President Donald Trump’s administration has been reshaping the federal government since he assumed office in January. Among the dramatic changes: layoffs of thousands of federal workers. National data released last week by the U.S. Bureau of Labor Statistics (BLS) indicate there were 59,000 fewer federal jobs in mid-May compared to the start of the Trump…
The Department of Veterans Affairs has reportedly signed an interagency agreement with the Office of Personnel Management to oversee staff reductions in force of up to 80,000 staff members. Source link
College graduates of the class of 2025 seek jobs at a special job fair for the new food and biomedicine industries in Huai ‘an City, Jiangsu Province, China, on June 8, 2025. Nurphoto | Nurphoto | Getty Images This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis…
The Paramount Studios in Los Angeles on April 29, 2024. Eric Thayer | Bloomberg | Getty Images Paramount Global is cutting its U.S.-based staff by 3.5%, the latest round of layoffs at the media company as it contends with the decline of the traditional pay-TV bundle and macroeconomic headwinds. The company notified its staff of…
The race for global supremacy in AI and the existential threat it represents to the status quo in the tech industry, and beyond, has led to record venture investment in startups. The top five companies on this year’s Disruptor 50 list — including a new No. 1 Disruptor from the defense tech sector — have…
Nitat Termmee | Moment | Getty Images The U.S. job market isn’t looking too hot for recent college graduates and other job seekers, according to economists and labor experts. “The job market is kind of trash right now,” said Mandi Woodruff-Santos, a career coach and personal finance expert. “I mean, it’s really difficult,” she added….
Steve Jobs knew he wasn’t an expert in filmmaking — even after funding a spinout of animation studio Pixar, which was originally division of production company Lucasfilm, in 1986. Jobs was “pretty amazing at saying, ‘this is not my business,’” chief creative officer at Pixar, Pete Docter, said at Fast Company’s Most Innovative Companies Gala…
LAFAYETTE, Ind. — President Donald Trump has said he wants to bolster manufacturing jobs and other technical employment in the United States. But in the aviation industry, finding skilled workers to make airplanes and engines — and maintaining those jobs for years to come — has been a struggle. The average age of a certified…
Packages of Charmin Ultra Soft bath tissue are stacked at a Costco Wholesale store in San Diego, California, on March 11, 2025. Kevin Carter | Getty Images Procter & Gamble will cut 7,000 jobs, or roughly 15% of its nonmanufacturing workforce, as part of a two-year restructuring program. The layoffs by the consumer goods giant…
Mathisworks | Digitalvision Vectors | Getty Images While the government cost-cutting initiative known as the Department of Government Efficiency, which resulted in thousands of federal job cuts, winds down, mass layoffs are still roiling corporate America. Companies are under increasing pressure to trim costs against the backdrop of global economic uncertainty brought on by President…