U.S. Companies With Most Furloughs - Top 10 Total More Than 1 Million
GoLocalProv Business Team
U.S. Companies With Most Furloughs - Top 10 Total More Than 1 Million
The number of Americans filing for benefits exceeds 26 million in the past five weeks.
In Rhode Island, the number of individuals filing for state or federal benefits now exceeds 250,000.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTWall Street 24/7 has identified the U.S. companies with the largest number of workers impacted — retailers, hospitality, and manufacturers top the list.
“While several of the largest U.S. companies — including Walmart, CVS, Amazon, and Walgreens — are actually hiring, Americans working at some of the largest and most famous U.S. companies have been slammed by furloughs and layoffs,” writes Wall St. 24/7.
See the top ten companies below.
U.S. Companies With the Most Furloughs
#10
Best Buy
No. of furloughed employees: 51,000
Industry: Retail
Date announced: April 15, 2020
#9
Caesars Entertainment
No. of furloughed employees: 59,400
Industry: Entertainment and hospitality
Date announced: April 3, 2020
#8
L Brands
No. of furloughed employees: Most employees
Industry: Retail
Date announced: March 17, 2020
A deal to sell Victoria's Secret to a private equity group is now is being held up.
L Brands filed suit against Sycamore Partners on Thursday, after the buyout firm walked away from a $525 million deal to acquire a majority stake in the company’s Victoria’s Secret lingerie brand.
#7
Tesla
No. of furloughed employees: Half U.S. sales and delivery staff - estimated to be 60,000+
Industry: Auto Manufacturing
Date announced: April 7, 2020
#6
Gap Inc.
No. of furloughed employees: 80,000
Industry: Retail
Date announced: March 31, 2020
#5
Kohl’s
No. of furloughed employees: 85,000
Industry: Retail
Date announced: March 30, 2020
#4
Marriott
No. of furloughed employees: 117,000+
Industry: Hospitality
Date announced: March 17, 2020
#3
Macy’s
No. of furloughed employees: Majority of 125,000 employees
Industry: Retail
Date announced: March 30, 2020
#2
Disney Theme Parks
No. of furloughed employees: 100,000+ at the theme parks and additional employees at other Disney related companies
Industry: Theme parks
Date announced: April 3, 2020
#1
TJX Companies
No. of furloughed employees: Most U.S. employees - estimated 286,000
Industry: Retail
Date announced: April 7, 2020
