Saturday, December 14

Tag: Covid19

More than 20 million US Jobs vanish in April
USA

More than 20 million US Jobs vanish in April

US businesses cut an unprecedented 20.2 million jobs in April, an epic collapse as the coronavirus outbreak closed of offices, factories, schools, construction sites and stores that propel the US economy. The Wednesday report from payroll company ADP showed the tragic depth and scale of job losses that left no part of the world's largest economy unscathed. The leisure and hospitality sector shed 8.6 million workers last month. Trade, transportation and utilities let 3.4 million people go. Construction firms cut nearly 2.5 million jobs, while manufacturers let go of roughly 1.7 million employees. This private industry report comes two days ahead of the official monthly figures from the U.S. Labor Department. Economists expect that report will show 21 million job losses, accord...
Airbnb lay off nearly 1,900 employees, about 25% workforce
News

Airbnb lay off nearly 1,900 employees, about 25% workforce

Airbnb, an online marketplace for homestays said it has laid off near 1900 employees, about 25 percent of the workforce of the company. In a note sent to Airbnb employees, Airbnb Co-Founder and CEO Brian Chesky said, "Out of our 7,500 Airbnb employees, nearly 1,900 teammates will have to leave Airbnb, comprising around 25% of our company. Since we cannot afford to do everything that we used to, these cuts had to be mapped to a more focused business. " These decisions are not a reflection of the work from people on these teams, and it does not mean everyone on these teams will be leaving us. Additionally, teams across all of Airbnb will be impacted. Many teams will be reduced in size based on how well they map to where Airbnb is headed, he added. Due to the Covid19, global travel c...
Amazon worker at New York warehouse dies of COVID-19
News

Amazon worker at New York warehouse dies of COVID-19

An Amazon worker at a warehouse in New York where employees called for greater coronavirus safety measures has died of COVID-19, the e-commerce giant said on Tuesday. "We are deeply saddened by the loss of an associate at our site in Staten Island, NY," Amazon spokesperson Lisa Levandowski said in a statement emailed to AFP. "His family and loved ones are in our thoughts, and we are supporting his fellow colleagues," she added. Amazon has become a lifeline for consumers facing lockdowns and restrictions around the world, and the company is in the process of adding some 175,000 new employees to cope with the surging demand. But the company has also faced protests from warehouse workers and activists who claim Amazon has failed to do enough to keep them safe. More than a dozen...
Impact of Lockdown on Dry Cleaning & Laundry Services
ANALYSIS

Impact of Lockdown on Dry Cleaning & Laundry Services

Dublin, 30th April 2020: A recent survey by ResearchAndMarkets.com said the impact of Covid-19 on Dry Cleaning & Laundry Services Market will be short term and demand for app-based Laundry Services will rise. The global dry-cleaning and laundry services market is expected to decline from $106.2 billion in 2019 to $104 billion in 2020 at a compound annual growth rate (CAGR) of -2.1%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 5% from 2021 and reach $118.3 billion in 2023. Asia-Pacific was the largest region in the global dry-cleaning and laundry services market, accounting for 34% of the market in 2019. North America was the second l...
Nokia profit up; Sales dip due to Covid19
BUSINESS

Nokia profit up; Sales dip due to Covid19

Nokia has reported first-quarter profit but said the COVID-19 pandemic dented sales by around USD 218 million mainly due to supply issues associated with disruptions in China. The company based in Espoo, Finland, reported a net profit of 33 million euros for the January-March period, in comparison to a loss of 116 million euros the previous year. Sales were down 2 percent at 4.9 billion euros. CEO Rajeev Suri said, Nokia didn't see a decline in demand in the first quarter but noted that as the coronavirus situation develops an increase in supply and delivery challenges in a number of countries is possible and some customers may re-assess their spending plans. Nokia is one of three main providers of the ultra-fast, new-generation 5G networks along China's Huawei and Sweden's Ericss...
India cancels orders for Chinese COVID-19 test kits
INDIA

India cancels orders for Chinese COVID-19 test kits

The Indian Council of Medical Research on Monday asked the states to stop using COVID-19 rapid testing kits procured from China due to their poor quality even as the government said not a single rupee will be lost in cancelling the orders as payments were not made to the Chinese suppliers. India procured around five lakh rapid antibody test kits from the two Chinese firms, Guongzhou Wondfo Biotech and Livzon Diagnostics, and they were distributed to several states reporting rising cases of the coronavirus infection. In a communication to chief secretaries of all states and union territories, the ICMR asked them to stop using the kits saying it found "wide variation" in the effectiveness of the equipment supplied by the two Chinese firms despite the promise of good performance. "Th...
4 cr Indian Users may be without Mobile Phones by May End
INDIA

4 cr Indian Users may be without Mobile Phones by May End

An estimated 4 crore Indian mobile phone users are expected to be without handsets due to faults and breakdowns by May-end if restrictions on the sale of handsets and spare parts continue, an industry body said on Friday. At present, more than 2.5 crore mobile customers are estimated to be with non-functional devices due to non availability of components in the supply chain and the restriction on sales of new handsets due to the lockdown to contain coronavirus infection, the India Cellular and Electronics Association (ICEA) claimed. The government has allowed sales of only essential goods and services during the lockdown which has entered into the fifth week. Operations of telecom, internet, broadcast and IT services are permitted but not for mobile devices that are pivotal for acces...