About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its top executive said.
Category: Layoffs and Job Reductions
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Blaming Tariffs, Aston Martin to Trim 20% of Its Work Force
The luxury automaker said losses for 2025 had increased from the year before, as tariffs and geopolitical uncertainty take a toll on its operations.
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New York Nurses’ Strike Ends After 6 Weeks as Last Holdouts Approve Deal
Workers at NewYork-Presbyterian/Columbia hospital voted for a contract with raises and layoff protections, meaning more than 4,000 nurses will return.
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Vaccine Makers Curtail Research and Cut Jobs
Federal policies under Robert F. Kennedy Jr. that are hostile to vaccines have “sent a chill through the entire industry,” one scientist said.
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Laid-Off Battery Plant Workers Pin Blame on Ford, not Trump, for Lost Jobs
Ford Motor shut down a battery factory and laid off 1,600 workers after President Trump and Republicans gutted government support for electric vehicles.
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Washington Post Plans Cuts to Reshape Newsroom
The changes are expected to include significant layoffs in areas like sports and international coverage.
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UPS Will Cut Up to 30,000 Jobs in 2026
The delivery company said it was planning the cuts this year because it expected to deliver fewer packages for Amazon, a large but unprofitable customer.
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UPS Will Cut Up to 30,000 Jobs in 2026
The delivery company said it was planning the cuts this year because it expected to deliver fewer packages for Amazon, a large but unprofitable customer.
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As Trump Heads to Iowa to Trumpet Economy, Many Residents Feel Pain
Farmers are critical to Iowa’s economy. They have been battered by President Trump’s tariffs and are not yet experiencing the “golden age” that the president promised.
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Tiny Love Stories: ‘Anger Drains Into Shame’
Modern Love in miniature, featuring reader-submitted stories of no more than 100 words.
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Despite Drastic Financial Steps, Met Opera Turns to Layoffs and Cuts
The largest performing arts organization in the country will lay off workers, cut salaries and reduce its offerings. It may also sell its Chagall murals that are valued at $55 million.
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Trump’s First Year Could Have Lasting Economic Consequences
President Trump’s policies have so far done little to change the overall state of the American economy, but economists warn they will ultimately weaken the United States.