Latest in Chevron will slash up to 20% of its workforce as part of cost cutting plan
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Chevron to lay off up to 20 percent of its workforce
Chevron plans to lay off up to 20 percent of its workforce, according to a company spokesperson. Vice Chairman of the Chevron Corp., Mark Nelson, said that the company "is taking action to simplify ...The Hill - 7h -
Chevron wants to save about $3 billion. Layoffs are on the horizon.
The integrated energy company said that layoffs will affect 15% to 20% of its employees, starting this year and with most layoffs completed before the end of 2026.MarketWatch - 8h -
Some mortgage rates cut below 4% as competition picks up
It's the first time mortgage deals with rates below 4% have been available since November.BBC News - 10h -
The GSA Plans to Sell Hundreds of Its Federal Government Buildings
The General Services Administration, staffed at its upper levels by Elon Musk associates, plans to sell 500-plus buildings—some of which house government agencies and the offices of US senators.Wired - 13h -
Chevron will slash up to 20% of its workforce as part of cost-cutting plan
The layoffs will begin this year with most of the cuts complete before the end of 2026.CNBC - 14h -
Chevron to Lay Off Up to 20% of Staff
The second-largest U.S. oil company may cut as many as 9,000 workers worldwide in an effort to cut costs.The New York Times - 14h -
The Guardian view on spending cuts: behold the grim return of slash-and-burn government | Editorial
Spending public money carefully is a virtue in itself, but running down the public sector can cause huge problems later on. Slash-and-burn government is back in vogue. Whether it is Elon Musk and ...The Guardian - 15h -
Cuts to foreign aid scramble young public servants' career plans
Entry-level workers at USAID, other federal agencies and government-backed nonprofits are filing for unemployment and applying to private-sector jobs.NBC News - 15h -
Fast break AI: How Databricks helped the Pacers slash ML costs 12,000X% while speeding up insights
The jaw-dropping decrease is a credit not only to Databricks, but PS&E's ability to reduce ML compute to near-infinitesimal amounts.VentureBeat - 1d -
‘I am pretty much uninsurable’: My 20-year term life insurance is up, but I was diagnosed with throat cancer. Do I renew it?
“I am pretty much uninsurable.”MarketWatch - 11h -
Snow slams parts of the U.S.
Snow storms are sweeping through parts of the U.S. CBS News Colorado's Brian Sherrod reports from Denver, and meteorologist Grant Gilmore has the latest weather forecast.CBS News - 14h -
Oil giant Chevron to lay off thousands in bid to cut up to 20% of global workforce
No 2 US oil firm aims for $3bn in cost cuts through 2026 and seeks to simplify business after production challenges. Chevron will lay off 15-20% of its global workforce by the end of 2026, the US ...The Guardian - 15h -
Chevron to slash up to 20% of its workforce
US oil group announces cuts despite Donald Trump’s exhortation to ‘drill, baby, drill’Financial Times - 15h -
House Republicans release budget plan, with trillions in tax and spending cuts
House Republicans released a budget resolution on Wednesday, laying a foundation for approving President Trump's agenda.CBS News - 17h -
Banks slash savings rates after Bank of England rate cut
Dozens of providers reduce rates or withdraw products following BoE moveFinancial Times - 17h -
Biogen beats estimates on cost cuts and new drugs like Leqembi, but profit outlook falls short
Biogen expects Leqembi and new rare disease and depression treatments to help offset revenue lost from multiple sclerosis products.CNBC - 18h -
Fogel reflects on time in Russian prison; Trump empowers Musk to slash federal workforce
Marc Fogel, an American school teacher who was detained in Russia for more than three years, was welcomed at the White House Wednesday night where he said he's still processing his time in ...CBS News - 21h -
Fintech unicorn Zepz to lay off 20% of its global workforce, sources say
London-based fintech Zepz is laying off around 200 IT workers as part of a major redundancy plan, two employees impacted by the move told CNBC.CNBC - 23h -
Europe wants to be part of the AI race against China and the U.S. — and shake off its anti-innovation image
Europe is looking to be a part of the conversation around AI leadership and innovation that has so far been dominated by the U.S. and China.CNBC - 1d -
Trump Orders Plans for ‘Large Scale’ Work Force Cuts and Expands Musk’s Power
The latest executive order by the president made clear that the billionaire’s cost-cutting team will have continuing oversight of the Civil Service.The New York Times - 1d -
Super Micro cuts its outlook — but there’s a silver lining supporting its stock
Super Micro predicts far more revenue for its next fiscal year than analysts were projecting. The company also expects to submit its delayed annual filing by the Feb. 25 deadline.MarketWatch - 1d -
Medical research in jeopardy as Trump seeks to slash funding
Grants from the National Institutes of Health have helped create breakthroughs in cancer treatments, heart disease and vaccine development. But scientists from some of the nation's top medical labs ...CBS News - 1d -
Musk Joins Trump To Defend Aggressive Cost-Cutting Moves
Billionaire Elon Musk, who leads President Trump's Department of Government Efficiency, pledged full transparency in his efforts to cut wasteful federal government spending. It comes as Democrats ...NBC News - 1d -
Ratcliffe's Ineos blames cost-cutting for legal battle with NZ rugby
Ineos blames "cost-saving measures" across its business for an alleged "breach" of its sponsorship of New Zealand Rugby.BBC News - 2d -
Conspiracy theory on methane-cutting cow feed a ‘wake-up call’, say scientists
Social media storm of misinformation about Bovaer has drawn in Reform UK, the dairy industry and even Bill Gates. Scientists say a recent methane-related conspiracy theory was “a wake-up call” for ...The Guardian - 2d -
Collins, Britt raise concerns about NIH move to slash billions in research costs
Two Republican senators, including a reliable ally of President Trump, have raised concerns about the National Institutes of Health's (NIH) decision to cut billions of dollars of “indirect” costs ...The Hill - 2d -
Roblox Is Part Of An "Active Investigation" By SEC
Roblox is one of the most popular gaming platforms, but there may be trouble ahead. The US Securities and Exchange Commission has confirmed that Roblox is "part of an active and ongoing ...GameSpot - 2d -
Inside Monday’s AI pivot: Building digital workforces through modular AI
AI adoption is not a one and done, it’s a journey that enterprises and software vendors alike are on, from assistants to agentic AI.VentureBeat - 2d -
No. 20 Arizona avenge its only Big 12 loss with an 82-73 victory over No. 13 Texas Tech
Jaden Bradley and Caleb Love each scored 16 points and No. 20 Arizona avenged its only Big 12 loss with an 82-73 victory over No. 13 Texas Tech on Saturday night.Yahoo Sports - 3d -
‘I’m in my early 20s most of the time… totally up for it!’: Tamsin Greig on ageing, caring and learning bass guitar
The stage and screen actor on her two, vastly different new roles – with Celia Imrie in a radical play about a woman caring for her mother after a stroke, and in a Sally Wainwright TV drama about ...The Guardian - 4d -
No. 20 Arizona avenge its only Big 12 loss with an 82-73 victory over No. 13 Texas Tech
Jaden Bradley and Caleb Love each scored 16 points and No. 20 Arizona avenged its only Big 12 Conference loss with an 82-73 victory over No. 13 Texas Tech on Saturday nightABC News - 4d -
Judges block Musk's efforts to slash federal spending
Federal judges block President Trump and Elon Musk's attempts to slash spending and reshape the federal workforce. NBC News' Aaron Gilchrist reports.NBC News - 4d -
NIH announces it's slashing funding for indirect research costs
The National Institutes of Health announced that the agency is making cuts to grants that support research institutions by limiting the amount of indirect funding for research projects to just 15%.NBC News - 4d -
7 Words Explain Why UPS Is Cutting Amazon Loose
UPS’s CEO says the company is cutting back its shipping for Amazon by 50 percent.Inc. - 5d -
Graham's plan for Trump tax cuts
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Graham rolls out plan to tackle Trump agenda Senate Budget Committee Chair ...The Hill - 5d -
Many workers would take a pay cut to work from home — some would forgo at least 20% of their salary
Workers cite the work-life balance afforded by hybrid or fully remote jobs as the biggest benefit.CNBC - 5d -
USAID Workforce Slashed From 10,000 to Under 300 as Elon Musk’s DOGE Decimates Agency
The US government’s primary foreign aid organization is losing the vast majority of its staff, forcing the agency’s lifesaving work to screech to a halt.Wired - 6d -
Federal Employees Push Back on Trump’s Job Slashing Drive
Civil servants, officials, and outside groups are challenging Trump’s frenzied orders to slash federal agencies and headcounts, often denouncing them as illegal.Inc. - 6d
