Major Workforce Reduction Signals a Shift Chevron has officially announced its plan to eliminate around 8,000 jobs globally by 2026. This represents a 15–20% cut in its workforce as part of its cost-saving initiative after acquiring Hess Corporation. This major shift is aimed at streamlining operations, eliminating overlapping roles, and ultimately saving about $3 billion…
Trump Administration Picks Wall Street Veteran for GSA Chief Role The White House has officially nominated Edward Forst, a Wall Street heavyweight with a résumé spanning Goldman Sachs, Cushman & Wakefield, and most recently Lion Capital to lead the General Services Administration (GSA). The move comes more than seven months into President Trump’s second term…
V2X has clinched a transformative $4.3 billion, nine-year logistics services contract to support the U.S. military’s T-6 jet fleet. This is vital for pilot training across the Air Force, Army, and Navy. This logistics services deal, officially the Contractor Operated and Maintained Base Supply Services (COMBS), ensures 739 T-6 jets remain flight-ready at 11 U.S.…
A Worrying Trend in U.S. Manufacturing The U.S. manufacturing sector contracted for the fifth consecutive month in July, signaling a clear slowdown that’s catching the attention of government contractors and industry watchers alike. According to the latest ISM data, the manufacturing PMI dropped to 48.0—anything below 50 indicates contraction. This isn’t just a number on…