FinTech Silicon Valley Jobs

Layoffs and Furloughs on the Horizon

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

Pemo is a Media Publisher & Event Producer. She is CoFounder/CEO Silicon Valley TV She is the Executive Producer of FinTech Silicon Valley & organizes Bay Area FinTech meetup: Silicon Valley FinTech meetup & Blockchain Music meetup with almost 3k members. She has produced Silicon Valley Events for Investors & Startups 7 years. She video interviews venture capitalists & angel investors & FinTech experts. She partners with videographers to cover San Francisco Bay area startup conferences & meetups with livestreaming, video & foto packages Silicon Valley TV She is based in Silicon Valley & has been involved in online business for 14 years. She has been in small business for 46 years in Ireland, London, Canada & Australia. She also published a free ebook (the findings of 1 year research from VCs, angels & women founders) “Why are Women Funded Less than Men? a crowdsourced conversation” She was TheNextWomen‘s most prolific contributor of 2011. Silicon Valley TV has been noted as a platform for supporting high growth women led companies in Huffington Post

SUBSCRIBE FinTech Silicon Valley Jobs youtube

Mailchimp Signup Form

Follow us on Twitter

%d bloggers like this: