An Unsettling Layoff Report Misrepresents the Labor Market
Recent Layoff Announcements Raise Questions On Thursday, a report from consulting firm Challenger, Gray & Christmas revealed a startling figure: U.S. employers reported 108,435 layoffs in January, marking the highest monthly total since 2009, a time when the economy was still grappling with the effects of the Great Recession. This announcement sparked numerous headlines that […]
IRS pauses layoff plans and considers bringing back some dismissed employees
The Internal Revenue Service (IRS) has decided to halt its plans for layoffs and is focusing on restaffing its workforce. A spokesperson for the Treasury remarked, “The IRS is working to modernize and implement President Trump’s agenda, which includes a significant piece of legislation. Thus, we are dedicated to ensuring that institutions are staffed correctly […]
Leading Democrat reveals legislation for State Department layoff notification
Shaheen Introduces Bill for Congressional Notification of State Department Layoffs Senator Jeanne Shaheen, a prominent Democrat on the Senate Foreign Relations Committee, revealed on Tuesday that she has proposed a bill requiring congressional notifications regarding significant layoffs at the State Department and other related agencies. This announcement comes as Secretary of State Marco Rubio set […]
Deadline looms for federal agencies to submit mass layoff plans as Trump admin guts ‘bloated’ workforce
Federal agencies will need to submit layoff plans to the White House and the Office of Personnel Management (OPM) on Thursday as the Trump administration works to slim and streamline the federal government. President Donald Trump signed an executive order on February 11, ordering leaders of federal agencies to “preparations to commence major cuts.” The […]
Science agency fires ‘experts’ in name of layoff equity as Trump swamp-draining rolls on
The National Science Foundation has canned experts and probation employees this week in response to a call from the Trump administration to reduce the size of its federal workforce. On Tuesday, the 168 most 1,700 NSF staff received the email and notified them that they would stop working at 1pm. At that point, there was […]
Trump layoff plan gets reprieve
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Nets’ Cam Thomas ‘felt great’ coming off injury layoff
If there was a positive takeaway from the Nets' disappointing loss to the Magic on Sunday afternoon, it was the return and healthy return of leading scorer Cam Thomas. Thomas, who has been sidelined since Nov. 25 with a hamstring strain, “felt great'' in his first game back. In a 102-101 loss, he recorded a […]
Boeing to layoff hundreds in Washington as second-round of company cuts continue
Boeing is laying off 396 employees at its Washington state location, Reuters reported on Monday. The move is part of a 10% global workforce reduction announced by the company in October and is expected to affect about 17,000 jobs within Boeing. Fox Business reported in November that 2,199 Boeing employees in Washington state, totaling more […]
Boeing to layoff 396 employees in Washington state
Peter McNally, head of global analyst at Third Bridge, spoke on “The Big Money Show” about how the Boeing factory workers' strike is impacting business. Boeing is laying off 396 employees at its Washington state location, Reuters reported on Monday. The move is part of a 10% global workforce reduction announced by the company in […]
Boeing issues layoff notices as aerospace giant cuts 17,000 jobs
Boeing announced it will issue termination notices to employees included in the aerospace giant's broader layoffs plan. Boeing said the approximately 17,000 employees affected by the layoffs were notified this week and are expected to leave in mid-January. The cuts, which were made in response to a trade union strike, amount to 10% of the […]