It's the economy, stupid! (Finance-related news)

[silverdragontyr]

Wisconsin's website hasn't updated yet. They even have a Covid FAQ that says self employed don't qualify but that's been up a while. If there is no update tomorrow I may just try calling see if I can get some answers.

[archibaldcrane]

Wisconsin's website hasn't updated yet. They even have a Covid FAQ that says self employed don't qualify but that's been up a while. If there is no update tomorrow I may just try calling see if I can get some answers.

Call the moment the call center opens.

[Kalmado]

I went ahead and filled it out because MI is requesting going by alphabet on certain days and I am up today. For last employer I just put independent contractor and used the occupation code for real estate agent. I'll keep an eye on it and probably call in on Tuesday, which is my alphabet day for call ins.

[6souls]

https://www.bbc.com/news/uk-scotland...iness-52070491

Aviation firm John Menzies is cutting 17.5k jobs and those who remain are getting a 20% pay cut.

[Kalmado]

This morning I logged into my MI unemployment account and an approved determination .pdf showed the "normal" unemployment amount I'll receive. It had listed my "Independent Contractor" job listing. Who knows if a person actually looked at it. As of 12:48 PM the site is dead and I can't review it again.

[silverdragontyr]

Wisconsin has a little window that says when they get more information about receiving their funding they'll update. Still no way to file independent.

[Guitarman]

Macy's laying off majority of its 125,000 employees
https://www.cnn.com/2020/03/30/inves...rus/index.html

They were already on the ropes financially before the virus hit, i am very curious if they will survive after this.

[Salodin]

Aw man I wanna go to Macy's and see if theres any sales right now too...

Sent from my SM-G975U using Tapatalk

[Kalmado]

Aw man I wanna go to Macy's and see if theres any sales right now too...

Sent from my SM-G975U using Tapatalk

For real. Winter gear on mad clearance yo.

[TsingTao]

Macy's...the 90 year old uncle of retail that was already in poor health. He's not gonna make it.

[6souls]

CNBC: Disney's Iger will forgo salary as new CEO takes 50% pay cut due to coronavirus constraints.
https://www.cnbc.com/2020/03/30/coro...t-pay-cut.html

Other Disney executives will take pay cuts as well, Chapek said in the email. Employees at the vice president level will have their salaries reduced by 20%, senior vice presidents by 25% and executive vice presidents and above by 30%.

Chapek’s base salary is $2.5 million, according to his employment agreement for his new role as Iger’s successor as CEO. He is also eligible for incentive-based compensation including a $7.5 million annual target-based bonus and an annual equity-based long-term incentive grant of $15 million. It’s not immediately clear which part of his compensation will take the 50% reduction.

[6souls]

https://www.bbc.com/news/technology-52091615

Companies are using telecommunications provider Zoom to inform employees that they're being laid off.

• Bird scooters - 400
• Lime scooters - "dozens"
• TripActions - 297
• Sonder hospitality - 400
• Zeus Living, Airbnb furnisher - 30%
• Bookaway, travel booking - x amount of staff to be laid off and any remaining to get a pay cut
• Skyscanner, travel booking - all non-essential staff laid off
• Fluidly, cash-flow management - all staff
• Zonal, till provider - all staff
• Deliveroo, UK-based food delivery service - considering all staff

[Guitarman]

Unemployment numbers this week are going to be fucking massive.

[6souls]

Unemployment numbers this week are going to be fucking massive.

https://www.stlouisfed.org/on-the-ec...mployment-rate

Fed is predicting 47M/32% of the workforce to be unemployed within three months.

[Cream Soda]

Unemployment numbers this week are going to be fucking massive.

My boss said if you're a no show you aren't fired, you just will get 5hrs or less a week; because you're not using her store to collect unemployment and your only out is if you quit, because she's not firing anyone

[Yabby]

My boss said if you're a no show you aren't fired, you just will get 5hrs or less a week; because you're not using her store to collect unemployment and your only out is if you quit, because she's not firing anyone

So just find 8 more jobs like that, and don't show up to any of them.

[6souls]

https://popculture.com/trending/2020...irus-pandemic/
https://www.readfrontier.org/stories...orker-layoffs/

Hobby Lobby is laying off all part-time employees in states that have forced store closures and is cutting pay for everyone else by 10%.

[archibaldcrane]

My boss said if you're a no show you aren't fired, you just will get 5hrs or less a week; because you're not using her store to collect unemployment and your only out is if you quit, because she's not firing anyone

Aren't you paid under the table for some reason?

[Kalmado]

My boss said if you're a no show you aren't fired, you just will get 5hrs or less a week; because you're not using her store to collect unemployment and your only out is if you quit, because she's not firing anyone

No problem boss. Go ahead and right that down so we don't forget. Thanks!

[Mythe_Seraph]

No problem boss. Go ahead and right that down so we don't forget. Thanks!

This. Would you mind signing this too?