It comes as the U.S. Centers for Disease Control and Prevention warned travelers to avoid non-essential travel to South Korea, where the disease has sickened close to 900 people.
The layoffs follow a Q4 earnings call earlier in February in which Chairman Barry Diller slammed the company's processes and work ethic, saying it had become "sclerotic and bloated"
With over 75,000 coronavirus cases confirmed in China alone, the government has mobilized its surveillance machine, a move experts said could continue even after the virus has been contained.
Shares of Mastercard fell on Monday after the credit card company issued a warning that the fast-spreading coronavirus could hurt its revenue this year.
Last week, Apple warned that it would miss its $63 billion to $67 billion estimate for March quarter revenue due to the Coronavirus and efforts to mitigate its effect.
In addition to beating analysts' expectations, HP reiterated its opposition to Xerox's efforts to buy the company, which is four times larger than Xerox.
As coronavirus fears hit financial markets, U.S. bond yields are tanking, pushing mortgage rates that loosely follow the 10-year Treasury yield toward an eight-year low. They could sink even lower.
Economist Nouriel Roubini pointed to a number of destabilizing issues. They include: geopolitical tumult across at least four fronts, a potentially chaotic presidential election, reignited trade tensions with China, potentially catastrophic damage from climate change and the growing potential of cyberwarfare.
Marks, the co-chairman of Oaktree Capital Management, said on "Halftime Report" that investors tend to be too optimistic or too pessimistic about economic conditions.
Democratic front-runner Bernie Sanders came under fire Monday from his rivals over his recent partial defense of Cuban revolutionary and communist dictator Fidel Castro.
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