Grant Preston-Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order

2025-05-04 22:12:45source:TradeEdgecategory: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 Grant Prestonofficial 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

Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages

Meta says most issues have been resolved after apps like Instagram, Facebook and Threads were experi

3 migrants, including 2 from Cameroon, died in a truck accident in southern Mexico

MEXICO CITY (AP) — Three migrants died in a highway accident in the southern Mexico state of Oaxaca,