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Layoffs Hit Pandemic-Era Heights As Musk Slashes Federal Jobs, Trump's Widespread Tariffs Begin
The US saw one of its largest waves of layoffs in decades, fueled by billionaire Elon Musk's efforts to purge the federal government, as markets fear the financial impacts of President Donald Trump's sweeping new tariffs.
US employers announced 275,240 job cuts in March, outplacement firm Challenger, Gray & Christmas said on Thursday, Apr. 3. That's the third-highest monthly amount since Challenger began tracking layoffs in 1989, only surpassed by the height of the COVID-19 pandemic in April and May of 2020.
So far in 2025, employers have announced 497,052 job cuts — the highe…
Billionaire Business Owner Faces Backlash Over High-Priced Trump Fundraiser In Hamptons
Billionaire Stephen Ross, the chairman of the company that owns Equinox and SoulCycle is facing a massive backlash after news that he is hosting a mega fundraiser for President Trump at his Hamptons digs.
Apparently, hundreds of members of the health clubs for New York's elite have inundated the company with canceled memberships, and calls for boycotts and protests, multiple sources said.
Ross, the chairman of Related Companies, which is the parent company of both Equinox and Soul Cycle, will host the pricey fundraiser on Friday, Aug. 9, at his Southhampton home with his wife, Kara Ross, a…