Yelp Will Cut or Furlough of a Third of Its Staff as Coronavirus Crushes Local Businesses

Screenshot: Yelp.comOn the same day jobless claims in the U.S. surpassed 16 million, business review and recommendation mainstay Yelp announced it would be downsizing—by a lot—citing the economic downturn amid the global coronavirus pandemic. Local restaurants, gyms, and bars that rely on foot traffic have been some of the hardest-hit over the past weeks of…

Yelp Will Cut or Furlough of a Third of Its Staff as Coronavirus Crushes Local Businesses

Screenshot: Yelp.comOn the same day jobless claims in the U.S. surpassed 16 million, business review and recommendation mainstay Yelp announced it would be downsizing—by a lot—citing the economic downturn amid the global coronavirus pandemic. Local restaurants, gyms, and bars that rely on foot traffic have been some of the hardest-hit over the past weeks of public gathering restrictions. Despite having little physical footprint, Yelp relies on a symbiotic financial relationship with these small businesses, which has now been turned entirely inside out. “The physical distancing measures and shelter-in-place orders, while critical to flatten the curve, have dealt a devastating blow to the local businesses that are core to our mission,” CEO Jeremy Stoppelman wrote in an internal email on Thursday. “The
Read More From Publisher