#JobLosses

.Washington D.C., DC, USA
Corporations in the US have begun looking at hiring as an unprecedented challenge. (Photo credit: Representational image/Unsplash)

  • Three quarters of the entire population of United States is still not vaccinated
  • The pandemic had destroyed about 22 millio jobs in the country, undr which 14 million have been restored
  • Sectors econmically hardest hit include retail, food service, entertainment and hospitality

.New Delhi, Delhi, India
In a video interaction with former US Secretary of State Nicholas Burns, Congress leader Gandhi shared insights of his plan if he becomes the prime minister of India. (Photo credit: PTI)

  • Rahul Gandhi was in conversation with former US Secretary of State Nicholas Burns
  • He would work towards changing the idea of growth-centric to job-centric
  • He also talked about required changes in the electoral process of the country

.Washington D.C., DC, USA
The US Labor Department said 241,745 new claims were received in the week ended March 20 under a special program for freelance workers. (Photo Credit: Representational Image/Unsplash)

  • 241,745 new claims were received in the week ended March 20 
  • Regular claims remained above the worst level of 2008-2010 global financial crisis
  • Rubeela Farooqi of High Frequency Economics warned recovery could be lengthy 

.Helsinki, Finland
Nokia's share price fell slightly after the announcement. (Photo Credit: Representative Image/Unsplash)

  • Nokia announced  it will slash up to 11% of its workforce within two years
  • The company said it is "too early to comment in detail" on where the job cuts will take place
  • The loss of over 1,000 jobs in France is still underway following Nokia's 2016 takeover of Alcatel-Lucent

.London, UK
Debenhams has long struggled against online competitors. (Photo Credit: Representational Image/Unsplash)

  • Online fashion group Boohoo has bought Debenhams' intellectual property assets
  • Boohoo said that the deal was worth about £55 million
  • It aims to rebuild and relaunch the Debenhams online platform

Coca-Cola is cutting jobs.(Representative Image/Pixabay)

  • The downsizing will impact about 2.6% of Coca-Cola's global workforce
  • The company expects $350 million to $550 million in expenses tied to global severance programs
  • Coca-Cola reported a 33% drop in third-quarter profits

.France
Societe Generale currently has 2,100 branches all over France. (Photo credit: Representational/Twitter)

  • French bank Societe Generale reported a loss of $1.2 billion in the first six months of the year 
  •  The group would merge its branches with its subsidiary Credit du Nord
  • This would lead to unprecedented job losses

.Washington D.C., DC, USA
The US is stricken by a double whammy of the world's worst coronavirus outbreak and massive unemployment. (Photo Credit: Representative Image/Unsplash)

  • Unemployment claims rose for second week straight in the US
  • The number rose to 778,000, up by 30,000 applications from previous week
  • By November 7, near 20.5 million people were receiving aid, all told