uber Uber Cuts 3,000 Jobs as Pandemic Crushes Ride-Hailing Demand Uber lays off about 3,000 employees and closes dozens of offices worldwide as the coronavirus pandemic severely reduces its core ride-hailing business. The company also considers selling off unprofitable divisions to conserve cash.
covid-19 Global Covid-19 Deaths Surpass 205,000 as Spain Eases Lockdown The coronavirus pandemic claims over 205,000 lives worldwide, with the US accounting for more than a quarter of those deaths. Meanwhile, Spain allows children outside for the first time in six weeks and Indonesia restricts travel for Ramadan.
google meet Google Meet Surpasses 50 Million Downloads as Free Access Drives Growth Google's video conferencing app hits a major milestone on the Play Store after the company makes it free for all users during the pandemic.
softbank SoftBank Posts Record $8.9 Billion Loss Amid Pandemic and WeWork Woes SoftBank Group reports a massive $8.9 billion annual net loss as the coronavirus pandemic worsens the financial impact of its troubled WeWork investment. The Japanese conglomerate warns that ongoing uncertainty will plague its investment business in the coming year.
cruise GM's Cruise Trims 8% of Workforce to Focus on Engineering Cruise, the self-driving unit of General Motors, reduces about 8% of its staff to rebalance operations and prioritize engineering talent. The layoffs primarily affect non-engineering departments like recruiting and human resources.
zoom Zoom Services Strain Under Massive Surge in Remote Work Zoom experiences significant service disruptions as a sudden influx of remote workers overwhelms its platforms during the coronavirus pandemic. The company faces delays in cloud recordings and outages in dial-in numbers and Zoom Phone.
stock market US Stocks Suffer Worst Weekly Drop Since 2008 Financial Crisis The stock market experiences its most devastating week since the 2008 financial meltdown as coronavirus panic accelerates. Investors rely on new tracking tools to monitor pandemic-driven market chaos.
tesla Tesla Sues California County Over Pandemic Restrictions, Vows to Move HQ Elon Musk announces Tesla is suing Alameda County and plans to move its headquarters to Texas or Nevada immediately due to local coronavirus restrictions.
microsoft teams Microsoft Teams Faces Major Outages Amid Global Remote Work Surge Microsoft Teams experiences significant downtime as millions of remote workers log on simultaneously due to the coronavirus pandemic.
coronavirus US Suspends Travel From Europe's Schengen Area Over Coronavirus Pandemic The US government implements a 30-day travel suspension for foreign nationals who recently visit Europe's Schengen Area amid the COVID-19 outbreak. The restriction does not apply to US permanent residents and does not halt trade or cargo.
whatsapp Poynter Launches WhatsApp Bot to Debunk Thousands of COVID-19 Hoaxes The Poynter Institute introduces a new WhatsApp chatbot that allows users to fact-check over 4,000 coronavirus-related myths. The free tool relies on a global network of independent fact-checkers to provide accurate health information.
broadway Broadway Theatres Shut Down Through April Over Coronavirus Fears New York Governor Andrew Cuomo orders all Broadway theatres to close by 5 PM to curb the spread of the coronavirus pandemic. The Broadway League confirms that performances will remain suspended until at least April 13.
coronavirus Coronavirus Disrupts Global Travel, Sports, and Entertainment Industries The coronavirus pandemic halts European travel, suspends the NBA season, and forces Hollywood stars like Tom Hanks into quarantine.
fda FDA Grants Emergency Authorization for Gilead's Remdesivir to Treat COVID-19 The Food and Drug Administration issues an emergency use authorization for Gilead Sciences' remdesivir, allowing doctors to administer the intravenous drug to hospitalized COVID-19 patients. Clinical data shows the treatment shortens patient recovery time by an average of four days.
stock market Dow Suffers Record 2,000-Point Drop as Oil Price War Intensifies Market Chaos U.S. stocks experience their worst single-day point decline in history as a Saudi Arabia-Russia oil price war collides with growing coronavirus fears, triggering rare trading halts.