The company is cutting 15 percent of its work force, or about 1,300 jobs, citing “the uncertainty of the global economy.”
Category: Coronavirus (2019-nCoV)
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Zoom to Lay Off 1,300 Workers, Joining Other Tech Giants
The New York Times – Business: -
Staring Down Bankruptcy, Bed Bath & Beyond Says It Will Sell Stock
The New York Times – Business:The struggling home goods retailer said it hoped the move would help it raise more than $1 billion and pay off its debts.
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Flowers, Fresh Fish and Movies: China Is Spending Again, Cautiously
The New York Times – Business:The outlook for the world’s second largest economy is brighter as consumer spending picked up after “zero Covid” was lifted. But scars remain from the harsh pandemic restrictions.
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Hong Kong To Give Away 500,000 Plane Tickets to Lure Tourists
The New York Times – Travel:The city’s reputation has been hammered by protests, a harsh security law and strict Covid measures. It hopes a giveaway of 500,000 plane tickets woos back tourists.
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Egg Shortages Are Driving Demand for Raise-at-Home Chickens
The New York Times – Business:People are snapping up chickens that are “heavy layers” in response to egg inflation. The chick situation holds lessons about the broader economy.
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Covid Vaccine Makers Kept Prepayments for Canceled Shots for Poor Nations
The New York Times – Business:Separately, Johnson & Johnson is demanding additional payment for unwanted shots, confidential documents show.
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Falling Used-Car Demand Puts Pressure on Carvana and Other Dealers
The New York Times – Business:Dealerships are seeing sales and prices drop as consumers tighten their belts, putting financial pressure on companies like Carvana that grew fast in recent years.
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Chinese Travel Is Set to Return. The Question Is, When?
The New York Times – Travel:The country has dropped restrictions on overseas journeys for its citizens, but once-popular destinations are still waiting for the flood of vacationers to arrive.
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Novak Djokovic Comes Full Circle at the Australian Open
The New York Times – Sports:Deported a year ago and unable to play in 2022’s first Grand Slam tournament, Djokovic deeply felt this major title, his 22nd, calling it “a huge relief.”
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How a Pre-Wedding Diet Led to an Eating Disorder
The New York Times – Fashion & Style:One bride talks about how the desire to lose weight quickly spiraled out of control.
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A Federal Court Blocks California’s New Medical Misinformation Law
The New York Times – Business:California’s law sought to punish doctors who give patients false information about Covid-19.
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U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter
The New York Times – Business:Activity at the end of last year showed the resilience of American consumers and businesses in the face of rising inflation and interest rates.