Yelp lays off 1,000 workers, furloughs 1,100 to make ‘severe’ cost reductions amid coronavirus pandemic

Yelp lays off 1,000 workers, furloughs 1,100 to make ‘severe’ cost reductions amid coronavirus pandemic

4 years ago
Anonymous $9CO2RSACsf

https://www.mercurynews.com/2020/04/09/yelp-lays-off-1000-workers-furloughs-1100-to-make-severe-cost-reductions-amid-coronavirus-pandemic/

Bay Area online-reviews titan Yelp is laying off 1,000 workers and furloughing 1,100 today as it imposes “severe cost reductions” to survive amid the coronavirus pandemic, the company said in a letter to employees.

“The physical distancing measures and shelter-in-place orders, while critical to flatten the curve, have dealt a devastating blow to the local businesses that are core to our mission,” Yelp co-founder and CEO Jeremy Stoppelman said in the letter.

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