Labor economy
CFPB’s new leadership begins staff purge with dozens of employees terminated
Key Points The Consumer Financial Protection Bureau sent termination notices to several dozen employees, according to people with knowledge of the situation. The affected staff were mostly those with probationary status, said the people, who asked for anonymity to speak candidly after orders to stop all agency work, including speaking with reporters. Several of those […]
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Healthy Returns: What to know about Trump’s NIH funding cuts
Biotech researchers. Janiecbros | E+ | Getty Images A version of this article first appeared in CNBC’s Healthy Returns newsletter, which brings the latest health-care news straight to your inbox. Subscribe here to receive future editions. The Trump administration is trying to implement major funding cuts to the National Institutes of Health that would cap […]
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Fintech unicorn Zepz to lay off 20% of its global workforce, sources say
Mark Lenhard, CEO of U.K.-based remittances platform Zepz. Lukas Schulze | Sportsfile for Web Summit via Getty Images LONDON — British digital remittances company Zepz is laying off dozens of IT workers and is in the process of closing down business units in Poland and Kenya. Roughly 200 staff members will be impacted by the […]
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Judge to consider extending pause on Trump’s federal worker buyout plan
U.S. President Donald Trump meets with Japan’s Prime Minister Shigeru Ishiba (not pictured) at the White House in Washington, U.S., Feb. 7, 2025. Kent Nishimura | Reuters The federal judge who paused the Trump administration’s offer of mass buyouts for government workers will hear arguments Monday afternoon about the legality of the “deferred resignation” program. […]
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U.S. judge declines to block Elon Musk’s DOGE from Labor Department systems
Tesla and SpaceX CEO Elon Musk arrives to the inauguration of U.S. President-elect Donald Trump in the Rotunda of the U.S. Capitol on Jan. 20, 2025 in Washington, DC. Chip Somodevilla | Via Reuters A federal judge on Friday declined to block Elon Musk’s government cost-cutting department from accessing the U.S. Department of Labor’s systems, […]
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White House pins ‘weak’ jobs numbers on Biden, touts Trump plan
President Donald Trump’s new Press Secretary Karoline Leavitt is interviewed by FOX News on her first full day of work at the White House on January 21, 2025 in Washington, DC. Tuesday marks the first full day of Trump’s second term in the White House. Chip Somodevilla | Getty Images The White House on Friday […]
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Japan’s household spending massively beats expectations, boosting case for further BOJ hikes
A customer picks up a snack at a supermarket store in Tokyo, Japan, on Tuesday, July 27, 2021. Noriko Hayashi | Bloomberg | Getty Images Japan’s household spending in December rose 2.7% year on year in real terms, massively beating expectations from economists polled by Reuters and marking its first rise since July 2024. The […]
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Trump administration demands lists of low-performing federal workers
U.S. President Donald Trump walks on the day of the annual National Prayer Breakfast at the U.S. Capitol in Washington, U.S., February 6, 2025. Kevin Lamarque | Reuters The Trump administration on Thursday ordered all federal departments and agencies by March 7 to submit lists of employees who received less than “fully successful” job performance […]
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Trump federal employee buyout deadline faces court challenge
Trump supporters walk near the U.S. Capitol building as the sun sets the day U.S. President Elect Donald Trump was declared the winner of the presidential election in Washington, U.S., November 6, 2024. Leah Millis | Reuters A lawsuit challenging the Trump administration’s offer of buyouts to federal government employees will be heard by a […]
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Gen Z workers feeling isolated by tech are craving more in-person interaction: survey
“They’re not looking to hide behind screens; they’re actively seeking opportunities to build interpersonal skills and meaningful professional relationships. This generation has a sophisticated understanding of when technology helps and when it hinders real connection,” says Freeman CEO Janet Dell. Hobo_018 | E+ | Getty Images Gen Z workers often get flak for the remote […]
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