President Donald Trump ordered Pentagon to scale back on South Korea exercises. Trump posted on Truth Social: "Based on my very good relationship with Kim Jong Un, of North Korea, I am not happy with the fact that the United States has, long ago, agreed to participate in Joint Military Exercises with South Korea. These exercises are not only costly, with much of these costs paid for by the United States of America (as usual!), but send a signal that is totally inappropriate and hostile, to a Country that, as long as Donald J. Trump has been President, has been unthreatening and respectful. Therefore, and based on the fact that it is too late to cancel, I have instructed Secretary of War, Pete Hegseth, to substantially reduce the Joint…
DOGE's website reports $215 billion in total savings across all categories, including asset sales, workforce reductions and regulatory changes. That figure has not changed since Jan. 1. It is a fraction of the $2 trillion Elon Musk initially suggested.
The Forest Service is trying to shut down research hubs because it says it needs to live within its means. But the agency plans to close facilities that cost less than $1 to rent while keeping open one that costs $1 million.
Starbucks officials didn’t respond to requests for comment, and it's unclear whether the moves are related to cost-cutting efforts by Starbucks' CEO Brian Niccol.
The era of ever-expanding workplace perks is ending. It's not just free kombucha and laundry — policies like paid parental leave and retirement matches are on the chopping block. Why it matters: Corporate America spent the labor-shortage years competing to offer the most generous workplace benefits. Now, with health-care cost soaring, workers leverage shrinking and an AI reckoning , some employers are rolling them back. The big picture: First it was the return to the office . Now benefits that became standard during COVID and workforce shortages — from fertility subsidies to 401(k) matches — appear on shakier ground in an era dominated by AI spending and rising health costs. What's happening: Deloitte and Zoom are among the…
