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Mark Zuckerberg’s Meta plans to lay off 10% of its workforce in a companywide bloodbath next month – with even more cuts to follow later in the year, according to a report Friday. The Instagram parent will ax nearly 8,000 employees in the initial round set for May 20, Reuters reported. More layoffs are expected in the second half of the year, but Meta executives have yet to decide how extensive they will be or exactly when they will occur. Meta’s plans could be adjusted based on the state of the company’s artificial intelligence capabilities, sources ominously told the outlet....

As the April 15 tax deadline approaches, a quiet but significant shift is taking place across the United States tax system. Fewer audits. Fewer enforcement agents. And a growing perception among some taxpayers that the odds of getting caught have dropped. At the center of it all is the Internal Revenue Service, which is undergoing a major transformation under the administration of Donald Trump. The agency has lost tens of thousands of workers and is facing further proposed cuts, raising serious questions about tax compliance, federal revenue, and what it all means for investors.A Shrinking IRS WorkforceThe IRS is significantly...

IBM has agreed to settle the US Department of Justice's accusations that the company violated civil rights laws with its DEI practices. According to a press release from the DOJ, IBM will pay more than $17 million to resolve allegations of taking "race, color, national origin, or sex" into account when making employment decisions. This settlement is the latest development in a longstanding effort from the Trump administration to end DEI programs, which was kick-started from an executive order in early 2025. IBM denied any wrongdoing and said the settlement wasn't an admission of liability, while the US government said...

Hollywood Decline: Sony Pictures Set to Lay Off Hundreds Signage for Sony Group Corp. displayed at the CP+ Camera and Photo Imaging Show in YokohamKiyoshi Ota/Bloomberg via Getty Images Warner Todd Huston8 Apr 2026140 3:25 Sony Pictures Entertainment is reportedly set to lay off hundreds of employees across its TV, film, and corporate offices as Hollywood continues to contract. According to Variety, one of the top layoffs will be that of Colin Davis, EVP of Comedy Development. Sources tell the paper that the layoffs are not “cost driven” but are “targeted and strategic” and are an effort to reorganize for...

Hyderabad, India — The city of Hyderabad has been called the Silicon Valley of India. "Google, Facebook, and all the other bigger companies are here," Rajesh Jaknalli, who has worked for a U.S. tech company in Hyderabad for about 10 years, told CBS News. "This place is actually called High Tech City, but because of the many companies that we have, the term 'Cyberabad' has come," Jaknalli explained. Jaknalli says he has worked here with one goal, to get an opportunity to one day move to the U.S. "Our dream was to perform, give you 100%, and then probably, we'll...

On March 5, Politico economics correspondent Victoria Guida made it clear she's frustrated that President Trump isn't losing momentum. noted That March piece is dripping with frustration and irritation, starting with the headline: "Trump Keeps Gambling With the Economy — And Getting Away With It."Well it now appears that same bitterness on the part of Guida has carried over into April as reflected in title of her Friday story, "Job growth shatters expectations in March, in boost to Trump." And if you missed the bitterness in the title, the subtitle makes it quite clear, "That report gives the president some...

H-1B visa filings at major tech companies fell sharply late last year, according to federal data, as layoffs mount and new visa restrictions take hold. The decline comes as changes to the work visa program since September have made the process costlier and placed applicants under tighter scrutiny, and as tech goliaths like Amazon, Google, Meta, and Microsoft have undergone successive rounds of job cuts. Department of Labor data shows that some employers filed markedly fewer H-1B visa applications in the first quarter of fiscal 2026 than they did a year earlier. On the federal calendar, Q1 runs from October...

Artificial intelligence is changing the workplace faster than almost anyone expected just a few years ago, but despite all those scary headlines about AI replacing most jobs, the reality is more nuanced. Sure, AI may be replacing certain tasks, but it isn’t replacing careers. This is an important distinction, especially for students and early-career professionals trying to choose fields that will remain valuable long into the future. Here are some careers (and skills) that are resilient in 2026. AI Isn’t Eliminating Jobs OvernightOne of the most important developments since last year is what hasn’t happened. Despite rapid advances in generative...

As thousands of Oracle employees awoke on Tuesday to an email informing them they were being laid off, the workers likely didn’t know the tech company had been busy trying to hire foreign staff. According to U.S. Citizenship and Immigration Services data, Oracle filed for roughly 3,126 petitions to employ H-1B workers in fiscal years 2025 and 2026. Employers must submit the paperwork when seeking to hire foreign workers in specialty occupations like technology. Some 436 of those petitions were filed this year alone. Amazon, which in January said it would axe 16,000 corporate employees, has filed for some 2,675...

When you’re building at breakneck speed, hiring a trusted team is crucial for an early-stage startup. In this episode of Build Mode, Isabelle Johannessen sits down with Isaiah Granet, the CEO and co-founder of Bland, a voice AI company that has grown from pre-seed to Series B in just 10 months. Their team has ballooned to 75 people and Granet has tactical advice on how the company managed to find hidden talent in unlikely places. With a founding team fresh out of college, Bland’s early hires were selected for their passion, rather than pedigrees. “We were searching for a really...

Private job growth totaled 62,000 in March, down just 4,000 from February’s upwardly revised level but above the Dow Jones consensus for 39,000, according to ADP. Like February’s report, two sectors essentially provided all the gains. Education and health services contributed 58,000 — identical to the February total — while construction added 30,000.

Democrats have made it very clear that one of the reasons they support unfettered illegal immigration is that they want to import a slave-labor class that they can pay cheaply and keep in deplorable working conditions. They prove this every time they argue that, sans illegals, we wouldn't have anyone to clean our toilets or cut our grass and the price of our produce would go up because farmers would have to pay people a living wage to harvest crops (a lot of which is automated these days, anyway). Now the New York Times is playing that card again, this...

As a general rule, when the government intervenes in free economic transactions in a market, it distorts that market and makes people worse off. We might not see such negative effects as clearly as we can see the benefits to those whom the government directly helps—the negative effects can be broad and indirect. But such disadvantages are real. Short-term Pell grants are no exception. First, the context: Pell grants provide college students with thousands of dollars per year based on their ability to pay, the cost of university attendance, and the degree to which a student is part-time or full-time....

CNN is set to lay off staffers this week as boss Mark Thompson presses ahead with a sweeping digital overhaul — with deeper cuts looming as a potential merger reshapes the network’s future. The Warner Bros. Discovery-owned outlet is set to cut “a few dozen” staffers as it moves to modernize its 3,000-plus global workforce, according to the Status newsletter. The cuts are expected to hit roles not tied to growth areas, marking CNN’s latest move away from its cable roots and toward a digital-first future, Status reported. The move follows a prior round of cuts under Thompson, who eliminated...

The Department of Homeland Security said Monday that more than 400 Transportation Security Administration workers have quit their jobs so far since the start of the partial government shutdown last month. Airports nationwide are experiencing a TSA staffing shortage because workers are not being paid amid the shutdown, which began Feb. 14. President Donald Trump has sent Immigration and Customs Enforcement agents to airports to help with the shortage. Acting DHS Assistant Secretary Lauren Bis told The Hill that thousands of TSA employees have also used sick days because they are missing payments on things outside the workforce. The shortage...

Choosing when to collect Social Security retirement benefits is a consequential decision. It will affect your finances for the rest of your life. You’ll be able to claim reduced retirement benefits as early as 62.In fact, in 2022, nearly 30 percent of new Social Security beneficiaries began receiving benefits at age 62, according to the Bipartisan Policy Center. The full retirement age (FRA) for those born in 1960 or later is 67, according to the Social Security Administration (SSA). Although you can claim the benefits early, there are drawbacks. And one of them relates to any continued employment.Social Security Earnings...

Too old to be hired, too young to retire: 11 ways to survive the midlife reinvention years (Article can only be linked to, per FR rules.)

Undocumented immigrants are increasingly forming Limited Liability Companies (LLCs) in Florida to create a legal mechanism for self-employment, allowing them to work and earn income while navigating stricter employment laws. Florida law allows anyone, regardless of citizenship status, to form an LLC, provided they have a registered agent and a physical address. Why Illegal Aliens are Forming LLCs in Florida: Work Authorization Loophole: Federal law prohibits employers from hiring undocumented individuals, but there is no specific law forbidding undocumented immigrants from creating their own company. Establishing an LLC allows individuals to operate as independent contractors. Response to E-Verify Laws: Following...

Labor leaders, elected officials and community advocates gathered on the steps of City Hall on March 10 to launch the “$30 for Our City” campaign, backing legislation that would gradually raise New York City’s minimum wage to $30 an hour. The bill, introduced by Sandy Nurse, would nearly double the city’s current $17 hourly minimum and phase in the increase over several years, reaching $30 by 2030 for large employers. Supporters say the proposal is a response to the city’s worsening affordability crisis, arguing that wages have failed to keep pace with the cost of living. “Costs are up and...

The nation's largest labor group that represents thousands of farmworkers said on Tuesday it will not take part in any Cesar Chavez Day activities after allegations against the civil rights activist and union co-founder recently surfaced.