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In Wider Restructuring Plan, Estee Lauder to Cut 7,000 Jobs
Global sales dips prompt new CEO to expand the scope of a turnaround effort with additional layoffs.Inc. - 8h -
Estée Lauder is trying to fast-track premium products. But it’s cutting jobs, and is the S&P 500’s worst performer today.
Estée Lauder on Tuesday announced plans to cut thousands of jobs and speed up its product development to reclaim relevance in higher-end beauty, after the company swung to a quarterly loss and ...MarketWatch - 8h -
Estée Lauder ramps up job cuts as warns on tariffs
The firm that owns Clinique, MAC and Bobbi Brown shedding double the number of jobs than planned, warning of global volatility.BBC News - 10h -
Emmerdale and Coronation Street schedules face cut backs
The flagship ITV soaps will lose an hour a week of schedule time between them in a move bosses say will make the shows more "streaming-friendly".BBC News - 10h -
What cutting USAID could cost America?
The Trump administration’s moves to dismantle USAID has stoked fears that America will lose its standing on the world stage as rival powers fill the void.NBC News - 12h -
Snip, snip: Spending cuts are coming
The federal debt has exploded to $36 trillion and annual deficits now approach $2 trillion fThe Hill - 14h -
Cuts to maths are a national miscalculation
I was lucky to be taught the power of mathematics but threats to the subject now endanger the UK’s AI ambitionsFinancial Times - 22h -
USAID to merge into State Department with major budget cuts
The U.S. Agency for International Development will be folded into the State Department, sources tell CBS News. CBS News senior White House reporter Jennifer Jacobs has the latest.CBS News - 1d -
Crucial highway cut off as Australian floods worsen
The floods in northern Queensland have killed one woman and forced thousands more from their homes.BBC News - 1d -
England’s councils expected to cut contributions to staff pensions
Local government scheme is in surplus by £85bn, according to consultant IsioFinancial Times - 1d -
Extra £100m funding announced as police warn of cuts
Yvette Cooper says the cash is for more local officers but some forces say they still face budget shortfalls.BBC News - 4d -
Dems launch group to hit Trump on tax cuts
Organizers say the nonprofit will be backed by an eight-figure funding campaign.Politico - 5d -
Cardiff uni job cuts 'threaten supply of nurses'
Some lecturers at Cardiff University have begun getting letters advising them their post is at risk.BBC News - 6d -
Morrisons warns Budget will mean deeper cuts
Supermarket is latest UK retailer to caution on Labour government’s tax increasesFinancial Times - 6d -
Warren calls on Musk to stick to $2T in DOGE cuts
Sen. Elizabeth Warren (D-Mass.) is urging Elon Musk to stick with his original objective to cut $2 trillion in wasteful government spending. “After promising his Department of Government ...The Hill - Jan. 28 -
CDC staff ordered to cut off communication with WHO
The directive to the CDC to halt communications with the World Health Organization was imposed to comply with President Trump's executive order.CBS News - Jan. 27 -
Power cuts and flood warnings as Storm Herminia hits
About 700 homes are without power and the Met Office is warning of heavy rain across Wales.BBC News - Jan. 27 -
Trump cuts Fauci's security detail
President Trump on Friday defended the removal of Dr. Anthony Fauci’s security detail, suggesting former government officials should not get indefinite security, even as Fauci and others whose ...The Hill - Jan. 24 -
What Republicans Could Cut to Pay for Trump’s Tax Cuts: Medicaid and More
President Trump wants a massive tax cut and immigration crackdown bill. Now Republicans must decide what to cut to help pay for it.The New York Times - Jan. 23 -
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 -
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 -
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 -
Rahm misses cut, McIlroy struggles in Dubai
Jon Rahm and Viktor Hovland missed the cut and Rory McIlroy was forced to battle to make the weekend as the headline acts struggled at the Dubai Desert Classic.ESPN - Jan. 17 -
What Did Trump’s Tax Cuts Do?
Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.The New York Times - Jan. 17 -
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 -
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 to reduce costs
The job losses at the oil giant will affect more than 5% of its global workforce.BBC News - Jan. 16 -
Inflation Rose in December, Putting Rate Cuts Into Question
The consumer price index rose 2.9 percent in the last month of the year, the Labor Department reports.Inc. - Jan. 15 -
Missile Attack Prompts Emergency Power Cuts in Ukraine
President Volodymyr Zelensky of Ukraine said air defenses had shot down at least 30 missiles from a “massive” barrage that had targeted gas and energy facilities.The New York Times - Jan. 15 -
Lloyds to cut 500 jobs and close two offices
UK bank to review more than 1,500 jobs across multiple departmentsFinancial Times - Jan. 15 -
Cutting aeroplane contrails is an easy climate win
Tackling these emissions should be simple, fast and cost-effectiveFinancial Times - Jan. 13 -
U.S. Companies Cut Diversity Efforts as Challenges Mount
At least six major U.S. companies modified their DEI policies last year.Inc. - Jan. 10 -
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 -
Meta cutting DEI team, programs in broad shift
Meta told employees Friday it will cut its diversity, equity and inclusion (DEI) team and roll back several related programs, marking another major shift in policy for the leading social media ...The Hill - 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 -
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 -
Rate-Cut Decision Was Narrow, Fed Minutes Show
Stubborn inflation, and potential tariffs, make future rate cuts uncertain.The New York Times - Jan. 8 -
Washington Post cutting 4 percent of workforce
The Washington Post plans to cut nearly 4 percent of its total workforce in the coming days, the company said Tuesday. A Post spokesperson said the cuts are part of plans to make larger changes ...The Hill - Jan. 7 -
UK high-speed rail line told to cut charges
Regulator rules fees should come down by 3.8% compared with HS1’s proposalFinancial Times - Jan. 6
