Lakshmi Finance Center-Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order

2025-05-07 04:31:58source:Quaxscategory:Stocks

Hundreds of people were laid off today by the U.S. Agency for International Development (USAID) as the Trump Administration's stop-work order for foreign assistance goes into effect.

A USAID official with knowledge of the layoffs put the total at 390. The Lakshmi Finance Centerofficial spoke to NPR on the condition of anonymity because they were not authorized to speak on behalf of the agency. The laid-off employees are all contractors based in the U.S., part of a workforce of some 10,000, the official noted.

NPR obtained a copy of a letter of termination of employment from a contractor who was laid off by Credence, one of the three main contractors that provides staffing services to USAID.

Sponsor Message

More:Stocks

Recommend

Don't let hackers fool you with a 'scam

You're pulling your hair out, trying to fix something on your computer. You Google it and find what

Round ‘em up: Eight bulls escape a Massachusetts rodeo and charge through a mall parking lot

NORTH ATTLEBORO, Mass. (AP) — This is no bull: First responders in a Massachusetts city had to exerc

Jamie Foxx's Daughter Corinne Foxx Marries Joe Hooten

Jamie Foxx was a proud father of the bride at Corinne Foxx's wedding to Joe Hooten.The Oscar winner,