Saturday, May 24, 2025

Creating liberating content

Asian currencies are expected to appreciate against the US dollar

Benefits of fish oil Fish oil, rich in omega-3 fatty

Maharashtra has set an ambitious target of becoming a $5-trillion

Yogic exercises for brain health In the fast-paced world we

Related News

Asian currencies are expected to appreciate against the US dollar in the long term, driven by higher gross national savings in emerging Asian economies compared to developed G7 nations, according

Benefits of fish oil Fish oil, rich in omega-3 fatty acids like EPA and DHA, has earned a glowing reputation in the wellness world — and for good reason. From

Maharashtra has set an ambitious target of becoming a $5-trillion economy by 2047, with Chief Minister Devendra Fadnavis highlighting the state’s comprehensive strategy to achieve this goal. Addressing the NITI

Yogic exercises for brain health In the fast-paced world we live in, mental clarity, memory retention, and emotional balance are more important than ever. Yoga, rooted in ancient Indian wisdom,

JK Cement Ltd on Saturday announced a robust 64.5% increase in its consolidated net profit, reaching Rs 361.33 crore for the March quarter of FY25. In comparison, the company had

Elon Musk looks on as U.S. President Donald Trump meets South African President Cyril Ramaphosa in the Oval Office of the White House in Washington, D.C., U.S., May 21, 2025.

Trending News

Asian currencies are expected to appreciate against the US dollar in the long term, driven by higher gross national savings in emerging Asian economies compared to developed G7 nations, according

Maharashtra has set an ambitious target of becoming a $5-trillion economy by 2047, with Chief Minister Devendra Fadnavis highlighting the state’s comprehensive strategy to achieve this goal. Addressing the NITI

Property prices increased in 48 out of 50 cities during the fourth quarter of the financial year 2024–25, according to data released by the National Housing Bank (NHB). The NHB’s

The Life Insurance Corporation of India (LIC) on Saturday announced that it has earned a Guinness World Record for the highest number of life insurance policies sold within 24 hours.The

India’s domestic aviation sector continued its upward trajectory in April 2025, as passenger traffic rose by 10.2% year-on-year, as per a report by ratings agency ICRA. An estimated 145.5 lakh

Banks across the country will remain closed today, on May 24, in observance of the fourth Saturday of the month. According to the Reserve Bank of India’s (RBI) official calendar,

Treasury Department is set to lay off a ‘substantial’ number of employees, official says

Word Count: 390 | Estimated Reading Time: 2 minutes


People take pictures of the U.S. Treasury Department building in Washington, D.C., on Feb. 6, 2025.

Mandel Ngan | AFP | Getty Images

The Treasury Department is planning to furlough a “substantial” level of its workforce in conjunction with Elon Musk’s efforts to shrink the size of the federal government, according to a court document.

As part of a complaint in a related case, Trevor Norris, the department’s deputy assistant secretary in human resources, indicated that the layoffs will be coming as part of the Department of Government Efficiency’s ongoing moves to cut the federal employee rolls.

In a sworn statement, Norris said the Treasury is wrapping up plans to comply with President Donald Trump’s executive order backing DOGE’s activity. The Treasury currently has more than 100,000 employees.

“These plans will be tailored for each bureau, and in many cases will require separations of substantial numbers of employees through reductions in force (RIFs),” Norris said in an affidavit.

The case involves a complaint by the state of Maryland to get a stay on the layoffs. In recent days, three judges have issued restraining orders putting temporary halts on DOGE’s efforts to hit several departments.

“The Treasury Department is considering a number of measures to increase efficiency, including a rollback of wasteful Biden-era hiring surges, and consolidation of critical support functions to improve both efficiency and quality of service,” a Treasury spokesperson said in a statement. “No final decisions have yet been made, and any current reporting to the contrary is false.”

Bloomberg News first reported the planned layoffs.

Get Your Ticket to Pro LIVE
Join us at the New York Stock Exchange!
Uncertain markets? Gain an edge with 
CNBC Pro LIVE, an exclusive, inaugural event at the historic New York Stock Exchange.

In today’s dynamic financial landscape, access to expert insights is paramount. As a CNBC Pro subscriber, we invite you to join us for our first exclusive, in-person CNBC Pro LIVE event at the iconic NYSE on Thursday, June 12.

Join interactive Pro clinics led by our Pros Carter Worth, Dan Niles and Dan Ives, with a special edition of Pro Talks with Tom Lee. You’ll also get the opportunity to network with CNBC experts, talent and other Pro subscribers during an exciting cocktail hour on the legendary trading floor. Tickets are limited!

Don’t miss these insights from CNBC PRO



Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account