Washington, United States: The prestigious Johns Hopkins University said Thursday it is being forced to lay off more than 2,000 employees in the aftermath of the Trump administration’s massive reduction in foreign aid funding. “This is a difficult day for our entire community. The termination of more than $800 million in USAID funding is now … Read more
(Bloomberg) — Whether firms are investing in AI infrastructure or using it to trim fat out of their businesses, the message from some of the world’s top financial executives: Jump in or lose out. Every firm that Iconiq Capital invests in is embracing AI, according to partner Michael Anders. Goldman Sachs Group Inc. Chief Information … Read more
JPMorgan Chase CEO and Chairman Jamie Dimon has been emphatic about employees returning to the office (RTO) to work, dismissing hybrid or work-from-home (WFH) options for his workforce. During the recent company town hall on February 12, one staff member who disagreed was allegedly fired for questioning Dimon about the RTO policy, according to a … Read more
American multinational bank, JPMorgan Chase, has started notifying employees of job cuts as part of a series of downsizing efforts throughout 2025, reports said. Barron’s reported, citing people familiar with the matter, that managers at JPMorgan Chase have started informing employees. Fewer than 1,000 employees will be laid off in February and the bank is … Read more
Democratic lawmakers are criticizing what they call the Trump administration’s “extreme” efforts to reshape the U.S. government, vowing to oppose the changes despite limited political capital in both chambers of the U.S. Congress. Republicans, however, defend the moves. Katherine Gypson reports.
Significant layoffs continue to sweep across major big tech and corporate firms in 2025. Following similar decisions by Microsoft, Meta, and Amazon, Archer-Daniels-Midland (ADM) and Salesforce have joined the expanding list of industry titans trimming their staff. ADM to cut up to 700 jobs worldwide amid cost-cutting efforts According to Reuters, ADM, a major international … Read more
Estee Lauder layoffs: Luxury skincare and makeup brand Estee Lauder may cut nearly 7,000 jobs by the fiscal year 2026. The layoffs will constitute more than 11% of its workforce. The company plans to cut jobs after reporting losses in the recent quarter in addition to a 6 per cent fall in sales, according to … Read more
(Bloomberg) — Archer-Daniels-Midland Co. said it will reduce its work force as the company expects profits to decline for a third straight year. The Chicago-based crop trader plans to cut between 600 and 700 jobs globally this year, the company said in a statement Tuesday. That’s part of a plan to achieve as much as … Read more