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CUTS TO FEDERAL WORKFORCE
US jobless aid filings rise to 229,000 last week, remain historically low despite Iran war headwindsAmerica's jobless claims saw a slight increase last week, yet remain historically low. This comes despite economic challenges linked to the...11 Jun, 2026, 06.25 PM IST- Oracle awarded US contract to provide government-wide HR softwareOracle will provide a cloud-based HR platform to replace the individual systems of agencies, Office of Personnel Management Director Scot...11 Jun, 2026, 08.06 AM IST
- US job growth likely slowed in May, labor market seen stable despite oil shockAmerica's job growth is expected to slow in May after strong previous months. The labor market remains stable. Economists believe the Middl...05 Jun, 2026, 09.49 AM IST
- Social Security disability benefits under pressure: Why 7,100 SSA layoffs could reshape disability claims in 2026More than 7,100 Social Security Administration jobs have disappeared, marking the largest workforce reduction in agency history. The move c...03 Jun, 2026, 12.59 AM IST
- Oracle to complete 30,000 job cuts by June 15: What's the reason, which team is impacted the most and what Oracle workers could be giving up when they sign severance agreementsOracle layoffs 2026: Oracle is finalizing its largest workforce reduction, with approximately 30,000 employees departing by mid-June. Despi...01 Jun, 2026, 10.07 PM IST
- AI chiefs walk back job apocalypse warningsLeading AI figures like Nvidia's Jensen Huang and OpenAI's Sam Altman are now downplaying fears of mass job losses due to artificial intell...28 May, 2026, 07.52 AM IST
- A Nobel economist knew 60 years ago that people learn best on the job, and now the Atlanta Fed says companies automating lower payroll costs may be sawing off the branch they’re sitting onEntry-level jobs in the U.S. are becoming scarce, with AI automating tasks previously handled by new graduates. This trend, driven by short...25 May, 2026, 02.40 PM IST
- US stocks today: S&P 500 rises on Mideast peace hopes as oil prices dipUS stocks ended slightly higher as markets reacted to mixed corporate earnings and shifting geopolitical signals around Iran peace talks. S...22 May, 2026, 01.36 AM IST
- US stocks today: US stocks slips as oil jumps on renewed Mideast concernsWall Street slipped as oil prices jumped after Iran signaled a tougher nuclear stance, raising fears of prolonged supply disruption. Rising...21 May, 2026, 08.37 PM IST
- US jobless aid filings fell to 209,000 last week as layoffs remain low despite economic uncertaintyJobless claims saw a dip last week, indicating continued low layoffs. However, the economy faces significant challenges. The Iran war has d...21 May, 2026, 06.46 PM IST
- The AI blindspot: Layoffs are piling up, but where are the returns?Companies are cutting jobs to fund AI, but this strategy may not work. A global survey shows that reducing staff does not guarantee better ...19 May, 2026, 09.37 PM IST
- With largest US commuter rail system shut down, federal labor officials urge unions to resume talksFederal officials urged unions representing workers at the Long Island Rail Road to resume negotiations after a strike entered its second d...18 May, 2026, 06.37 AM IST
- Central govt employees body seeks 'work from home', online meetingsA central government employees' association has urged the Centre to issue guidelines for work from home and virtual meetings. This follows ...13 May, 2026, 08.37 PM IST
- Tax cuts collide with inflation as voters weigh Trump's economy in the midtermsVoters in North Carolina face a tough economic choice. While tax cuts aim to boost incomes, rising prices for rent, food, and fuel are a ma...13 May, 2026, 03.26 PM IST
- US stocks today: S&P 500 and Nasdaq notch records, boosted by AI and earnings optimismThe S&P 500 and Nasdaq reached record highs, driven by AI-related stocks like Nvidia and Sandisk, alongside a resilient jobs report. Despit...09 May, 2026, 01.32 AM IST
- US stocks today: S&P 500, Nasdaq hit fresh peaks as tech stocks, jobs data lift sentimentU.S. stocks surged at Friday's open, driven by a robust employment report that alleviated concerns about a cooling labor market. A rebound ...08 May, 2026, 07.53 PM IST
- US jobless aid filings fall to 189,000 despite economic headwinds and war in IranUS jobless claims dropped significantly last week, falling below 200,000. This occurred despite ongoing economic challenges, including the ...30 Apr, 2026, 07.38 PM IST
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