Economic Strain Forces Stanford to Cut 363 Jobs
Stanford University will lay off 363 employees as part of a $140 million budget reduction in response to mounting economic pressures tied to federal policy changes. University leaders cited cuts to research funding and a sharp increase in the endowment tax as key...
Garonit Pharmaceutical Investing $46M in New Windsor, NY Pharma Facility
Garonit Pharmaceutical will invest $46.1 million to build a 200,000-square-foot manufacturing and R&D facility in New Windsor, Orange County, which is set to become the world’s largest chlorhexidine gluconate production site. The project is supported by $3.8...
Macon County, AL Advances Industrial Site Growth With $4 Million Investment
Macon County, Alabama, is accelerating its economic growth as the Macon County Economic Development Authority receives a $2.7 million SEEDS grant to develop a 360-acre industrial site and $1.3 million through the Alabama Industrial Access Road & Bridge Corp. for...
Trump Fires Labor Stats Commissioner After Weak Jobs Report
President Trump ordered the firing of Labor Statistics Commissioner Erika McEntarfer after a disappointing July jobs report showed weaker-than-expected hiring and major downward revisions to May and June's numbers. The move sparked criticism from economists and...
Here’s Where Job Losses Are Piling Up the Fastest
The U.S. job market slowed sharply in July, with nonfarm payrolls rising by just 73,000, which is the weakest gain in months. Nearly all of that growth came from the health care and social assistance sector, which added 73,300 jobs, offsetting losses in more than half...
AI Linked to Thousands of Job Cuts
The U.S. job market is being reshaped by artificial intelligence, with more than 10,000 layoffs this year tied to AI adoption and over 27,000 since 2023, according to Challenger, Gray & Christmas. AI's impact on hiring is hitting younger workers hardest, with...
ECP and KKR to Build $4 Billion Hyperscale Data Center in Texas
Energy Capital Partners and KKR will develop a 190MW hyperscale data center campus in Bosque County, Texas, their first project under a $50 billion partnership to expand AI-ready infrastructure across the U.S. The nearly $4 billion campus, will be co-located with...
Hudsonville Ice Cream Plans $40M Michigan Facility Expansion, Creating 44 Jobs
Hudsonville Ice Cream will expand its Holland facility in a $40 million project, aided by a $700,000 Michigan Business Development Program grant and a 15-year State Essential Services Assessment Exemption worth approximately $600,000. The expansion will add a novelty...
Moderna to Cut 10% of Workforce Amid Cost Pressures
Moderna, headquartered in Cambridge, will lay off 10% of its workforce, reducing staff to fewer than 5,000 by year’s end as part of a cost-cutting strategy. CEO Stéphane Bancel called the decision as difficult but necessary step. The move comes months after the...
MD Gov. Moore Moves to Strengthen State’s Farming Economy
Maryland Gov. Wes Moore signed an executive order expanding the state’s Intergovernmental Commission for Agriculture to strengthen economic opportunities for farmers. The order doubles the commission’s size by adding six new agencies and directs a whole-of-government...