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1 big thing

The looming second wave of layoffs

1 big thing

Axios

News

4.02K Ratings

🗓️ 1 October 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

The travel and tourism industry has been hit hard this week. On Tuesday, Disney announced its decision to lay off 28 thousand workers. Today, the federal stimulus plan that provided payroll support to the airlines is set to expire today. Plus, COVID patients are entering Wisconsin hospitals at record rates. And, America’s other oncoming election nightmare. Guests: Axios' Joann Muller, Sam Baker, and Mike Allen. Credits: "Axios Today" is produced in partnership with Pushkin Industries. The team includes Niala Boodhoo, Carol Alderman, Cara Shillenn, Nuria Marquez Martinez, Sara Kehaulani Goo, Alex Sugiura and Naomi Shavin. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. Go deeper: Seven airlines complete taxpayer loans from U.S. Treasury Coronavirus cases rise in 25 states Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Good morning. Welcome to Axios today. It's Thursday the 1st of October. I'm Naila Boodoo.

0:09.0

Here's how we're making you smarter today. COVID patients are entering Wisconsin hospitals at record rates.

0:17.0

Plus America's other oncoming nightmare, the election.

0:21.0

But first, the looming wave of airline layoffs is today's one big thing.

0:28.4

The travel and tourism industry has been hit hard this week. On Tuesday Disney announced a decision to lay off 28,000 people.

0:37.0

And today the federal stimulus plan that's providing payroll support to the airlines is set to expire.

0:43.0

And we're already starting to see the effects.

0:45.4

American Airlines was the first to announce last night

0:48.0

they will begin furloughing 19,000 employees today.

0:52.0

Joanne Mueller covers transportation for Axios.

0:54.7

Joanne, if Congress can't come up with an extension to this program,

0:58.4

what more is at stake here?

1:00.4

The airlines have said they will begin laying off as many as 50,000 employees, flight

1:06.1

attendance and pilots and ticket clerks, mechanics, operations folks.

1:12.2

It's very grim unless Congress comes through with an extension for that

1:16.5

airline payroll support program.

1:19.0

And how likely is that extension?

1:20.4

This is tied to all of the stimulus package negotiations.

1:24.0

There seems to be really bipartisan support for helping the airline industry stay afloat because

1:30.8

it's so critical to the economic recovery.

1:34.3

The problem is that it's getting wrapped up

1:37.1

in the negotiations on other relief programs.

...

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