Employee Reward,
Benefits & Wellbeing
23rd & 24th Sept 2020

Coronavirus | Firm lays off 406 workers in two-minute Zoom call

Firm lays off 406 workers in two-minute Zoom call

During the current coronavirus crisis, employers have had to respond quickly to the uncertain future of the economy, with many putting in place wage cuts or making the decision to furlough staff in order to protect the future of the company and jobs.

For example, US department store Macy’s recently furloughed the majority of its 125,000 staff members, while CEO of the media company BuzzFeed, Jonah Peretti, revealed he would not take home a salary until the pandemic had blown over.

Access all our great content with a FREE myGrapevine account

  • Personalise your topic feed
  • Free access to premium content
  • One-click registration for webinars and downloads
  • Save your favourites
  • Exclusive offers

Welcome Back

Sign up to continue reading FREE content

For news, offers & events, direct to your inbox enter your details below.

I would also like to receive news, offers and events from:

* By registering you agree that you have read and agree to our Terms and Conditions and that Executive Grapevine International Ltd and its partners may contact you regarding relevant content and products.

If you find yourself asked to register again, please make sure that your browser cookie is enabled.

We would like you to become part of HR Grapevine and join the most engaged online communities of HR Professionals in the UK. Thousands of HR Professionals just like you have already registered with HR Grapevine and we would like you to join in - its FREE!

However, an EU regulation coming our way means that to continue hearing from us, you will need to become a registered user. No matter the outcome of BREXIT, this regulation will apply to us while we remain in the UK and perhaps beyond.

Access across the HR Grapevine site will continue to be free of charge once you register.

Every reader we retain, is very important to us, and we would appreciate you taking the time to Register with us now.