Carnival is laying off workers and cutting pay as COVID-19 freezes the cruise industry (CCL)

Carnival Corp. announced on Thursday a combination of layoffs, furloughs, and pay cuts.The company said the moves will allow it to conserve hundreds of millions of dollars while its operations are shut down.All of Carnival’s on-shore employees will be affected in some way, the company told Business Insider.The global spread of COVID-19 has halted new…

Carnival is laying off workers and cutting pay as COVID-19 freezes the cruise industry (CCL)

Carnival Corp. announced on Thursday a combination of layoffs, furloughs, and pay cuts.The company said the moves will allow it to conserve hundreds of millions of dollars while its operations are shut down.All of Carnival’s on-shore employees will be affected in some way, the company told Business Insider.The global spread of COVID-19 has halted new cruises since March.Are you a current or recent employee of Carnival or another cruise company? Do you have an opinion on how your company or the industry as a whole has handled the coronavirus? Email this reporter at mmatousek@businessinsider.com.¬†You can also reach out on Signal at 646-768-4712 or email this reporter’s encrypted address at¬†mmatousek@protonmail.com.Visit Business Insider’s homepage for more stories.

Carnival Corp. said on Thursday that it would undergo a combination of layoffs, furloughs, and pay cuts to preserve cash amid a two-month shutdown caused by the spread of COVID-19. The moves are expected to save hundreds of millions of dollars, the company said in a press release.Every on-shore employee within Carnival and its nine brands will be impacted in some way by the moves, the company told Business Insider.Carnival declined to disclose the total number of employees that will be laid off or furloughed or the exact amount of money it expects to save, but said of the approximately 3,000 people who work for the company in Florida, 820 will be lai
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