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Exclusive: Houston First to furlough majority of employees during hotel, convention business slowdown

Houston First Corp., which manages the city's convention and tourism business, will furlough more than half of its employees, an indication of how hard the city's tourism industry has been hit by the coronavirus pandemic......»»

Category: topSource: bizjournalsMar 25th, 2020

J.C. Penney will furlough majority of hourly store associates, "significant portion" of corporate workforce

J.C. Penney Co. Inc. will furlough the majority of its store hourly associates and extend the temporary closure of its stores and business offices due to COVID-19 pandemic.  The Plano, Texas-based retailer has nearly 90,000 employees and will sta.....»»

Category: topSource: bizjournalsMar 31st, 2020

Internal email at Freeman shows plans to furlough employees starting March 23

As a part of Freeman's plans to scale back operations in light of the coronavirus pandemic, the company is furloughing what it categorizes as a majority of its workers. In an email obtained by the Dallas Business Journal sent on March 17, CEO Bob Prie.....»»

Category: topSource: bizjournalsMar 18th, 2020

Breaking: Disney to furlough workers at Walt Disney World, Disneyland Resort

The Walt Disney Co. will furlough workers as it tries to navigate a world ravaged by the coronavirus. The theme park giant said in a letter to non-union, salaried and executive employees obtained by Orlando Business Journal that it will furlough worke.....»»

Category: topSource: bizjournalsApr 2nd, 2020

GE Aviation to furlough 50% of manufacturing workforce

GE Aviation, which has 2,600 employees in Lynn, is furloughing half of its manufacturing workforce amid a global downturn in the airline business during the global COVID-19 pandemic. The Ohio-based manufacturer of aircraft jet engines announced Thu.....»»

Category: topSource: bizjournalsApr 2nd, 2020

Hoping to quickly land a Paycheck Protection loan for your small business? I wish you luck

A friend who I run with in the morning, who also happens to run a small manufacturing firm, was recently relaying to me the heart-wrenching details of having to furlough all but a handful of his employees. He had no choice, he recalled, other than.....»»

Category: topSource: bizjournalsApr 2nd, 2020

Stein Mart announces major furlough of staff, extends store closings

Stein Mart Inc. is furloughing the majority of its store associates — as well as a significant number of employees within its supply chain and corporate office — in response to the COVID-19 pandemic. It is also extending the closures of its stores.....»»

Category: topSource: bizjournalsApr 1st, 2020

Neiman Marcus to furlough employees and extend closures

Neiman Marcus Group Inc., which closed all of its stores this month in response to the coronavirus pandemic, is extending the closures and will furlough a majority of its around 14,000 workers in the... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkApr 1st, 2020

Supercuts parent Regis to close all company-owned salons, furlough a "substantial majority" of employees

Hair salon operator Regis Corp. sai.....»»

Category: topSource: marketwatchMar 31st, 2020

Coronavirus pushes Macy"s to furlough majority of 130K workers

Macy's Inc. will furlough the majority of its employees beginning this week as sales have evaporated while its stores remain closed due to the coronavirus......»»

Category: topSource: foxnewsMar 30th, 2020

Macy"s to furlough "majority" of workers starting this week because of coronavirus

Retail giant Macy's said it will furlough a "majority" of employees as companies continue to navigate how to operate during the co.....»»

Category: topSource: usatodayMar 30th, 2020

Passport mum on details as tech firm lays off employees amid COVID-19 pandemic

Passport is laying off employees and placing others on furlough as the COVID-19 outbreak hits business hard. The Charlotte-based company, which specializes in mobile payments for transportation, would not say how many employees were affected. It em.....»»

Category: topSource: bizjournalsMar 26th, 2020

Churchill Downs furloughs workers, reduces salaries during COVID-19

Churchill Downs Inc. said Thursday that it will temporarily furlough workers at many of its facilities. And the Louisville-based racing, gaming and wagering company said salaried employees will receive pay reductions during business shutdowns cau.....»»

Category: topSource: bizjournalsMar 26th, 2020

Working from home? Show us your remote workspace

Thanks to COVID-19, companies from Apple to even the Houston Business Journal have required their employees to work from home and practice social distancing. Depending on your work location and duties, you might be making do without your usual Ho.....»»

Category: topSource: bizjournalsMar 23rd, 2020

Here"s how some lenders are helping small businesses during coronavirus slowdown

As small businesses like restaurants and bars bear the brunt of the coronavirus-related economic slowdown, banks and federal agencies are stepping in to lend a hand. Tim Jeffcoat, Houston District Office director for the U.S. Small Business Admini.....»»

Category: topSource: bizjournalsMar 18th, 2020

Marriott to furlough tens of thousands of workers as coronavirus batters hotel industry

Marriott is placing tens of thousands of employees on furlough as the ho.....»»

Category: topSource: usatodayMar 17th, 2020

Houston de novo bank CEO aims to more than double employees by year"s end

Following an over $93 million capital raise announced in February, Houston's newest bank is open for business......»»

Category: topSource: bizjournalsMar 12th, 2020

Coronavirus updates: Ritz-Carlton seeks guidance, Venture Cafe goes digital, convention center remains watchful

The coronavirus outbreak in St. Louis is prompting reaction from various corners of the business community. Here's a roundup of how impacted businesses are operating as of Monday afternoon. The Ritz-Carlton Hotel in Clayton found itself mired.....»»

Category: topSource: bizjournalsMar 9th, 2020

Coronavirus: Dr. Bill Frist"s advice for keeping your employees safe

In April 2003, a delegation of U.S. senators led by then-U.S. Senate Majority Leader Dr. Bill First arrived in Beijing and checked into a 700-room hotel. The high-powered group of eight lawmakers didn’t need reservations, however — they were .....»»

Category: topSource: bizjournalsMar 5th, 2020

23andMe just laid off 100 employees as the DNA-testing "fad" ends

Hollis Johnson/Business Insider 23andMe is laying off 100 amid a slowdown in the consumer genetics market, CNBC first reported Thursday.  The layoffs hit departments across.....»»

Category: topSource: businessinsiderJan 23rd, 2020

Report: Majority of business leaders expect to be more profitable next year, still worry about an economic slowdown

A recent report by EiserAmper, a New York-based professional services firm, asked business leaders in five cities their outlook heading into 2020.  The responses included 940 business owners, C-suiters, family office executives, and high net worth i.....»»

Category: topSource: bizjournalsDec 27th, 2019