The coronavirus pandemic has led to many layoffs and salary cuts and the latest company to give its employees bad news is GM. According to a list of actions announced by the company obtained by CNBC, GM has temporarily cut the salary of roughly 69,000 workers by 20% amid the coronavirus outbreak. The reduced pay … Continue reading “GM Has Temporarily Cut its Workers Pay Amid Coronavirus Outbreak”
Author: Sophia Vida
Apple Says it May Delay its Next iPhone Launch
The coronavirus pandemic is causing major disappointments for many across the world and now many…
The Dow Explodes as Senate Almost Reaches a $2 Trillion Stimulus Deal
The Dow Jones Industrial Average exploded over 13% in two days this week as the…
Yum Brands Has Suspended its $2 Billion Buyback Program
Yum Brands, which operates brands KFC, Taco Bell, Pizza Hut, and WingStreet worldwide, except in…
SpaceX is Making and Donating Products to Help Fight Coronavirus
Elon Musk's aerospace company SpaceX is doing its part to fight back in the coronavirus…
The 2020 Olympics Have Been Officially Rescheduled
It was this week that the International Olympic Committee (IOC) decided to delay the Tokyo…
Groupon’s CEO and COO Has Left the Building
After Groupon's turnaround plans failed to succeed, the company has removed its CEO and COO,…
Roche CEO Says Widespread Coronavirus Testing in United States is Long Away
According to the CEO of test manufacturer ROche, Severin Schwan, the widespread coronavirus testing in…
These Senators Want to Ban Overdraft Fees During the Coronavirus Pandemic
Stress and anxiety continue to mount as the nation bears the Coronavirus outbreak that has…
Facebook is Giving Employees a Month of Paid Sick Leave
Social media giant Facebook is standing up proactively and doing the right thing for its…
Nordstrom Has Suspended its Dividend and Halted Buybacks
As the coronavirus pandemic roars on, retailer Nordstrom has decided to suspend its dividend, halt…
Twitter Has Pulled Q1 Guidance Amid Coronavirus Outbreak
Social media company Twitter has decided to pull its first quarter guidance due to the…
Investor David Tepper Says the Market May Continue to Drop
American billionaire businessman David Tepper says the market may still have 10% to 15% to…
Senators Want Amazon CEO To Give Warehouse Workers Sick Leave
Several senators wrote a letter to Jeff Bezos, the CEO of Amazon, asking him to…
