Supreme Court greenlights layoffs
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If the Trump trade wars caused any major private-sector layoffs, there’s little sign of it. Initital jobless claims fell last week to a nearly two-month low.
Pacira BioSciences (NASDAQ:PCRX) announced plans to lay off 71 employees, nearly 8% of its total workforce, on Thursday, attributing the decision to enhanced manufacturing efficiencies related to its pain therapy Exparel.
Microsoft plans to donate $4 billion worth of cash, technology and training to enhance artificial intelligence education, a substantial bequest as the Redmond software giant aims to make billions more off a technology it expects to be on par with the introduction of electricity.
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Plus, Medicaid and Affordable Care Act cuts in Donald Trump's domestic policy bill have rural hospitals considering what services they might have to cut.
WASHINGTON − The Department of Veterans Affairs has massively scaled back a DOGE-backed plan to sack more than 76,000 employees, saying it had "eliminated the need" for the huge workforce cut. A leaked memo from VA leadership obtained by USA TODAY and other outlets in March outlined a plan to shed more than 76,
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Agency says it is on pace to reduce its total staff by nearly 30,000 employees by the end of this fiscal year through retirements, attrition and deferred resignations after previously saying it would need to cull 83,
A federal judge ordered the Trump administration to bring back the workers, but they remain effectively on leave.
Shares of Dow Inc. took a dive Monday, after the chemical and plastics company said cost cuts are deepening, as it will close plants and lay off more people in response to continued weak demand.
On June 16, Levi Strauss & Co. filed a Worker Adjustment and Retraining Act (WARN) notice with Kentucky officials, with layoffs to begin August 18. Labor attorneys are now investigating whether Levi's provided employees with adequate advance notice under federal law, raising the possibility of legal exposure.