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Trump administration slashing 90% of USAID foreign aid contracts, documents show

Internal documents reveal that the Trump administration is trying to implement it at the large-scale US International Development Agency (USAID), which is the United States International Development Agency (USAID). The grant reaches approximately 90% of foreign aid contracts and comes after a review of spending by the State Department. USAID aid was an early target […]

IRS slashing thousands of employees in heat of US tax season – BBC.com

The Trump administration is cutting more than 11,000 jobs in the Internal Revenue Service (IRS) and the Pentagon as part of its efforts to reduce the size of its federal workforce. The approximately 6,000 layoffs in the IRS began Thursday, coming in the middle of the tax season as millions of Americans filed returns. The […]

Chevron slashing up to 8K jobs in major revamp of oil giant

Chevron plans to fire 15% to 20% of the global workforce by the end of 2026. This said Wednesday as it seeks to reduce costs and simplify its business. Chevron is caught up in a court battle with rival Exxon Mobil over the planned acquisition of oil producer Hess. This is the cornerstone of a […]

U.S. Inflation Surges To 3% In January, Slashing Hopes Of Interest Rate Cuts

Shoppers reach for a carton of eggs to customers to limit purchases in South Pasadena, California on February 10, 2025. The revival of the bird flu, which first hit the US in 2022, has ravaged customer farms, causing egg prices to rise and rattle consumers who are used to buying this meal staple for just […]

Meta plans to begin slashing 5% of low-performers on Monday: report

Meta boss Mark Zuckerberg reportedly will begin cutting staff on Monday, and the company posted an internal memo telling workers what to expect before the performance-based job offer. According to a post on Meta's internal workplace forum, Facebook parents are planning to chop 5% of the workforce. Retrieved by Business Insider. The email will contain […]