News for the federal worker and those interested in official news of the federal government, federal civilian service employees and civil servants. Various federal news articles with reference citations.
Snippet of Article: "...Visa (V.N), opens new tab is planning to lay off about 1,400 employees and contractors by the end of the year, the Wall Street Journal reported, opens new tab on Tuesday, as the card giant looks to streamline its international business. About 1,000 of the cuts are expected to eliminate technology positions..."
Source: www.reuters.comSnippet of Article: "...Hundreds of PepsiCo workers are being laid off, after the company decided to close the plant..."
Source: abc7chicago.comSnippet of Article: "...Stellantis NV continued to slash vehicle production and cut jobs in the United States this week, including at the automaker's Detroit Assembly Complex where the Jeep Grand Cherokee and Dodge Durango SUVs are built.
Vehicle production at both the Mack and Jefferson sides of the east-side complex is paused this week, with workers temporarily laid off. Notices sent to workers said certain positions were still expected to report. Mack builds the Grand Cherokee, while Jefferson makes both the Grand Cherokee and Durango.
"Stellantis continues to take the necessary actions to align production with sales..."
Snippet of Article: "...Boeing said planned layoffs of 10% of its workforce will move forward even if the machinists' strike ends next week, according to a spokesperson. Information released to KING 5 by a vetted source indicates the layoff notices will be delivered mid-November, and the last day on the payroll for thousands of employees will be Jan. 17. Managers and executives will also be impacted by the job cuts. ..."
Source: www.king5.comSnippet of Article: "...what we find is that in January, the number of native-born worker tumbled again, sliding by a massive 560K to just 129.807 million. Add to this the December data, and we get a near-record 1.9 million plunge in native-born workers in just the past 2 months!...For those asking, the revisions were unambiguously designed to give the impression that the labor market is slowing much less than it is. Consider this: before the revision, the average monthly job gain in 2021 was largely unchanged (606K pre-revision vs 604K post), and while the average monthly gain in 2022 was revised lower (from 399K to 377K), this was purposefully goalseeked to make 2023 appear stronger, and indeed the average monthly increase in 2023 has been revised from 225K to 255K.
Which would be great, if only it wasn't almost entirely due to the BLS's latest choice of seasonal adjustments, which have gone from merely laughable to full clownshow, as the following comparison between the revised BLS Payrolls number and the ADP payrolls show: the trend is clear: the Biden admin numbers are now clearly rising even as the impartial ADP (which directly logs employment numbers at the company level and is actually far more accurate), shows an accelerating slowdown. ..."
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