Tag: cuts

Kelly Ripa opts for ’90s business casual in blazer and jeans as she cuts through Central Park in NYC

Kelly Ripa recently teased her plans to exit daytime talk TV, after nearly two decades of co-hosting Live!

But the six-time Emmy winner is currently keeping busy, after recently returning to the studio last month.

She opted for a ’90s business casual look Sunday in a black blazer and cuffed skinny jeans, as she cut through Central Park, during an outing in New York City.

Business casual: Kelly Ripa opted for a ’90s business casual look Sunday in a black blazer and cuffed skinny jeans, as she cut through Central Park, during an outing in New York City

The 50-year-old wore the androgynous chic coat open, over a distressed white t-shirt, which was loosely tucked into her jeans.

She finished the ensemble with some round tortoiseshell Ray-Ban sunglasses, diamond earrings, gold necklaces, matching rings and a pair of white sneakers.

Ripa carried a backpack over one shoulder, while she took

Read More

Markus Perez’s idea for a dream fight? Three rounds of blood, cuts and a split decision win

MMA fighters often pay huge tolls when engaging in violent brawls in the cage, and that’s something to which Markus Perez aspires.



Markus Perez faces UFC newcomer Dricus Du Plessis in Abu Dhabi.


© Jose Youngs, MMA Fighting
Markus Perez faces UFC newcomer Dricus Du Plessis in Abu Dhabi.

Perez had a several UFC fights cancelled over the past few months before booking a middleweight showdown with newcomer Dricus Du Plessis on Saturday night at UFC Fight Island 5 in Abu Dhabi. Dealing with so many frustrations has him eager to fulfill a longtime dream: a bloody war.

“Not that I see (my stand-up) as the best path to victory, but that’s how I want to fight,” Perez said in an interview with MMA Fighting. “I want to brawl, I want to punch him. I’m training for seven months, and now I’m going to grapple and take him down? I wanna fight, I want a brawl. I want to trade punches.”

Read More

Honeywell cuts business jet deliveries outlook as pandemic hits aviation

MONTREAL (Reuters) – Honeywell Aerospace HON.N on Tuesday cut its outlook for business jet deliveries, but held out hope that most future orders would escape the punishing effect of the COVID-19 crisis that has battered the aviation sector.

FILE PHOTO: An attendee exits the Bombardier Global 6500 business jet at the National Business Aviation Association (NBAA) exhibition in Las Vegas, Nevada, U.S. October 21, 2019. REUTERS/David Becker

Honeywell’s 2020 business aviation outlook forecasts up to 7,300 new business jet deliveries worth $235 billion from 2021 to 2030, down 4% from the same 10-year forecast a year ago.

Yet 80% of business jet operators surveyed in the outlook say their aircraft purchase plans have not been affected by COVID-19, it said.

Corporate planemakers like Canada’s Bombardier Inc BBDb.TO, U.S.-based General Dynamics Corp’s GD.N Gulfstream Aerospace, and France’s Dassault Aviation SA AVMD.PA are closely watching to see if a summer rebound

Read More

Coronavirus: Cathay Pacific mulls smaller aircraft, business class cuts as Covid-19 crisis remoulds travel

HONG KONG, Oct 4 (SCMP): Cathay Pacific Airways is weighing up if it needs smaller aircraft with fewer business class seats, as Covid-19 reshapes travel habits and the airline industry.

No immediate changes are on the horizon, according to CEO Augustus Tang Kin-wing, but discussions are ongoing over the company’s restructuring plan, which will set its course for years to come.

“What kind of aircraft is going to be a big aircraft or small? Do you need to have a large business class because people perhaps will be more concerned about personal space because of the pandemic or just the opposite?

“These are the kind of questions we have to wrestle with,” Tang said in a Post interview last week, outlining his thoughts on global air travel beyond the coronavirus.

He said demand for business and leisure travel would be suppressed at best until a vaccine was found to be

Read More

Cathay Pacific mulls smaller aircraft, business class cuts as Covid-19 crisis remoulds travel



a large passenger jet sitting on top of a runway: Cathay Pacific is undergoing a restructuring process to help see it through the aftermath of the pandemic. Photo: Roy Issa


© SCMP
Cathay Pacific is undergoing a restructuring process to help see it through the aftermath of the pandemic. Photo: Roy Issa

Cathay Pacific Airways is weighing up if it needs smaller aircraft with fewer business class seats, as Covid-19 reshapes travel habits and the airline industry.

No immediate changes are on the horizon, according to CEO Augustus Tang Kin-wing, but discussions are ongoing over the company’s restructuring plan, which will set its course for years to come.

“What kind of aircraft is going to be a big aircraft or small? Do you need to have a large business class because people perhaps will be more concerned about personal space because of the pandemic or just the opposite?

Get the latest insights and analysis from our Global Impact newsletter on the big stories originating in China.

“These are the kind of questions we have to wrestle with,” Tang said in

Read More

Houghton Mifflin Harcourt cuts 525 jobs as COVID-19 accelerates online learning

Boston-based textbook publisher Houghton Mifflin Harcourt said Thursday it is laying off 525 employees as the coronavirus pandemic accelerates the shift to digital learning tools.

The company disclosed in a public filing that the reduction comes as part of an “ongoing assessment of its cost structure amid the COVID-19 pandemic,” and that it is in line with the digital strategy the company first proposed to investors last October. Houghton Mifflin Harcourt’s stock closed up over 16 percent on the news.

A company spokesperson declined to break down how many Boston employees have been affected.

The layoff — along with a recently introduced early retirement program, which 166 employees opted into means the company has trimmed its workforce by 22 percent this year. That figure accounts for an undisclosed number of newly added digital-first jobs.

“As districts embrace new remote learning formats and rely more heavily on digital solutions than

Read More

Neiman Marcus, fresh out of bankruptcy, is starting a new round of staff cuts

Neiman Marcus is exiting its bankruptcy with a smaller workforce.

Significant staff cuts at both its Neiman Marcus and Bergdorf Goodman stores have started this week. The company wouldn’t say how many people are permanently losing jobs.

“We plan to separate from selling and nonselling associates,” the Dallas-based luxury retailer said in an emailed statement. “These are difficult decisions we must make at this time, and we are so grateful for our dedicated stores associates.”

The company was able to shed $4 billion in burdensome debt as a result of its bankruptcy reorganization, but the pandemic left it a smaller business. It’s going to take a couple of years for sales to recover to its pre-pandemic level of almost $5 billion a year.

Before it filed for bankruptcy in May, Neiman Marcus had more than 14,000 employees. That’s dropped by at least a couple of thousand as the company closed

Read More

Swedish Technology Company Cuts Business Ties With Hong Kong

Computer Data Tech Following Unprecedented Global Cyberattack

Photographer: Chris Ratcliffe/Bloomberg

A Swedish firm that supplies law enforcement and government agencies with technology to extract data from mobile phones said it has pulled its business from Hong Kong.

The decision by Stockholm-based Micro Systemation AB came after a White House executive order on July 14 stripped Hong Kong of its special trading status, said Mike Dickinson, deputy executive officer. That status had granted Hong Kong more favorable treatment than China.

Dickinson said in an email that his company, known as MSAB, would no longer “supply solutions” to the Cyber Security and Technology Crime Bureau of the Hong Kong Police Force, nor any other government agencies in the territory. He said the executive order “impacts our U.S. legal entity and presence in the U.S.A.

MSAB had pulled its business from China earlier in 2020 due to changes in “regulatory regimes and restrictions” related to

Read More

U.S. Airlines Make Urgent Call for New Bailout Ahead of October 1 Job Cuts | Investing News

By David Shepardson and Tracy Rucinski

WASHINGTON/CHICAGO (Reuters) – Major U.S. airlines launched a last-ditch bid to persuade Congress to grant them a new $25 billion bailout to help avert tens of thousands of employee furloughs set to begin Oct. 1.

The chief executives of American Airlines

, United Airlines

and JetBlue Airways

and major aviation unions held a news conference on Capitol Hill on Tuesday afternoon calling for a six-month extension of a payroll support program that consisted primarily of grants in exchange for keeping workers on the payroll.

“We’re not going to give up,” American Airlines CEO Doug Parker said, affirming that the airline would furlough some 19,000 on Oct. 1 without fresh aid.

He reiterated, however, that the company itself is not at risk without assistance. “American Airlines is going to be fine,” Parker said.

On Monday, two key Republican senators introduced legislation that would authorize another

Read More

Ralph Lauren Reorganizes Business, Cuts Workforce by 15 Percent

Ralph Lauren is taking steps to accelerate its Next Great Chapter plan to deliver long-term growth and value creation. Among them is a 15 percent reduction in its 24,000-member workforce in an effort to establish a simpler global organizational structure and the rolling out of enhanced technology platforms.

As reported last month, the $6.2 billion company began a strategic review to support future growth and profitability and create a sustainable cost structure. The review included three initiatives: The evaluation of team structures and ways of working; real estate footprint and related costs across distribution centers, corporate offices, and direct-to-consumer retail and wholesale doors, and the group’s brand portfolio.

More from WWD

As part of the review of its headcount, Ralph Lauren plans to cut its global workforce by about 3,600 employees by the end of fiscal 2021, which is expected to result in a gross annualized pre-tax expense swing of

Read More