Latest in In Wider Restructuring Plan, Estee Lauder to Cut 7,000 Jobs
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These federal jobs are most at risk of being cut by Trump’s executive orders
Workers in DEI roles, new hires, and IRS employees are at risk as Trump culls the federal workforce.MarketWatch - Jan. 22 -
Kaine grills Vought on planned 'woke and weaponized' budget cuts
Sen. Tim Kaine (D-Va.) grilled Russell Vought, President Trump’s nominee to lead the White House Office of Management and Budget, over a budget proposal created at the think tank where he worked, ...The Hill - Jan. 22 -
Over 7,000 room heaters recalled amid arctic blast
Vornado is recalling its VH2 whole room heaters because the product's power cord can potentially detach and lead to electric shock and fire hazards.ABC News - Jan. 22 -
Sunac China Becomes First Chinese Developer to Restructure Onshore Debt
The property developer said plans to restructure debt issued by a unit were approved.The Wall Street Journal - Jan. 21 -
Stripe cuts 300 jobs in product, engineering and operations
Stripe has cut 300 jobs, or about 3.5% of its workforce, CNBC confirmed.CNBC - Jan. 21 -
UK employers cut jobs after Budget, official data shows
Drop in payrolled workforce comes even as wage growth acceleratesFinancial Times - Jan. 21 -
Anatomy of a jobs promise
Eye-catching boosterism about employment from new projects does not always stand up to scrutinyFinancial Times - Jan. 21 -
‘What is the long-term plan?’: LA housekeepers, construction workers and gardeners see jobs go up in flames
Domestic workers and day laborers – many of whom are undocumented immigrants and ineligible for US aid – face unique burdens amid raging wildfires. Mayra Chacon’s home cleaning service, Ocean ...The Guardian - Jan. 19 -
Steelers' QB plans: Why Justin Fields is most likely to claim Pittsburgh's starting job for 2025
Russell Wilson is expected to exit after one seasonCBS Sports - Jan. 18 -
Commerzbank explores thousands of job cuts in answer to Andrea Orcel
German lender under pressure to cut costs and boost returns after approach from UniCreditFinancial Times - Jan. 18 -
Starbucks’s turnaround plan under new CEO now likely includes job cuts
Coffee chain Starbucks’s promised overhaul may require cutting jobs as it tries to work more efficiently, CEO Brian Niccol said.MarketWatch - Jan. 18 -
Starbucks Expecting Job Cuts by March
Starbucks said it expects to eliminate jobs, without affecting in-store teams, as part of its broader effort to operate more efficiently.The Wall Street Journal - Jan. 17 -
US Debt Faces Record as Trump and GOP Plan Tax Cuts
The Congressional Budget Office forecasts that annual deficits will top $21 trillion over the next decade.The New York Times - Jan. 17 -
Citigroup Slashes Jobs as Cost-Cutting Continues
Targets include senior managers in the banking giant’s wealth, technology and data analysis units.Inc. - Jan. 17 -
The Trevor Project to undergo layoffs and restructuring in major ‘transformation’
The Trevor Project, a national LGBTQ youth suicide prevention and crisis intervention organization, announced Friday that it will undergo a “transformation” that will include layoffs and ...NBC News - Jan. 17 -
Trump Treasury Pick Scott Bessent Defends Plans to Cut Taxes and Raise Tariffs
Scott Bessent, President-elect Donald J. Trump’s choice to be Treasury secretary, will be in charge of steering the president’s economic agenda if confirmed by the Senate.The New York Times - Jan. 16 -
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Spirit Airlines cuts 200 jobs in bankruptcy cost-cutting scramble
Spirit Airlines cuts 200 jobs across the airline as it seeks to exit bankruptcy protection this quarter.CNBC - Jan. 16 -
Everton’s plan to cut short Armando Broja loan hits hitch with Chelsea
Chelsea ask for total loan cost to be paid before return Striker is injured and set to miss most of rest of season Everton’s attempt to cut short Armando Broja’s loan has hit complications with ...The Guardian - Jan. 16 -
BP axes 4,700 jobs in cost-cutting drive
UK energy major under pressure from shareholders to turn around its performanceFinancial Times - Jan. 16 -
BP to cut 4,700 jobs and 3,000 contractor roles to help save £1.6bn
Oil company to lose 5% of its staff in effort to cut costs amid shareholder worries over green energy strategy. BP is to cut thousands of jobs from its global workforce, amounting to 5% of its ...The Guardian - Jan. 16 -
BP to cut 4,700 jobs to reduce costs
The job losses at the oil giant will affect more than 5% of its global workforce.BBC News - Jan. 16 -
Oil major BP to cut thousands of jobs in cost-saving drive
British oil major BP on Thursday said it is planning to cut thousands of jobs as part of a major cost-cutting drive.CNBC - Jan. 16 -
Lloyds to cut 500 jobs and close two offices
UK bank to review more than 1,500 jobs across multiple departmentsFinancial Times - Jan. 15 -
FDA to cut nicotine from cigarettes, in plan first floated under Trump
It will be up to the returning Trump administration to decide whether to finalize the rule.CBS News - Jan. 15 -
How do UK regulators plan to cut back rules and boost growth?
Chancellor Rachel Reeves wants the regulatory sector to do more to drive the economyFinancial Times - Jan. 15 -
Gazprom considers record job cuts as Ukraine war ravages finances
Russian energy group hit by plummet in European gas sales and oil sanctions, putting 1,600 jobs on lineFinancial Times - Jan. 13 -
Trump's tax-cut obstacle course
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...The Hill - Jan. 10 -
Surprising December jobs growth is denting chances of a first-half Fed rate cut
Friday’s unexpectedly big increase in December nonfarm payrolls led to a diminished market-based likelihood for any rate cut by the Federal Reserve until September, based on one method of ...MarketWatch - Jan. 10 -
Tilray’s stock slumps as cannabis and beer company plans to cut its drinks lineup
Tilray Brands’ stock fell Friday after the beer and cannabis company said it expects a $20 million impact on its full-year revenue as it embarks on a cost-cutting plan that will reduce the number ...MarketWatch - Jan. 10 -
December jobs report exceeds expectations
The labor market came in much hotter than expected in the final jobs report of President Biden's administration. CBS News MoneyWatch correspondent Kelly O'Grady has more.CBS News - Jan. 10 -
Strong December job growth could augur fewer Fed interest-rate cuts
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.CBS News - Jan. 10 -
Wayfair to exit Germany, cut 730 jobs as it looks to focus on physical retail
Wayfair, an early e-commerce disruptor, wants to focus more on physical retail and has decided to exit the German market and cut 730 jobs as a result.CNBC - Jan. 10 -
The Fed Is in No Rush to Cut Rates
Fed officials have signaled that it will take more than one weak report to convince them that the labor market is deteriorating.The New York Times - Jan. 10 -
Microsoft confirms performance-based job cuts across departments
Microsoft is cutting a small percentage of jobs across departments, based on performance, the company confirmed to CNBC on Wednesday.NBC News - Jan. 9 -
Cutting out alcohol for "Dry January"
Many Americans are starting off this new year by focusing on sobriety and giving up alcohol for Dry January. CBS News' Bradley Blackburn has more.CBS News - Jan. 9 -
4 in 10 companies planning job cuts due to AI: Survey
Companies across the globe, at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum's (WEF) latest ...The Hill - Jan. 9 -
Microsoft confirms performance-based job cuts across departments
Microsoft said it's cutting a small percentage of jobs across departments, based on performance.CNBC - Jan. 9 -
Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts
Company’s customers across Halifax, Bank of Scotland and flagship brand to be allowed to use others’ premisesFinancial Times - Jan. 8 -
Bill Belichick has no plans on returning to NFL despite Tom Brady reaching out about Raiders job, per reports
It looks like there won't be a reunion in Las VegasCBS Sports - Jan. 8
