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New and seasonal hires are typically announced during Q4. The opposite is unfolding amid stagflation. UPS announced that, despite favorable earnings, it has cut its operational workforce by 34,000 positions, greater than the initial estimate of 20,000, and an additional 14,000 positions from management. Shrinking a package delivery service ahead of the holiday season signals a broader trend. Artificial intelligence has been employed in operations to meet growing customer demand. The service has loosened its ties with Amazon, delivering 21.2% fewer packages than last quarter while demand during the first half of the year declined by 13%. Amazon itself will...

(DCNF)—CBS News editor-in-chief Bari Weiss’ tenure began with significant layoffs announced by Paramount Skydance CEO David Ellison in a memo Wednesday, according to The Guardian. The cuts, planned before she was named to the post, affect roughly 100 staffers at CBS News, including virtually all of the outlet’s “race and culture” section, The Guardian reported, citing Puck News reporter Dylan Byers. One staffer told The Guardian the cuts, which involved about 1,000 total employees across Paramount, were a “bloodbath.” Scoop @PuckNews: CBS NEWS leadership will announce layoffs tomorrow... Nearly 100 jobs will be affected across the division, as I've long...

Companies are downsizing as the future looks bleak. Third-nation outsourcing is prevalent, and the domestic workforce is tightening. Several corporations shrank their workforce significantly this year in a trend that will continue as the economy turns down. GEICO insurance company, a subsidiary of Berkshire Hathaway, reduced its workforce by 30,000 positions. Insurance may have seemed like a stable industry, but insurers are facing high competition and lower margins. The company believes it can save $20 billion annually by scaling its workforce and moving some of its operations to Florida. Many of these positions related to network management, data, security operations,...

Key Points Rivian Automotive reportedly plans to lay off more than 600 people. EV makers are facing a more challenging market amid changing regulations under the Trump administration. ============================================================ DETROIT – Rivian Automotive reportedly plans to lay off more than 600 people as the all-electric vehicle maker faces growing market challenges. The Wall Street Journal, which first reported the plans, said the layoffs will affect roughly 4% of the company’s workers. Rivian had just under 15,000 employees at the end of last year. A source familiar with the plans confirmed the layoffs to CNBC and said additional details are set...

What could go wrong?As the ancient proverb says, “if at first you don’t succeed at doing the idiotic thing you were trying to do, raise the price and try to do it all over again.”CNN’s effort to launch CNN+, a paid streaming service, at a time when its core ratings are crashing is confusing observers who wonder why the news network thinks people will pay for CNN when they won’t even watch it for free.CNN President Jeff Zucker billed CNN+ as being for “CNN superfans, news junkies and fans of quality non-fiction programming.”Spoiler alert: CNN superfans are almost as real...

The United States government shutdown drags on, marking a pivotal moment in America’s fiscal and constitutional history. President Donald Trump, the negotiator-in-chief, isn’t blinking. He’s swinging the axe at bloated, Democrat-run bureaucracies that have taken trillions from hardworking Americans for decades. While Nancy Pelosi and her party claim "chaos" and Trump is turning crisis into clarity — freezing $26 billion in blue-state pork, halting green-energy pet projects and directing departments to prepare reduction-in-force plans as part of a broader review of spending and accountability. Those plans are now in motion: the Office of Management and Budget confirmed that federal layoffs...

Former House Speaker Newt Gingrich (R-Ga.) praised President Trump for being “willing to take the heat” after thousands of furloughed federal employees were laid off during the government shutdown. “What’s fascinating, if you watch, Trump has now begun to systematically lay off people permanently,” Gingrich said Sunday on the “Cats Roundtable” radio show hosted by John Catsimatidis on WABC 770 AM. “I think what Trump is gambling is that he can actually change the federal government dramatically during the shutdown.” “He’s willing to take the heat because, frankly, when he’s busy going to the Middle East to be part of...

President Trump on Friday said the ongoing layoffs of furloughed federal workers amid the government shutdown will be “Democrat-oriented.” “And it will be Democrat-oriented, because we figure, you know, they started this thing,” he said in the Oval Office about the firings and shutdown. “It’ll be a lot.” The administration offered no specifics on which agencies or how many people would be affected when it announced the layoffs earlier Friday. But at least 4,100 government employees were already laid off. Here is The Hill’s list of agencies affected so far. The Senate voted against the House GOP bill to open...

Almost every week the world takes another step in the direction of artificial general intelligence. The most powerful ai models can do an astonishing array of tasks from writing detailed reports to creating video on demand. Hallucinations are becoming less of a problem. Small wonder, then, that so many people worry they will soon be surplus to requirements. Earlier this year global Google searches for “ai unemployment” hit an all-time high. In cities such as London and San Francisco, “How long do you reckon you have left in your job?” is a common topic of conversation. But is Chatgpt actually...

Hundreds of Starbucks baristas across the country have been left without jobs, following the coffeehouse’s recently announced decision to close 1% of its stores — roughly 400, in total — in North America this month. The move to shutter these locations, according to Starbucks CEO Brian Niccol, is part of a larger $1 billion restructuring plan. The coffee chain will also be laying off 900 corporate employees as a result. “Each year, we open and close coffeehouses for a variety of reasons, from financial performance to lease expirations. This is a more significant action that we understand will impact partners...

Ahead of a possible government shutdown on October 1st, the White House Office of Management and Budget has instructed federal agencies to prepare for mass layoffs. Thousands of federal employees — specifically in agencies that lack funding and don’t align with President Trump’s goals — could permanently lose their jobs if the shutdown happens. ...details: BREAKING: TRUMP ADMIN THREATENS MASS FEDERAL LAYOFFS IN SHUTDOWN OMB Director Russ Vought ordered agencies to prepare Reduction in Force (RIF) notices for “thousands” of federal employees if government shuts down October 1. The memo directs layoffs for any programs that: lack funding, aren’t covered...

Rolling Stone was hit with a series of high-profile layoffs this week, which we can only hope means the magazine will get what it deserves: a long, slow, painful, and humiliating death. “An unknown number of Rolling Stone staff, including some of the storied publication’s most prominent voices, were laid off on Monday,” reports the far-left Wrap. Tee hee. Those s******ed include “executive digital director Lisa Tozzi, chief television critic Alan Sepinwall and copy chief Steven Pearl.” Learn to coalmine. …

Bosses today aren’t just unapologetic about staff cuts. Many are touting shrinking head counts as accomplishments in the AI era.Big companies are getting smaller—and their CEOs want everyone to know it. The careful, coded corporate language executives once used in describing staff cuts is giving way to blunt boasts about ever-shrinking workforces. Gone are the days when trimming head count signaled retrenchment or trouble. Bosses are showing off to Wall Street that they are embracing artificial intelligence and serious about becoming lean. After all, it is no easy feat to cut head count for 20 consecutive quarters, an accomplishment...

The number of Americans filing new applications for jobless benefits fell to a three-month low last week, pointing to stable labor market conditions, though sluggish hiring is making it harder for many laid-off workers to land new opportunities. The lack of material labor market deterioration likely gives the Federal Reserve cover to keep interest unchanged next week amid signs that President Donald Trump's aggressive tariffs on imports were starting to lift inflation. Trump is pressuring the U.S. central bank to resume its interest rate cuts. "At the moment, the labor market is holding up with financial markets holding their breath,"...

There’s an old saying that goes, something that can’t go on forever won’t. Chicago is now in the early stages of learning that this applies to their public school system. They’re facing a massive budget deficit of $734 million and are on pace to lay off almost 1,500 teachers and staffers. Perhaps Mayor Brandon Johnson should have been more focused on delivering the services that American citizen taxpayers paid for and less on the needs of illegal immigrants and Chicago’s ‘sanctuary city’ status. ... Chicago Public Schools parents and community members sounded off on Monday, three days after the district...

The Supreme Court on Monday allowed President Trump to resume efforts to dismantle the Department of Education in an apparent 6-3 vote along ideological lines, lifting a judge’s order to reinstate employees terminated in mass layoffs. The administration’s victory enables the president to move closer to fulfilling of one of his major campaign promises to oversee the elimination of the the Education Department, which was created in the 1970s. The majority did not explain their reasoning, as is typical in emergency decisions. The court’s three Democratic-appointed justices publicly dissented, calling their colleagues’ ruling “indefensible.” “It hands the Executive the power...

New CEO Lip-Bu Tan is streamlining Intel’s operations and reducing spending in response to a sharp downturn in sales and technological setbacks that rendered Intel an also-ran in an industry it helped invent. Intel had been firing workers all last week but then Friday evening came word the company plans to lay off nearly 2,400 Oregon workers. Intel’s position in the industry has slumped badly. The company’s market value is around $100 billion, about half what it was just 18 months ago. Nevertheless, the company is hugely important to Oregon as one of its largest private employers. Across the U.S.,...

The State Department informed U.S.-based employees on Thursday that it would soon begin laying off nearly 2,000 workers after the recent Supreme Court decision allowing the Trump administration to move forward with mass job cuts as part of its efforts to downsize the federal workforce. The agency's reorganization plan was first unveiled in April by Secretary of State Marco Rubio to eliminate functions and offices the department considered to be redundant. In February, President Donald Trump issued an executive order directing Rubio to revamp the foreign service to ensure that the president's foreign policy is "faithfully" implemented. Employees affected by...

Microsoft says it is laying off about 9,000 workers, its second mass layoff in months and its largest in more than two years. The tech giant began sending out layoff notices Wednesday that hit the company’s Xbox video game business and other divisions. Among those losing their jobs are 830 workers tied to Microsoft’s headquarters in Redmond, Washington, according to a notice sent to state officials Wednesday.

A new report from the head of the IRS’s Taxpayer Advocate Service shows that the agency has lost more than one-quarter of its workforce since President Donald Trump assumed office.The overhaul is consistent with the administration’s effort to slim down the federal government, but it raises questions about the agency’s readiness for the 2026 tax season.According to the June 25 report, the IRS workforce has dropped from 102,113 employees to 75,702 since January—a roughly 26 percent reduction. The majority of those departures came through voluntary exit programs rolled out by the Department of Government Efficiency (DOGE), a Trump administration initiative...