Jobs

Paramount Global is slashing its U.S. workforce by 3.5% as it takes "hard, but necessary steps to further streamline" the company, according to a memo obtained by FOX Business.

President Donald Trump criticized Federal Reserve Chairman Jerome Powell again, calling him "Too Late," and argued for a full percentage point interest rate cut.

The Labor Department reported that the U.S. economy added 139,000 jobs in May, as employers slowed the pace of hiring amid uncertainty over economic conditions and policies.

Layoffs increased by nearly 50% in May compared with last year, as DOGE was cited as the leading cause of 284,044 job cuts in 2025 so far, representing about 40% of cuts.

Procter & Gamble is slashing up to 15% of its non-manufacturing positions over the next two years as part of a broader restructuring effort. The cuts will affect up to 7,000 roles.

A federal judge blocked the Trump administration from closing Job Corps centers after the Department of Labor announced plans to end the program.

The figure reported on Wednesday is well below economists’ estimates of 110,000 jobs and also down from the prior month’s revised reading of 60,000 jobs.

The U.S. faces job losses as outdated labor policies clash with aggressive tariff use, highlighting the need for reform to sustain manufacturing growth.

Disney's strategic layoffs aim to streamline operations while boosting creativity, as the company advances its direct-to-consumer streaming service ESPN.

Speaking at a U.S. Steel plant in Pennsylvania, President Donald Trump touted his administration’s economic successes and promoted the “big, beautiful" budget bill.

At Home Group Inc. is reportedly set to file for Chapter 11 bankruptcy amid liquidity issues and tariff pressures, seeking new suppliers to mitigate financial challenges.

Weekly jobless claims in the U.S. increased more than expected in May to a seasonally adjusted 240,000 for the week ended May 24, according to the Labor Department.

Mike Rowe proposes redirecting federal grants from Harvard to trade schools, highlighting the need for skilled trades and addressing the skills gap in America.

Joann's 80-plus year run will come to an end as the rest of the bankrupt crafts retailer's stores are slated to shutter permanently at the end of the month.

General Motors is investing heavily into a New York plant that will produce its next generation of V-8 engines that will go into trucks and SUVs.

Volvo is looking to lower costs by cutting thousands of jobs, they announced on Monday. Most of its production based in Europe and China.

Britain will spend a record $4 billion to increase training opportunities as part of an effort to train locals and reduce reliance on foreign workers.