Henrik Fisker had grim news for his staff when they logged on to a short all-hands meeting Wednesday morning. The electric carmaker was implementing yet another round of layoffs, he said. Four…
Tag: cut
The Fed likely won’t cut rates until after a recession strikes, research firm says
The Fed likely won’t cut interest rates until after a recession arrives, according to GlobalData TS Lombard. The research firm said Fed Chair Powell is likely to fall into the trap of…
Trump’s campaign goes into damage control mode after he suggests cutting Medicare and Social Security benefits
Donald Trump on Monday unintentionally handed President Joe Biden a gift while speaking to CNBC. When asked how the country could cut discretionary spending and his outlook on handling entitlements like Social…
A Colorado police department cut staff’s hours by 20% without reducing their pay. A sergeant says he has more time to watch his kids play sport and goes to work in a better mood.
The City of Golden Police Department moved all staff to a 32-hour schedule, including the chief. Staff are still paid the same. Employee retention has improved, Sergeant Ben Salentine told BI. Salentine…