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June 1, 2020 Update

Here are some COVID layoff highlights I’m seeing from Talent Airport (brought to you by Ongig & Friends) through midnight last night:

Highlights & Observations from Last Week:

  • Layoffs are back down (for how long?) — Last week’s layoffs fell by 41% compared to the previous week. Rumored layoffs are still swirling in the travel, tech, retail, and restaurant industries.
  • Biggest Layoffs — Boeing (6,770), McLaren Group (1,200), BaylorScott & White (1,200), Uber India (600).
  • Healthcare companies & hospitals are seeing employee reductions despite hospitals being over-crowded during the COVID-19 crisis — Mercy Hospitals laid off employees in St. Loius & Springfield, Missouri. Highmark Health cut 370 jobs in Pennsylvania just five days after 250 employees were laid off at sister company, Allegheny Health Network. All layoffs are due to decreased hospital admission and elective surgeries during the mandated stay at home orders.
  • Online retail-based companies Blueprint (137) and Masse (15) announced total company shutdowns and the layoff of their entire staff in the coming months.
  • Tuesday is still trending as the biggest layoff day of the week, but Wednesday was the biggest layoff day for the second week in a row, with almost 7,500 layoffs. Wednesday’s cuts included more rounds of layoffs at Boeing (6,770) and Viacom/CBS (50).
  • “Talent Available” —  2,700 potential candidates for hire listed in the “Talent Available” tab. There is a collection of links of interest for employers and candidates in the “Other Cool Resources” tab.

 

COVID Layoffs by Week (through May 31, 2020)
covid layoff list trendline june 1 update

 

COVID Daily Layoffs (through May 31, 2020)

 

COVID Layoffs by Day of Week (through May 31, 2020)

 

May 25, 2020 Update

Here are some COVID layoff highlights I’m seeing from from Talent Airport (brought to you by Ongig & Friends) through midnight last night:

Highlights & Observations from Last Week:

  • Layoffs are trending up (again) — Last week’s layoffs increased by 79.31% compared to the previous week. Along with layoffs, pay cuts are on the rise among many top companies like HCA Healthcare, HPE, and Aon. Executive and employee pay cuts range from 15 to 30%, in an effort to save jobs and the bottom line.
  • Biggest Layoffs — Rolls Royce (9,000), Uber’s second round (3,000), YMCA Silicon Valley (1,657), Ola (1,400), IBM (Unknown – but said to be in the thousands).
  • India Based Companies take a hard hit– Food delivery startups Zomato and Swiggy have laid off over 1,600 employees in the past 2 weeks. WeWork India (100), Livspace (450), and SquareChat (101) all with ties to Silicon Valley saw layoffs last week. All are based in Bengaluru, the “Silicon Valley of India.”
  • Global Ridehailing Giants Uber (3,000) and Ola (1,400) see big cuts last week.
  • Tuesday is still trending as the biggest layoff day of the week, but Wednesday was the biggest last week with 11,000+ layoffs. Wednesday’s layoffs included UK-based luxury vehicle company Rolls Royce and Bay Area-based companies Intercom, Samsara, and SoFi.
  • The talent pool is still growing — If you’re hiring, there are now 2,600+ candidates available in the “Talent Available” tab of Talent Airport. There’s new talent specializing in project management, customer experience, marketing, and more from companies including AirMap, CarGurus, Incredible Health, and Curology.

COVID Layoffs by Week (through May 24, 2020)

covid layoff trendline update

 

COVID Daily Layoffs (through May 24, 2020)

covid layoffs by day trendline

 

COVID Layoffs by Day of Week (through May 24, 2020)

covid layoffs by day of week

 

May 18, 2020 Update

Here are the COVID layoff highlights I’m seeing from data from Talent Airport  through midnight last night:

Highlights & Observations from Last Week:

  • Layoffs Declining (for now) — Last week’s layoffs declined by almost 59.2% compared to the previous week. It was the lowest weekly layoff total in 6 weeks (since March 30th through April 5th). However, many temporary layoffs are on track to become permanent during the upcoming months (see below). No one can say with certainty that we’ve hit a peak in layoffs.
  • Biggest Layoffs — Holland American Line/Princess Cruises (2,000), Bay Area YMCA (1,920), Chase Center (1,720), Ross Stores (1,500).
  • Cruise Lines and Airlines Hit Hard — The travel industry is still in danger of increased cuts if summer travelers stay closer to home. Carnival Corporation had 865 layoffs, along with Holland American/Princess Cruises’s 2,000, and the companies are expecting numbers to grow. Air Canada plans to layoff up to 20,000 employees by early June.
  • Software Companies are still seeing steady layoffs. Mixpanel (65), Orbital Insight (25), and Submittable (30)
  • Tuesday continues to be the hardest hit day of the week, but Friday was the biggest day last week with 6,000+ layoffs including Leggett & Platt, Cars.com, and Cruise.
  • Amazing Talent Laid Off! — If you’re hiring, there are now 2,500+ candidates available in the “Talent Available” tab of Talent Airport. There’s new talent specializing in sales, dev, UI and more from companies including Rent the Runway, Kabbage, Namely and Tally.

COVID Layoffs by Week (through May 17, 2020)

covid layoffs by week may 18 update

 

COVID Layoffs by Day (through May 17, 2020)

daily covid layoff update from talent airport may 18

 

 

COVID Layoffs by Day of Week (through May 17, 2020)

covid layoffs by day of week may 18 update

May 11, 2020 Update

It was another tough week of COVID layoffs. My thoughts below followed by 3 charts.

Highlights & Observations from Last Week:

  • Trend Line Still Points Up — While last week’s layoffs were a decline versus previous week, the trend line still points up. The data says “We’re not out of this yet!”
  • Biggest Layoffs — GE Aviation (13,000), Uber (3,700), Virgin Atlantic (3,000), Halliburton (2,700), Airbnb (1,900) and United Airlines (1,650) made the largest layoffs.
  • The “Shared Economy” segment of transportation (Uber (3,700) and Airbnb (1,900)) got hit hard — Lyft (982) was hit the previous week.
  • HR Tech continues to see its share of layoffs (Glassdoor (300),and Bullhorn (100) and Workable (25). Greenhouse Software and Lever had layoffs in previous weeks.
  • Tuesday (see chart below) continues to be the hardest hit day of the week by far and last week was no different with GE Aviation, Virgin Atlantic and Uber dropping the axe on Tuesday.

COVID Layoffs by Week (from Talent Airport (through May 10, 2020)

covid layoff list trendline by week may 11 update

source: Talent Airport

COVID Layoffs by Day (from Talent Airport (through May 10, 2020)

covid layoff list trendline update may 11

source: Talent Airport

 

COVID Layoffs by Day of the Week (Tuesday is the worst day))

covid layoff lists by day of week may 11 update

source: Talent Airport

 

 

5/4/2020 Update

Last week saw a record week and single day of layoffs. Here’s the daily trend line chart with some additional highlights below. Take care, Rob

 

COVID Layoffs (from Talent Airport (through May 4, 2020)

 

covid layoff trenline update may 3

May 5, 2020 Update

Last week saw a record week, and single day, for COVID layoffs, according to Talent Airport, Ongig’s free resource to “Find talent and teams being laid-off from Covid in 2020”. Below is the daily trend line chart with some highlights and a couple of my thoughts below that. Take care, Rob

COVID Layoffs (from Talent Airport (through May 3, 2020)

 

covid layoff trenline update may 3

source: Talent Airport

Highlights & Observations from Last Week:

Last week saw the worst week yet for COVID layoffs:

  • 44,891 total layoffs confirmed last week (up 206% versus previous week)
  • Single Worst Day Yet — Wednesday, April 29th saw 22,414 peopled laid off (this was the worst single day yet and more in one day than the entire previous week’s count (14,668)
  • Worst Week Yet — The 44,891 laid off last week beat the previous weekly record of 29,966 (April 13-19)
  • Airlines Worst Hit — Boeing (16,000), British Airways (12,000) and Air Canada (5,100) saw the largest layoffs
  • Amazing Talent Available — 1,921 candidates laid-off are listed in Talent Airport including software engineers and sales people from modern companies like Lime and Zum
  • Peak? —  It’s hard to say we’ve hit our peak in layoffs.  So many large companies (think large employers like Walmart, McDonalds, Lowes, Starbucks, Albertsons, etc.) could still have mass layoffs of 10,000 to 50,000 each due to COVID.
  • Tuesday Remains Worst Day — Tuesday is by far the worst day of the week for COVID layoffs (33.5% of the layoffs have happened on a Tuesday), according to our data/chart below. Friday and Wednesday are the next worst day.

 

COVID Layoffs by Day of the Week

covid layoffs by day may 4 update

April 27, 2020 Update

These COVID layoffs are such an impactful HR event (perhaps the biggest in our lifetime) that I want to now share data from our newly-created Talent Airport on a weekly basis.

First off, here’s the daily trendline of number of layoffs since we began tracking March 20th:

COVID Layoffs (from Talent Airport (through April 27, 2020)

covid layoff trendline update talent airport

source: Talent Airport

Highlights & Observations from Last Week:

  • There were 14,668 layoffs for the week (a 51% decline versus the previous week and the first week to week decline since we began tracking). However, the overall trend line still points up.
  • 36 (# of new companies laying off people last week)
  • 1,837 Candidates Now on Talent Airport! — If you’re hiring, go check out the “Talent Available” tab of Talent Airport. There are some amazing candidates there including highly-sought-after tech talent from companies I know personally like Splash (NYC) and Swing Education (Bay Area).
  • Automotive hardest hit (Hertz (10,000 layoffs), Enterprise (743) and CarMax (634) had large layoffs last week.
  • Tuesdays and Fridays are Highest Layoff Days– Check out the chart below. Tuesday and Friday are by far the highest layoff days since we began tracking. Note: folks in HR are often taught to lay people off on Friday to give them the weekend to process the news and also to make payroll (which often ended on a Friday) easier. 

 

COVID Layoffs by Day of the Week (Tuesday and Friday are Highest)

source: Talent Airport

 

April 21, 2020 Update [1 Month In]

Yesterday marked the first month since Talent Airport (powered by Ongig) began tracking confirmed COVID layoffs. The first layoffs we heard about were Textio and Amplero on March 20th and were quickly followed by Cisco, DICE, Hitachi Vantara and others.

We’ve done our best to track major confirmed layoffs every day since then.

Below is a chart of the daily layoffs totals through April 20th. For more details (names of candidates let go and names of employers with # of people laid-off, visit Talent Airport.

COVID Layoff Trendline (from Talent Airport through April 28, 2020 (1 Month In)

covid layoff trendline

# of people laid-off related to COVID. Source: Talent Airport powered by Ongig & friends.

Disclaimer: The above Talent Airport data is not meant to be comprehensive. Many, many more people have been laid-off (e.g. there are more than 3 million people who have filed for unemployment) than the 62,166 we’ve tracked so far. The ones we track are confirmed by the employer or a credible news source and this data is meant to give you a general direction for layoff trends.

My Observations

  • Layoff Trendline Pointing Up — The layoff trendline (the horizontal grey line) is pointing up meaning that it could get worse before it gets better.
  • Massive Single-Employer with Huge Layoffs — Single employers can really move the needle. Under Armour (6,700), Sephora (3,000), Groupon (2,800), Weatherford (6,000), Peace Corps (7,300) and Yelp (1,000) all had 1,000+ layoffs.
  • Amazing Talent Now Available — 1,300+ candidates laid-off are listed in Talent Airport. Some of the hardest talent to find (pre-COVID) are now available such as Data Scientists, Data Engineers, Robotics Engineers, Salesforce Engineers and salespeople. Many of these candidates come from top-tier modern Web/software companies such as Tesla, Greenhouse Software, Lever and Textio. I partner and compete with many of these companies — their leaders hire awesome talent! These are candidates that (pre-COVID), employers were paying staffing/search firms $20,000 to $100,000 each to recruit.
  • Many Companies Still Hiring — 170 companies have confirmed they are still hiring, according to Talent Airport.

I can’t predict the future of COVID and its impact on hiring/layoffs. But I can promise that we’ll continue to track data like this and add it to Talent Airport.

Please ping me and my assistant heather@ongig.com for any questions about Talent Airport. And a special thanks to the 37 “Hiring Heroes” who have helped build Talent Airport (they are listing in the “Hiring Hereos Helping Out” tab of Talent Airport.

Stay safe,

Rob Kelly, co-founder and chief ongiggitizer

Ongig: “Eliminate boring and biased job descriptions” (Ongig also powers Talent Airport)

rob@ongig.com

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Why we write about this?

Ongig is on a mission to eliminate boring and biased job descriptions. On March 20, 2020, we decided to create Talent Airport to help unite companies laying off people with companies still hiring.  As part of Talent Airport, we have the data above to share as we power through this COVID crisis.

by in Talent Airport