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Elon Musk threatens federal workers to report their weekly accomplishments or resign, amid aggressive downsizing efforts by the Trump administration.
The IRS is set to lay off around 6,700 employees under President Trump's downsizing efforts, led by Elon Musk, amid a busy tax-filing season.
A new survey indicates that 41% of companies plan to reduce their workforce due to advances in AI technology over the next five years.
Job cuts reached a 15-year peak in 2024, with major declines in technology, healthcare, and automotive sectors amid economic uncertainties.
UK firms anticipate raising prices and cutting jobs following increased social security contributions, as indicated by a recent Bank of England survey.
Global banks may reduce up to 200,000 jobs in the coming years as AI increasingly automates tasks traditionally performed by humans.
Microsoft plans job cuts focusing on underperforming staff, with details on employee reductions currently undisclosed.
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