workforce cuts
Coverage of workforce cuts in the Nexus archive.
- National Weather Service operating with less experienced staff, data gaps amid hurricane season
The National Weather Service is operating with less experienced staff and data gaps during peak hurricane season. The agency eliminated 15% of its workforce under the Trump administration's job cuts. Environmental policy expert Tracy Wholf provided further context on the issue.
- WATCH: Saks exits bankruptcy with $500M financing and luxury-focused pivot
Saks Global has exited bankruptcy with $500M in financing and is restructuring through store closures, workforce reductions, and a strategic shift toward luxury retail and service. ABC News' Michelle Franzen and retail analyst Hitha Herzog analyzed the company's transformation.
- Google DeepMind economist sees no AI jobs bloodbath yet, but warns of a layoff cascade
A Google DeepMind economist, Alex Imas, stated there is no evidence of widespread AI-driven job losses but warned of a potential 'cascade effect' of layoffs driven by corporate panic. He emphasized that current data does not show a 'white-collar bloodbath,' though AI could automate tasks to boost productivity. Google DeepMind reiterated that the scenario discussed was hypothetical.
- CFTC turns to AI for crypto registration applications in an effort to offset workforce cuts: report
The CFTC is using artificial intelligence to review crypto-related registration applications to address workforce cuts, as reported by CoinDesk.