insert_link World 21 DOGE Employees Resign in Protest Twenty-one federal employees who had been working with the US's newly-named Department of Government of Efficiency - or DOGE - have resigned in protest. The anonymous employees wrote a letter blasting the Trump administration's controversial cost-cutting initiative which is being led by Elon Musk. Ira Spitzer reports. today26 February, 2025
insert_link World Head of US Social Security resigns amid DOGE requests The acting head of the US Social Security Administration has stepped down after apparently refusing to hand over sensitive information to Elon Musk's Department of Government Efficiency. Michelle King is the latest high-ranking official to resign in relation to requests amid the Trump administration's cost-cutting drive. Nick Harper reports from Washington. today19 February, 2025
insert_link Business / Economics Oil giant Chevron slashing up to 20% of its global workforce Mass layoffs coming to Chevron. The oil major says it's slashing up to 20% of its global workforce as part of a cost-cutting effort. It's the last oil and gas company to cut headcount among lower prices. Toni Waterman has more. today13 February, 2025
insert_link World Vietnam restructures media in cost-cutting drive One of Vietnam's largest state TV broadcasters went off air today as part of sweeping bureaucratic reforms that will see 20 percent of the public workforce cut across the country. The ruling Communist party wants to streamline the political system to reduce red tape and slash spending. The reforms will see eight ministries and government agencies cut and media organisations restructured in reforms described as "a revolution" by senior officials. […] today15 January, 2025
insert_link Business / Economics Nokia sees ‘challenging’ 2024 after profits plunge Finnish telecommunications equipment maker Nokia warned Thursday that it expects another tough economic environment in the first half of this year after its net profit sank in the 2023. Nokia and its Swedish rival Ericsson have launched cost-cutting programmes as their customers have reduced spending amid a slowing global economy. The Finnish firm reported a profit of 679 million euros ($739 million) for last year, down 84 percent […] today25 January, 2024
