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Post Covid

All articles tagged with #post covid

China's 'Double 11' Shopping Festival Sees Record-Breaking Consumer Spending and Package Handling
business2 years ago

China's 'Double 11' Shopping Festival Sees Record-Breaking Consumer Spending and Package Handling

China's consumer spending has rebounded strongly in the first post-COVID "Double 11" shopping festival, with transaction volumes reaching new highs on e-commerce platforms. Over 400 brands recorded transactions surpassing 1 billion yuan ($140 million), and the overall sales momentum indicates an optimistic outlook for consumer recovery in China. Both domestic and international brands performed well across various categories, and new brands made a significant impact. Livestreaming sales also saw a record growth, with JD.com reporting a cumulative audience of over 320 million. The rise of new brands and innovative products is seen as a significant change in the economic landscape following the pandemic.

Indeed to cut 2,200 jobs as job postings decline.
business2 years ago

Indeed to cut 2,200 jobs as job postings decline.

Job-listing website Indeed.com will lay off around 2,200 employees, almost 15% of its workforce, due to the anticipated decline in job listings following the post-COVID boom. The layoffs will affect employees across all teams, functions, levels, and regions. The affected employees will receive a 16-week severance package and their regular paychecks until the end of March. The decision comes after Amazon announced its plan to cut around 9,000 employees, primarily from Amazon Web Services, People Experience and Technology, advertising, and Twitch.