Lockheed Martin is cutting 4,000 jobs, about 3.5 percent of its workforce, as the defense contractor continues to look for ways to lower costs amid reduced government spending.
In just two weeks, far-reaching budget cuts known as the sequester are set to take effect. It could cause massive job cuts and changes to services we count on. In an effort to make his case to the American people, President Obama is taking to the airwaves.
A top Exelon Corp. executive says the Baltimore headquarters of Constellation Energy Group will see the “most impactful” job cuts as part of a $7.9 billion merger deal.
Leaders of the largest and oldest black civil rights groups said they urged President Barack Obama in a White House meeting Thursday to resist deep cuts to programs that benefit urban communities — with some of the highest unemployment rates — as he negotiates the nation’s debt limit.
The Frederick County Commissioners say they are cutting 38 county jobs to reduce costs.