The company behind popular mobile app Yelp was forced to lay off 1,000 employees and furlough another 1,100. In a on Yelp's website, co-founder and CEO Jeremy Stoppelman makes it public that an internal email, shared with all employees, was sent yesterday announcing the "painful but necessary step" to reduce the size of the company's workforce due to the impact of COVID-19 on its business. In addition, working hours are to be reduced.

Yelp is known to rely on restaurants purchasing their products and services. Taking in consideration that most restaurants are either closed or experiencing ...