stated the airline plans to cut a substantial amount of jobs due to travel disruptions caused by a deadly coronavirus. The notice didn’t reveal how many jobs would be cut. Additionally, Qatar Airway’s spokesperson was also not available for comment.
According to the internal statement by United Airlines Holdings Inc., the airline plans to cut about 30% of its managerial and administrative jobs in October 2020. The airline company that braces for a prolonged travel slump due to COVID-19 says it is about to slash 3, 500 positions. The statement also revealed that management and administrative employees should take about 20 days to leave without pay between 16 May and 30 September.
In the latest development on the inclusion front, the Recording Academy, the organization that organizes Grammy Awards has continued with the recommended steps toward inclusion with the appointment of a woman in a position as a chief diversity officer. Valeisha Butterfield Jones would start with her stint from 11 May 2020.
According to the Citigroup report published on 29 April 2020, revealed the reasons for senior-levels professionals vary from man to woman. In the report published, Citigroup threw light on the fact women at senior-level tend to focus on things related to leadership and the company, while their male counterparts in a similar position tend to focus on building their relations with the managers.
The latest report by Hired’s State of Remote Work 2020, threw light on how pandemic-driven disruptions have made almost half of the North American tech talent more interested in remote working as compared to before the pandemic hit the world. The survey featured about 2,200 tech workers from about 300 companies and was released on 28 April 2020. According to the survey, there are just 5% of professionals who revealed their lack of interest in remote working.
In a recent development related to coronavirus, Ryanair Holdings Plc would slash about 3, 000 jobs. The airline also said it would challenge about 30 billion euros ($33billion) in state aid that were distributed to save the airline’s European competitors. Ryanair adds on to the piling employment toll that includes 12,000 cuts at British Airways and 5,000 at SAS AB. The reductions in the job cuts would represent about 15% of Ryanair’s workforce and would include pilots and cabin crew.
According to a recent survey done by Asana – a work management software firm – about 53% (more than half) of knowledge workers revealed they lacked a dedicated workspace, personal computer, or laptop including a reliable internet connection. The survey results were released on 29 April 2020 and included contributions from about 5, 140 full-time employees working from home and remotely from countries like Australia, Germany, Japan, the UK, and the US.
According to Glassdoor – online job board and employer review website – COVID-19 has severely impacted the internship offerings in the industries like travel and tourism. Glassdoor in its report dated 28 April 2020 revealed since 9 March 2020, there has been a major decline in internship postings by companies as compared to job opportunities. The report also revealed that till 13 April 2020, about 30,806 internship opportunities were posted on the site which is over 52% decline since the last month.
In a recent survey carried out by the Boardlist, it was found about 40% of corporate boards lacked risk mitigation plans before the novel coronavirus outbreak. The survey results were released on 28 April 2020. According to the survey, half of the board directors who contributed to the survey revealed their primary role during the present crisis was to provide external perspective and information. While the other 22% revealed they were focused on scenario planning with the other 19% said they recognized the importance of emotional support to the CEO.
According to the statement released by Kronos released on 28 April 2020, Kronos has unveiled an automated reporting tool that would allow employers to identify and communicate with employees who might have come into the contact with a co-worker who was tested positive or was presumed positive for COVID-19. The company in its statement said the tool – aids a process is known as contact tracing – would analyze labor records along with time and attendance data collected by Kronos solutions.
According to Willis Towers Watson Survey of 200 employees, it was found about two-thirds of employers said they would face more employee stress and anxiety than normal in the coming three to six months. The survey report was released on 27 April 2020 and threw light on the fact managers would need to step up as much of the work would be managers’ responsibility. The report also revealed about managers would have tremendous room for growth.
In a recent development related to coronavirus pandemic, New York City’s commission on human rights created a COVID-19 response team due to a surge in cases of harassment and discrimination stemming from coronavirus. The agency revealed it had received about 248 reports of harassment and discrimination related to the novel coronavirus since February and has investigated 18 matters so far. The reports include allegations of discrimination “in housing, racial discrimination in public accommodations and employment, national origin, disability, and lawful source of income.
The latest announcement made by the recruitment site Indeed dated 23 April 2020, revealed job seekers could now tag themselves with #readytowork on the site to display their readiness to take up any employment. The initiative could help employers use the site’s virtual hiring fair technology that helps employers to schedule, screen, and set interview reminders for applicants. The site has hosted more than 200 virtual hiring events so far the company revealed.
In a recent announcement made by the Sprouts Farmers Market, the grocer stated that it would be using virtual job fairs to hire more employees at its plans to move forward with its plans to open several new stores in Florida and Colorado by July. The announcement also revealed the plans of the natural-foods grocer that involved an online hiring event on 13 & 14 May. The fair is also open to individuals interested in working for its new store in Miramar, Florid that is due to open 24 June 2020.
According to the survey by LIMRA – an international life insurance and financial services research association, released on 16 April 2020, most insurance careers were making changes to the way they determine benefits eligibility to extend coverage to employees who were affected by the COVID-19 pandemic.
According to the research published by Jobvite, a software organization, dated 21 April 2020, revealed video, social media, and phone calls were increasingly used in the recruitment process. About 84% of the talent acquisition team The research also reported telework becoming a commonplace practice during the global pandemic. The team surveyed more than 200 recruiters from various industries like healthcare, technology, insurance, and finance along with professional services.
According to the tweet shared by a Sky News reporter, British Airways plans to launch a consultation, which could result in slashing about 800 of the 4,500 pilot jobs. The tweet was shared on 27 April 2020. According to the tweet, the company has also struck a deal with its unions to suspend over 30,000 cabin crew and ground staff. The airline was didn’t respond to Reuters' request for comment.
In the recent development, the US Equal Employment Opportunity Commission (EEOC) had given a green signal to employers to test on-site employees for coronavirus as a condition for entering the workplace. According to the guidance that was updated 23 April 2020, it will be mandatory to get COVID-19 tested if it is job-related and consistent with business necessity.