Tag #Layoffs

Showing 145 to 156 of 217 results

foxnews.com
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IRS Cuts Thousands of Workers Amidst Tax Season

The IRS is cutting thousands of probationary workers as tax season begins, following a Trump administration order. This could significantly impact the agency's ability to process the expected 140 million tax returns, despite recent improvements and increased funding.

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48% Bias Score

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nbcnews.com
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D.C. Unemployment Spikes Amidst Trump's Federal Layoffs

President Trump's efforts to reduce the federal workforce have resulted in nearly 4,000 unemployment claims in Washington, D.C., since he took office, a 55% increase compared to the previous six weeks, coinciding with government-ordered layoffs and buyouts offered to approximately 75,000 employees.

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cnn.com
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Mass NNSA Firings Rescinded After Congressional Intervention

On Thursday night, the Trump administration fired over 300 National Nuclear Security Administration (NNSA) employees, but rescinded the terminations Friday morning following Congressional pressure and concerns that Energy Department officials were unaware of the NNSA's critical role in managing the ...

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npr.org
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CFPB Layoffs Spark Concerns Over Consumer Protection

The CFPB laid off 70 to 100 term employees and 73 recent employees this week, due to a White House initiative, prompting a lawsuit and concerns about the agency's ability to fulfill its legal obligations, particularly given that many Republicans have long sought the agency's abolishment.

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theglobeandmail.com
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Business News Roundup: CPPIB Success, Shopify Action, Tim Hortons Decline

This week's business news includes CPPIB exceeding its $700-billion asset target five years early, Shopify removing Kanye West's store for violating platform rules, Tim Hortons' earnings declining since 2018, TD selling its Charles Schwab stake for $20 billion, Canada supplying two-thirds of the U.S...

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theguardian.com
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Mass Federal Layoffs Under Trump-Musk Administration

The Trump-Musk administration has begun mass layoffs at multiple US federal agencies, impacting hundreds of employees, as part of a cost-cutting plan that involves eliminating entire agencies, facing legal challenges and raising constitutional concerns.

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smh.com.au
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NNSA Layoffs: Initial 325 Notices Reduced to Fewer Than 50

US President Trump and Elon Musk initiated layoffs at the National Nuclear Security Administration (NNSA), initially targeting 325 employees but ultimately dismissing fewer than 50 probationary administrative and clerical staff; this caused significant confusion and concerns regarding national secur...

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us.cnn.com
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Mass NNSA Firings Rescinded Amid National Security Concerns

On Thursday night, the Trump administration fired over 300 National Nuclear Security Administration (NNSA) employees, but rescinded the terminations Friday morning after Congress intervened; the firings raised serious national security concerns given the NNSA's role in overseeing the nation's nuclea...

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abcnews.go.com
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IRS to Lay Off Thousands Amidst Trump Administration's Workforce Reduction Efforts

The IRS plans to lay off thousands of probationary workers starting next week amid the Trump administration's efforts to shrink the federal workforce, potentially affecting the processing of over 140 million tax returns expected by April 15th, and facing legal challenges from 14 states against Elon ...

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abcnews.go.com
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1,300 CDC Employees Forced Out Amidst Federal Restructuring

The Trump administration is eliminating roughly 1,300 probationary employees from the Centers for Disease Control and Prevention (CDC), approximately one-tenth of its workforce, as part of a broader federal restructuring effort; the move raises concerns about the agency's capacity to respond to publ...

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forbes.com
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Meta Layoffs Signal AI-Driven Workforce Restructuring

Meta laid off 3,600 employees (5% of its global workforce) in February 2025, as part of a larger industry trend where companies are using AI to replace human roles, resulting in significant workforce restructuring across tech and other sectors.

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forbes.com
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Inflation Surges Unexpectedly in January

January's consumer price index rose 3% annually, exceeding forecasts, largely due to a 15% increase in egg prices from bird flu outbreaks; this led to market selloffs and dashed hopes for rate cuts.

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64% Bias Score

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Showing 145 to 156 of 217 results