2020 Recession - Global Lay off started now - first airlines

Who care about apparel departmental store?

Airbnb saw more nights booked for U.S. listings between May 17 and June 3 than the same period in 2019, and a similar boost in domestic travel globally.

The unexpected speed of the comeback has kept Airbnb’s plans for a 2020 public market debut afloat. Chesky had originally planned to file paperwork for an offering March 31, but was waylaid by the pandemic-related market turmoil that led to speculation the listing would be shelved until next year. However, Chesky says it’s still an option. “We’re not ruling out going public this year and we’re not committing to it,” he said. Airbnb was valued at $31 billion in its most recent private fund-raising round, though recent debt issuance to shore up its finances have significantly reduced that valuation.

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White-collar roles, such as software development postings, are 36.3% below last year’s trend.

As expected. Pointed this would happen somewhere in this forum moons ago.

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New vehicle related search traffic increased on a YoY basis for the first time since February.

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They should allow people to work and just reduce their benefits accordingly otherwise nobody will work

https://www.techrepublic.com/article/tech-startups-globally-have-laid-off-69000-employees-amid-covid-19-pandemic/

Analyzed by geography, startups from the San Francisco Bay area have been the most affected by the COVID-19 outbreak, with more than 25,500 displaced workers between March and July.

The Layoff Tracker data also revealed that Uber Technologies laid off the most employees since the COVID-19 outbreak. The San Francisco-based ride-hailing company cut a total of 6,700 jobs between May 6 and May 18, BuyShares said.

Groupon ranked as the second firm on the list, with 2,800 laid-off employees or 40% of its staff, the firm said. Airbnb is listed as the third-largest layoff amid the coronavirus outbreak. The San Francisco based company cut 1,900 jobs on May 5, or 25% of its staff.

Uber and Groupon are public thus not startups.

Also, companies never layoff SF employees. There’s no way most of the layoffs were in SF.

Well I guess they’re public funded startups :grinning:

Apparently. that’s what I hear from discussions on this forum.

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Need to modify title to Great Depression :sob:
My prediction for a Great Depression is not about 2020, but the decade of the 2020s’

Personally I would like to see cruise ships be eliminated and airlines go bankrupt. The 400 cruise ships are an environmental disaster that destroy historic towns like Venice.
Airlines have been making seats smaller and gouging passengers for years. Karma is a bitch.
Bankrupt them and let the new owners restart them with a much lower cost basis. And bring back regulations on seat sizes, baggage fees and flight changes.

Thought the last few years, reverse trend in airlines, wider seats and more leg rooms, cost more obviously. With Covid-19, seats are getting wider and even more leg rooms, cost even more obviously.

Cruises should be for rich folks and those willing to splurge, shouldn’t be for budget minded travelers - carry less people and charge more :slight_smile:

I will only sail on a private boat. I will never go on a cruise ship. A total zoo… big as casino hotels. Wait in line for everything. Tons of rules, crowds and boors.
They dump you on little towns to buy cheap tourist trinkets. They park in front of Wallmart in Puerto Vallarta.
The tours are overpriced rip offs.
The crews are basically slave labor.
The idea of a cruise ship buffet is disgusting.
They were full of disease before covid19

They dump billions of pounds of garbage in the oceans including raw sewage. They spew enough pollution in the air to be equivalent to all the car pollution in the world

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