BBC: Plane-maker Airbus to cut 15,000 jobs amid coronavirus fallout. “Aerospace giant Airbus says it plans to cut 15,000 jobs as it deals with the effects of the coronavirus crisis. It will cut 1,700 jobs in the UK, along with thousands more in Germany, Spain and elsewhere. The move is subject to talks with unions which have opposed compulsory redundancies.”
business
Today: Cirque du Soleil files for bankruptcy protection
Today: Cirque du Soleil files for bankruptcy protection. “Cirque du Soleil Entertainment Group said on Monday it has filed for protection from creditors under the Companies’ Creditors Arrangement Act (CCAA) as the COVID-19 pandemic forced the famed circus to cancel shows and lay off its artistes.”
New York Times: Paycheck Program Ends With $130 Billion Unspent, and Uncertainty Ahead
New York Times: Paycheck Program Ends With $130 Billion Unspent, and Uncertainty Ahead. “The program distributed forgivable loans to five million small businesses that could use the money to pay workers to stay home. But shifting rules blunted its effect.”
ABA Journal: Small businesses have COVID-19 questions, and the legal profession is working to answer them
ABA Journal: Small businesses have COVID-19 questions, and the legal profession is working to answer them . “Through its Lowcountry COVID-19 Small Business/Non-Profit Legal Clinic, Charleston Legal Access works with Am Law 100 firms Nelson Mullins Riley & Scarborough and Jackson Lewis as well as fellow nonprofit Lowcountry Local First to provide free legal advice to local businesses with 25 or fewer employees during 45-minute telephone or video calls. They also assist other nonprofit organizations. The clinic is one of eight launched and supported by the Lawyers for Good Government Foundation, a nonprofit network of more than 125,000 legal advocates, throughout the country starting in New York City and extending as far as Washington state. It provides the clinic framework, client intake form templates and an online database, which is used to assign client matters to volunteer attorneys and track the outcome of those matters.”
Salt Lake Tribune: Utah businesses can get a ‘seal of approval’ if they commit to these steps to fight COVID-19
Salt Lake Tribune: Utah businesses can get a ‘seal of approval’ if they commit to these steps to fight COVID-19. “The Salt Lake Chamber has launched its latest strategy for making customers feel safer as they venture out to Utah businesses during the pandemic. Unveiled to the public Thursday in collaboration with the Utah Department of Health, the chamber’s Stay Safe to Stay Open campaign offers business owners a publicly visible ‘seal of approval’ if they pledge to stick with the latest health guidelines.”
Tubefilter: At NewFronts, TikTok Brings Ad Offerings To The Fore With New ‘TikTok For Business’ Platform
Tubefilter: At NewFronts, TikTok Brings Ad Offerings To The Fore With New ‘TikTok For Business’ Platform. “TikTok took a major public-facing step with respect to its ad business today with a new website dubbed TikTok For Business, where marketers can review all of the platform’s ad products, make purchases, track their spending, and glean information about best practices.”
NBC News: Macy’s to slash 3,900 jobs as coronavirus continues to hammer sales
NBC News: Macy’s to slash 3,900 jobs as coronavirus continues to hammer sales. “Macy’s announced Thursday it is laying off 3,900 corporate jobs, or 3 percent of its total workforce, in a move to cut costs as its business has been hurt by the coronavirus pandemic. The department store chain said it expects to save about $365 million through the layoffs in fiscal 2020. It said it will save roughly $630 million on an annualized basis.”
Search Engine Journal: Google Gives Businesses Free Ads in Google Maps
Search Engine Journal: Google Gives Businesses Free Ads in Google Maps. “Google Ads is rolling out promoted pins to smart campaign advertisers and making them completely free to use for the next few months. Through September 2020, smart campaign advertisers with a Google My Business listing will not be charged for clicks, calls, or sales generated from promoted pins.”
Preview: More Houston restaurants forced to close during COVID-19 spike
Preview: More Houston restaurants forced to close during COVID-19 spike. “Texas’ alarming spike in coronavirus cases coincides with more hits to the local restaurant and bar industry. On Thursday the statewide total of new COVID-19 cases increased by nearly 6,000 – the state’s highest single-day increase. A new round of temporarily restaurant closures also marked the past few days.”
CNBC: 14% of businesses expect layoffs after using their PPP loan funds
CNBC: 14% of businesses expect layoffs after using their PPP loan funds. “Roughly 14% of business owners who received a loan through the Paycheck Protection Program expect to lay off workers once they deplete their funds, according to a survey published by the National Federation of Independent Business. The finding comes as lawmakers debate the necessity and contours of another round of federal relief measures for individuals and businesses, and points to the potential fragility of the U.S. economic recovery absent additional aid.”
TimeOut: This new Instagram account is calling out the Miami businesses violating social-distancing guidelines
TimeOut: This new Instagram account is calling out the Miami businesses violating social-distancing guidelines. “The number of confirmed coronavirus cases continues to rise in Miami-Dade and some locals are fed up by the negligent behavior causing them to climb. One, in particular, is the person behind the new Instagram account @Covid_305, who, according to their bio, is ‘exposing business not following coronavirus guidelines here in Miami.’ The anonymous account launched on Friday, June 19, and has already chronicled dozens of violations at restaurants, rooftop bars and event spaces across the county.”
Syracuse: Can store owners require you to wear a face mask to enter?
Syracuse: Can store owners require you to wear a face mask to enter?. “You might have seen the videos on social media: Shoppers who refuse to wear face masks confront the store manager, who patiently explains it’s store policy that all customers wear them. But can store owners legally enforce that policy?”
Retail TouchPoints: Q1 2020 Results Highlight Gap Between Retail ‘Haves’ And ‘Have Nots’
Retail TouchPoints: Q1 2020 Results Highlight Gap Between Retail ‘Haves’ And ‘Have Nots’. “The COVID-19 pandemic has led to one of the worst financial quarters in retail’s modern history, and the near-universal rise in e-Commerce sales is of little comfort to retailers that are staring down double-digit declines in their brick-and-mortar businesses. But while this is an unprecedented time in many ways, the results tell a story that has been heard before: successful retailers are strengthening their positions, while struggling companies falter.”
Bloomberg Opinion: Can Independent Bookstores Survive Covid-19?
Bloomberg Opinion: Can Independent Bookstores Survive Covid-19?. “The pandemic has crushed independent booksellers across the country so ferociously, their futures are as precarious as they’ve ever been. There were about 1,887 independent book-selling companies running 2,524 stores nationwide in 2019, up from 1,401 booksellers running 1,651 stores a decade earlier, according to the American Booksellers Association. It’s hard to see how this growth spurt won’t be reversed now, given how many booksellers say they’re struggling to remain afloat. During the first few weeks of the corona-crisis alone, the Book Industry Charitable Foundation, a nonprofit that supports indies, received applications for emergency financial support from more than 670 booksellers.”
Small Business Administration: SBA Rolls Out Dedicated Tool for Small Businesses to Connect with CDFIs, Small Asset Lenders Participating in PPP
Small Business Administration: SBA Rolls Out Dedicated Tool for Small Businesses to Connect with CDFIs, Small Asset Lenders Participating in PPP. “Today, U.S. Small Business Administration Administrator Jovita Carranza announced the launch of a dedicated online tool for small businesses and non-profits to be matched with Community Development Financial Institutions (CDFIs), Minority Depository Institutions (MDIs), Certified Development Companies (CDCs), Farm Credit System lenders, Microlenders, as well as traditional smaller asset size lenders in the Paycheck Protection Program (PPP).”
