These companies laid off thousands of employees this week

These companies laid off thousands of employees this week
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New York (CNN Business) — The effects of the coronavirus are still battering the economy, despite small signs of a turnaround.

Just look at the most recent numbers: Another 1.5 million US workers filed for first-time jobless benefits last week, the Department of Labor said Thursday, for a total of more than 45 million Americans who have done so first-time benefits since mid-March.
Large companies are reducing their headcounts as a result of the pandemic. Here are some of the largest companies that announced workplace reductions this past week.

24 Hour Fitness

Mid-tier gym chain 24 Hour Fitness kicked off the week with a Chapter 11 filing. CEO Tony Ueber explicitly blamed the temporary closures caused by Covid-19 in a statement Monday.

AT&T

The telecom giant is closing 250 stores and cutting several thousand jobs, according to one of its unions.

Hilton

Hilton (HLT) Hotels said Tuesday it’s laying off 2,100 employees, or roughly 22% of its corporate workforce, as the lingering effects of coronavirus continue to depress demand for leisure and corporate travel.

HSBC

The banking giant resumed plans to cut 35,000 jobs, or roughly 15% of its global workforce, saying that the coronavirus pandemic has made the overhaul it announced earlier this year even more urgent.

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