Hertz to Lay Off 10,000 Employees as Business Slumps During Pandemic [TheStreet.com]
Hertz Global Holdings, Inc (HTZ)
Last hertz global holdings, inc earnings: 2/24 04:05 pm
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Source: TheStreet.com
Hertz Global Holdings(HTZGet ReportHertz, in a filing with the Securities and Exchange Commission, said it would incur costs of $30 million related to the layoffs, which began effective April 14 for nonunion workers and April 21 for union workers.The company had about 38,000 as of the end of 2019.It was reported last month that Hertz was discussing financing options with banks as it looked to weather the slump in travel caused by the coronavirus.Bloomberg reported Hertz has been in discussions with multiple banks, led by Barclays, on its options, which include a first-lien loan, second-lien financing or collateralizing its rental-vehicle fleet.The company also has asked the U.S. Treasury Department for a loan, according to the report from Bloomberg.“Like the rest of the global travel sector, Covid-19’s impact on Hertz arrived swiftly, and the reversal in customer demand has been significant,” Chief Executive Kathryn Marinello said in a statement in late March.Activist investor Carl Ic
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HTZ
News
- Jim Cramer on Hertz: “It's a Speculative Stock” [Yahoo! Finance]Yahoo! Finance
- Does the Recent Electric Vehicle Partnership Signal a New Value Opportunity for Hertz in 2025? [Yahoo! Finance]Yahoo! Finance
- Global Car Rental Market Trends Report 2025: Growth in Budget to Luxury Segments Featuring Enterprise, Hertz, Avis, Sixt, and Europcar [Yahoo! Finance]Yahoo! Finance
- Jim Cramer on Hertz: “It Has Been a Contrary Name” [Yahoo! Finance]Yahoo! Finance
- Mobility-As-A-Service Market to Reach $2.9 Trillion, Globally, by 2034 at 23.9% CAGR: Allied Market Research [Yahoo! Finance]Yahoo! Finance
HTZ
Earnings
- 11/4/25 - Beat
HTZ
Sec Filings
- 11/12/25 - Form 3
- 10/28/25 - Form 3
- 10/10/25 - Form 4
- HTZ's page on the SEC website