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Payroll Reduction

All articles tagged with #payroll reduction

sports2 years ago•2 min saved

Padres Face Payroll Cuts and Potential Front Office Shake-Up Amidst Disappointing Season

The San Diego Padres are expected to cut their player payroll by about 20% to around $200 million for the 2024 season, following a disappointing year where they are likely to miss the postseason. The team's payroll has increased significantly in recent years, but they are now looking to reduce it due to non-compliance with MLB regulations regarding their debt service ratio. Despite the payroll reduction, the Padres plan to build around key players such as Xander Bogaerts, Manny Machado Jr., and Fernando Tatis.

via CBS Sports|

#mlb #offseason-changes #payroll-reduction

economy2 years ago•3 min saved

Federal Reserve Implements Staff Reductions After Years of Payroll Expansion

The U.S. Federal Reserve is cutting approximately 300 staff members from its payroll this year, marking a rare reduction in headcount for an organization that has steadily grown since 2010. The cuts primarily affect information technology jobs and positions related to payment processing systems, which are being consolidated. The reduction in staff is a combination of attrition and layoffs, and it is the first time budgeted headcount has fallen since 2010. The staff cuts come as the Fed faces losses on its operations and scrutiny from Republicans in Congress over its involvement in issues beyond its monetary policy and bank supervisory missions.

via Reuters|

#budgeted-headcount #economy #federal-reserve