Company lays off 10,000 employees, takes $30M loss

The slowdown in travel continues to pummel Hertz.

  • By Business Observer Staff
  • | 4:33 p.m. April 22, 2020
  • Charlotte–Lee–Collier
  • Share

ESTERO — Rental car giant Hertz Global Holdings continues to struggle to gain traction amid the travel business shutdown caused by the coronavirus pandemic. The latest: it recently laid off some 10,000 employees — more than 25% of its worldwide workforce of 38,000 people.  

 

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