Layoffs

In every crisis, multinational companies seem to fall prey to a damaging cycle of mass layoffs and subsequent talent shortages. How can organisations avoid this pitfall while managing their bottom lines through a difficult period?

In the grip of a costly restructuring, the UK’s flag carrier airline has decided to replace its CEO with immediate effect.

Despite a recent government bailout, Airbus CEO Guillaume Faury says that the company is “facing the gravest crisis this industry has ever experienced”.

The luxury carmaker will cut the jobs of almost a quarter of its workforce amid an auto industry slowdown.

The CEO of Europe’s largest airline claimed that the UK government’s new international quarantine measures are “unimplementable”.

In recent weeks the business landscape has changed beyond all recognition. Priorities have shifted away from growth-by-any-means towards making rapid changes in order to keep afloat and avoid potential collapse. Endurance has been key for…

The move comes as COVID-19 continues to plague the international travel and hospitality industries.