Coronavirus Layoffs: MGM, Laura Ashley Join List Of Company Job Losses Caused By The Pandemic

Unionized hospitality workers, including Luis Estrada, at left, wait in line in a basement garage to … [+] apply for unemployment benefits in Los Angeles. AP Photo/Marcio Jose Sanchez Topline: As the coronavirus pandemic wipes out markets, closes schools and colleges, suspends major conferences, sports leagues and cultural events as well as upends the travel…

Coronavirus Layoffs: MGM, Laura Ashley Join List Of Company Job Losses Caused By The Pandemic

Unionized hospitality workers, including Luis Estrada, at left, wait in line in a basement garage to … [+] apply for unemployment benefits in Los Angeles.
AP Photo/Marcio Jose Sanchez
Topline: As the coronavirus pandemic wipes out markets, closes schools and colleges, suspends major conferences, sports leagues and cultural events as well as upends the travel industry, businesses losing out on cash flow have started laying off workers.
Here’s who’s axed staff so far:

Laura Ashley, the British homewares and bedding maker, filed for administration (the U.K.’s version of bankruptcy) Tuesday, after rescue talks were impeded by the coronavirus outbreak.
Dixons Carphone, a second British retailer that sells telecom and electrical goods and services, laid off 2,900 workers Tuesday.
New York City bookseller McNally Jackson, which operates four locations, temporarily laid off its employees due to the outbreak, but intends to hire them back “as soon as we can,” according to the company’s Instagram account.
Portland, Oregon-based bookseller Powell’s Books, which operates five locations, said some of its layoffs would be permanent and that it would take several months for normal operations to be restored.
Stena Line, a European ferry operator, announced Monday that 950 jobs would be cut in Sweden due to a sharp decline in travel bookings.
The Circuit of the Americas, an Austin, Texas-based concert, automobile racing, conference and entertainment complex, said Monday it was laying off an undisclosed number of workers after being indefinitely closed due to coronavirus.
Scandinavian Airlines said Sunday it will temporarily lay off 10,000 employees, equal to 90% of their staff,
MGM Resorts said Friday it would furlough workers and begin layoffs on Monday, but immediately let some staffer
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