United Airlines prepares to lay off more than 13,000

United Airlines prepares to lay off more than 13,000

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United Airlines (Nasdaq: UAL) said it's preparing to lay off 13,432 employees as Congress delays action on a federal relief package for the airline industry. "The CARES Act Payroll Support Program funding for our airline expires today, September 30. That means after months of aggressive cost-cutting and proactive debt-raising actions to manage the company through the Covid-19 crisis and its impact on our business, we regrettably are forced to move forward with the process of involuntarily furloughing…

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