The weak jobs report didn’t take into account a new wave of layoffs and furloughs that are threatening to grind the economic recovery to a halt. Disney said it will lay off 28,000 workers in its theme parks division who have been furloughed since the spring. Two-thirds of those positions are part-time. Disney blamed the pandemic — as well as California restrictions that have kept Disneyland closed — for the cuts, one of the biggest reductions in a single company’s headcount since the lockdowns started. Between American and United Airlines, another 30,000-plus employees are being furloughed as federal employment protections ran out on Oct. 1. The airlines hinted that they could recall at least some of those employees if lawmakers reach a deal to bail out the industry. The insurance giant Allstate is cutting 3,800 heads, the textbook publisher Houghton Mifflin Harcourt is laying off 22 percent of its workforce, and a major hotel trade group is warning that the industry is facing imminent collapse, with as many as two-thirds of all hotels likely to close within six months if they don’t receive federal aid. Read more via Cheddar.com
Pemo Theodore is a Media Publisher & Event Producer and a great people connector.. She is Founder/CEO Silicon Valley TV which has served the San Francisco Bay Area for 11 years! She has produced Silicon Valley Events for Investors & Startups for 9 years. Pemo loves to video interview venture capitalists & founders to engage the human behind the success stories.. She has been Executive Producer of FinTech Silicon Valley for 5 years, organizing twice monthly FinTech talks & panels in San Francisco & Palo Alto. She believes in learning through a great discussion with experts in the domains. Pemo has a talent to bring the right people together and is an incredible networker. Pemo's events have been seen as supporting Venture Capitalists & Angels in sourcing great deal flow from startups who attend her events. Many founders have received funding through meeting investors at her events. Her favored medium is visual media and she has built up a great body of work of videos of panels & interviews in Silicon Valley.startup ecosystem.