Yelp will bring back most of its 1,100 furloughed employees next month

Yelp employees in the New York City office.Spencer Platt | Getty ImagesYelp is bringing back “nearly all” of its 1,100 furloughed employees and restoring employee pay and work hours starting in August, the company announced Monday. The company will also extend its office closures into 2021, resulting in the layoff of 63 more employees. Yelp in April laid off 1,000 employees and furloughed roughly 1,100 more, as the coronavirus pandemic dramatically decreased consumer interest in going out due to social distancing mandates.”As local economies begin their recovery, we remain cautious but optimistic in the face of continued uncertainty,” Yelp CEO Jeremy Stoppelman wrote in an email to employees that was shared with CNBC.”We expect to see a continued fluctuation in business openings and closures during the course of the pandemic as communities respond to local outbreaks. While the pacing and duration of the recovery are still unknown, the executive team and board feel confident in our ability to withstand the challenges and embrace the opportunities that lie ahead,” he added. Workers across the nation are slowly returning to their jobs, though Covid-19 cases are still rising. Weekly jobless claims for the week that ended July 4 totaled 1.314 million, while continuing claims came in at 18.06 million, according to the Labor Department.Subscribe to CNBC on YouTube.


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