Tag: slashes
Sweeping cuts hit recent federal hires as Trump administration slashes workforce
By Shannon Bond , Geoff Brumfiel , Andrea Hsu , Cory Turner Federal workers have begun receiving layoff notices as the Trump administration moves ahead with plans to drastically downsize the government. While the full scale of layoffs isn’t yet clear, the first round of cuts appeared to target employees who were recently hired and…
Bank cuts interest rates and slashes growth forecast
The Bank of England has halved its growth forecast for this year as it cut interest rates to the lowest level for more than 18 months. The economy is now expected to grow by 0.75% in 2025, the Bank said, down from its previous estimate of 1.5%. The government has made growing the economy one…