In an internal memo to staff on Friday, Jerome H. Powell, the chair of the central bank, said the institution would offer a voluntary deferred resignation program.
Category: Layoffs and Job Reductions
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Trump Budget Cuts Hobble Antismoking Programs
The elimination of a key C.D.C. office has slashed funding to states for help lines used by thousands to stop smoking and vaping.
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Burberry to Cut Up to 1,700 Jobs in Turnaround Push
The British fashion house, which reported poor annual sales in a precarious time for the global luxury industry, is looking to save 60 million pounds in cost-cutting efforts.
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Panasonic to Cut 10,000 Jobs in Major Overhaul
The Japanese technology conglomerate plans to shed underperforming businesses and shift its focus to new areas of growth.
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How Trump’s Closing a Tariff Loophole Will Hurt UPS and FedEx
President Trump has ended a tariff loophole that generated lots of business for delivery companies shipping inexpensive goods from China to the U.S.
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Travelers Face Delays as Newark Airport Chaos Enters Second Week
Weather-related delays on top of staffing shortages and runway construction have snarled travel at one of the nation’s busiest airports.
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UPS Says It Will Cut 20,000 Jobs in Efficiency Drive
The move comes as President Trump’s tariffs are reducing shipping volumes and is in addition to 12,000 job cuts last year.
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Howard Lutnick, Trump’s ‘Buoyant’ Trade Warrior, Flexes His Power Over Global Business
Howard Lutnick, the secretary of commerce, has become a go-to for major companies seeking relief from tariffs. But he’s not always friendly to their interests.
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New Details Emerge on Trump Officials’ Sprint to Gut Consumer Bureau Staff
Emails and testimonials from workers at the Consumer Financial Protection Bureau document the administration’s efforts to lay off 90 percent of the employees.
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F.D.A. Scientists Are Reinstated at Agency Food Safety Labs
After 20 percent of the agency’s work force was cut, federal health officials have decided to bring back some experts and review firings to fill gaps in critical roles.
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How to Talk to Your Children About Money in These Uncertain Times
Children may not understand the stock market or inflation, but they can pick up on their parents’ financial worries. Experts offer advice on dealing with the subject.