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Porsche plans more cost cuts to counter tariffs, China slump
It will start negotiations on additional reductions in the second half of this year [Stuttgart] Porsche warned its employees to brace for…
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Cuts
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Schmitt celebrates Senate passage of $9 billion DOGE cuts as 'important step'
Sen. Eric Schmitt told the White House budget office back in January he wanted to help it cut wasteful spending using a rare procedure…
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State Department Cuts Key Office Amidst Raging Epstein Files Outcry
One of Donald Trump’s former employees is drawing a line connecting Jeffrey Epstein and the real estate mogul. The former president and…
Business
Amazon’s AWS cloud computing unit cuts jobs
Amazon cut jobs in its Amazon Web Services cloud computing unit on Thursday (Jul 17), a spokesperson confirmed following a Reuters…
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Senate GOP finds bright spot in pared-back DOGE cuts: 'Spending is easy up here. Cutting is hard'
Senate Republicans were on track late Wednesday to pass a slimmed-down $9 billion package of spending cuts to foreign aid and public…
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New York City Subways Flooded (Again). Blame Trump’s Funding Cuts.
Summers in New York bring the smell of barbecue, speakers blaring at block parties, and sweaty treks to cool off at a pool or the beach.…
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Medicaid Cuts? Yes. But the GOP Is Quietly Cutting Medicare, Too.
PAYGO is not a term that crosses many lips in daily discourse. But it may soon be used more widely, as its impact resonates in the…
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Senate to restore $400 million in AIDS prevention funding, reduce Trump cuts package to $9 billion
The Senate plans to ignore President Trump's request to slash $400 million from a global AIDS prevention program as it takes up a broader…
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Senate prepares to vote on Trump’s DOGE cuts to public media and foreign aid
Senate Republicans will test the popularity of Department of Government Efficiency spending cuts this week by aiming to pass President…
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Senators push changes to White House requested spending cuts as Trump threatens political support
The Senate is set to take up a White House-requested $9.4 billion spending-cut package in the coming days, but Republicans may need to…
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State Department layoffs begin Friday with 1,300 job cuts. Here’s the breakdown
The State Department is set to begin firing more than 1,300 people on Friday, according to multiple sources including The New York Times,…
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National Trust blames tax rises as it cuts 550 jobs
The National Trust has announced plans to cut 6% of its current workforce, about 550 jobs, partly blaming an inflated pay bill and tax…
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Trump’s Big Cuts Are Going to Overwhelm Food Banks With Hungry People
“Food shelves would have to have the capacity to welcome twice the volume of meals through their doors, and their shelves, and their…
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Trump’s Commerce Secretary Will Get Rich Off These Budget Cuts
In an appearance on Fox Business on Wednesday, Trump’s agriculture chief, Brooke Rollins, revealed that the administration has no plan to…
Business
Intel cuts over 500 jobs in Oregon as part of layoff plan
The company has not given a total figure for the cuts, but a source familiar with the matter has put the amount at more than a fifth of…
News
Supreme Court allows Trump to proceed with cuts to federal workforce
The Supreme Court on Tuesday granted the Trump administration's request to proceed with plans to scale back the federal workforce. Source…
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Scientists are holding a ‘science fair’ in the lobby of a Congressional building to show what the US stands to lose with cuts
All’s fair on Capitol Hill. In response to the Trump administration’s wide-ranging science cuts and grant cancellations, researchers and…
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Debate erupts over role job cuts played in weather forecasts ahead of deadly Texas floods
Former federal officials and outside experts have warned for months that President Donald Trump's deep staffing cuts to the National…
Business
Reserve Bank of Australia poised for back-to-back rate cuts as tariffs darken outlook
Australia’s central bank is set to deliver its first back-to-back interest rates cuts in six years, stepping up its easing cycle as…
Business
Top S-Reits with lowest gearing ratios average 33.5% as investors await rate cuts
[singapore] Last month, the US Federal Reserve opted to maintain its benchmark interest rate, adopting a cautious stance despite…
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GOP defends Medicaid cuts in Trump’s ‘Big Beautiful Bill’ with weird talking points about basement dwellers
President Trump’s tax and spending bill just passed in the House and is now on its way to his desk to become law. According to the…
Business
TikTok cuts more workers from US e-commerce division
US President Donald Trump has said he has a buyer lined up for the app, and just needs approval from the Chinese government for the sale…
Business
Microsoft lays off thousands in latest cuts to state's tech industry
There was more bad news for the tech sector Wednesday as Microsoft announced reductions to staff, preparing for thousands of layoffs…
Business
Microsoft begins deep job cuts across Xbox division
Microsoft’s gaming division began informing employees of job cuts on Wednesday (Jul 2) morning, part of a broader culling at the software…