News Livspace Lays off 450 employees due to impact from COVID-19 May 26th, 2020 Home design and renovation startup Livspace lay off 450 employees, 15 percent of its total workforce due to covid19 impact.
BUSINESS Foreign Investors pull out USD 26 billion from Asian economies May 20th, 2020 Foreign investors pulled out an estimated USD 26 billion from developing Asian economies.
INDIA 70% of Indian Startups are going to collapse says Nasscom Survey May 19th, 2020 Nasscom said 70% of Indian startups have a cash runway of less than 3 months.
BUSINESS Thai Airways will file for bankruptcy May 18th, 2020 Thai Airways International will file a plan for restructuring its business with the Central Bankruptcy Court.
BUSINESS Softbank Puts $9 Billion Losses as Vision Fund Investments Plunge May 18th, 2020 SoftBank Group racked up a loss of USD 9 billion for the fiscal year through March.
News Swiggy to Lay off 1,100 employees, will give 3 months salary May 18th, 2020 Swiggy is laying off 1,100 employees over the next few days due to the impact of coronavirus pandemic.
ANALYSIS How Coronavirus Hit Employment Globally May 14th, 2020 Take a look at how Coronavirus creates a job crisis that led to unemployment benefits in some countries.
USA US government sees record monthly deficit of $737.9 billion May 13th, 2020 The Treasury Department said Tuesday that the government racked up a shortfall of $737.9 billion last month.
MIDDLE EAST Saudi Arabia triples taxes, Cuts $26B in costs amid pandemic May 11th, 2020 Saudi Arabia said it would increase value added tax from 5% to 15% as of July.
News Airbnb lay off nearly 1,900 employees, about 25% workforce May 6th, 2020 In a note sent to employees, Airbnb CEO & co-founder said that they decided to lay off near 1900 employees.
News Gold’s Gym file for Chapter 11 Bankruptcy Protection May 6th, 2020 Gold’s Gym filed for relief under Chapter 11 in an effort to facilitate the financial restructuring of the company.
News Amazon worker at New York warehouse dies of COVID-19 May 6th, 2020 An Amazon worker at New York warehouse has died of COVID19.
