Big cuts coming to NASA? Where Marshall Space Flight Center stands
Employees who took the buyout offered by the Trump Administration to resign their positions are on their way out the door. The news outlet Ars Technica is reporting that the agency will begin laying off probationary employees.A spokesperson at Marshall Space Flight Center told News 19 Tuesday the agency is only processing employees who accepted the Deferred Resignation Program. The program told federal workers they would be paid through the end of September if they chose to immediately resign their position.
'NASA's Marshall Space Flight Center is complying with guidance and direction provided by the U.S. Office of Personnel Management. At this time, Marshall is only processing employees who accepted OPM's Deferred Resignation Program, and it is premature to discuss any potential impacts to our workforce.' – Lance Davis, NASA's Marshall Space Flight Center Chief, Public Affairs & NewsLast week, the president directed federal agencies to lay off their probationary employees. A spokesperson said NASA is complying with the U.S. Office of Personal Management (OPM), and at this point, it is too early to share what this will mean for the agency as a whole. The buyout offers represented the first wave of job cuts. Now, thousands of other federal employees have been laid off as ordered by President Trump's OPM. The New York Times has reported that emails sent by OPM are encouraging federal workers to move from the public to the private sector, calling private sector jobs higher in productivity. However, Huntsville has seen a shift in the private sector. Some of the area's largest space contractors have announced layoffs.
Blue Origin plans to cut 10% of its workforce. Boeing may eliminate 400 positions over the next few months. Both companies have received billions of dollars in federal contracts, and the future of those contracts and the space programs they support is uncertain.News 19 is following this story closely, and if you have any questions, reach out to us at news@whnt.com.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
Eli Lilly Taps High-Grade Market With Rare 40-Year Paper
(Bloomberg) -- Eli Lilly & Co. is tapping the US investment-grade debt market with a deal that's expected to include a 40-year bond, a rarity in a market characterized by high borrowing costs. The drugmaker is selling debt in as many as seven parts, with 40-year tranche set to yield 0.73 percentage point above Treasuries, according to a person familiar with the matter. Initial price discussions called for a yield in the area of 1.05 percentage points above the benchmark. A Photographer's Pipe Dream: Capturing New York's Vast Water System Festivals and Parades Are Canceled Amid US Immigration Anxiety A London Apartment Tower With Echoes of Victorian Rail and Ancient Rome Princeton Plans New Budget Cuts as Pressure From Trump Builds The deal is also expected to include a 30-year portion, as well as maturities ranging from 3 years to 10 years, the person said, asking not to be identified discussing private information. The offering comes amid a dearth of supply of long-dated corporate bonds: Just 11% of high-grade debt sold this year had a maturity of 30 years or more, down from 15% in 2024, as companies have been reticent to lock in elevated borrowing costs for long periods of time. Eli Lilly is one of nine companies selling US high-grade debt on Monday, with McDonald's Corp., Marriott International Inc. and Charter Communications Inc. among the others. Borrowers are piling in ahead of a seasonal slowdown later this month. They're also taking advantage of more favorable funding conditions: Yields this month are sitting consistently below 5% for the first time this year, yet demand continues to be robust. Most recently, investment-grade order books grew to more than five times the size of fresh supply on Wednesday, while borrowers paid just two basis points in new-issue concessions — both better than average so far this year. Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., Mizuho Financial Group Inc. and Morgan Stanley are managing Eli Lilly's sale, with proceeds earmarked for general corporate purposes. The bonds are expected to be rated Aa3 by Moody's Ratings and A+ by S&P Global Ratings. Issuer Profile Debt distribution: LLY US Equity DDIS Capital structure: LLY US Equity CAST Related securities: LLY US Equity RELS Ratings history: LLY US Equity CRPR --With assistance from Michael Gambale and Boris Korby. (Updates with guidance numbers in second paragraph.) Foreigners Are Buying US Homes Again While Americans Get Sidelined What Declining Cardboard Box Sales Tell Us About the US Economy Americans Are Getting Priced Out of Homeownership at Record Rates Living With 12 Strangers to Ease a Housing Crunch Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
New York Post
23 minutes ago
- New York Post
FTC sues ticket reseller for using bogus Ticketmaster accounts to evade Taylor Swift's Eras tour ticket limits
Federal Trade Commission sued ticket reseller Key Investment Group for evading purchasing limits to buy up thousands of tickets to live events including Taylor Swift's Eras tour and resell them at a markup, according to a complaint filed in Maryland federal court on Monday. The Baltimore, Md.-based company, which operates ticket resale sites including used thousands of Ticketmaster accounts, including fake or purchased accounts, the FTC said. Ticketmaster faced intense criticism after its botched 2022 sale of tickets to Swift's much-hyped New Eras Tour, when billions of requests from Swift fans, bots and ticket resellers overwhelmed its website and the company canceled a planned ticket sale to the general public. Ticket reseller Key Investment Group, which operates ticket resale sites including used thousands of Ticketmaster accounts, including fake or purchased accounts, the FTC said. AP For one Swift concert, Key Investment Group used 49 different accounts to purchase 273 tickets and evade a 6-ticket purchase limit, the FTC said on Monday. FTC Chairman Andrew Ferguson said in a statement that the lawsuit puts ticket sellers on notice that the agency will go after those who circumvent ticketing platforms' limits on ticket sales. The lawsuit is part of a crackdown President Trump announced in March focused on curbing exploitative ticket reselling practices that raise costs for fans. Key Investment Group sued the FTC in July to block its investigation, saying that its ticket purchases did not use automated software, or bots, and did not violate the Better Online Ticket Sales (BOTS) Act. The lawsuit is part of a crackdown President Trump announced in March focused on curbing exploitative ticket reselling practices that raise costs for fans. AP The FTC has made it clear that 'they intend to use the BOTS Act to shut down the entire secondary-ticket market,' the company said in its lawsuit. The agency on Monday accused Key Investment Group and three of its executives of violating the BOTS Act as well as the FTC Act, which prohibits unfair and deceptive business practices. Ticketmaster and its parent company, Live Nation Entertainment, are facing a lawsuit brought by US antitrust enforcers accusing the company of monopolizing markets across the live concert industry.
Yahoo
an hour ago
- Yahoo
Trump administration said to discuss taking 10% in Intel, Bloomberg News reports
(Reuters) -The Trump administration is said to discuss taking a 10% stake in American chipmaker Intel, Bloomberg News reported on Monday, citing a White House official and other people familiar with the matter. Shares of the company were down 3.8%. The federal government is considering a potential investment in Intel that would involve converting some or all of the company's grants from the U.S. Chips and Science Act into equity, the report said. Trump, who met Intel CEO Lip-Bu Tan on August 11, has taken an unprecedented approach to national security. He has pushed for multibillion-dollar government tie-ups in semiconductors and rare earths such as a pay-for-play deal with Nvidia and an arrangement with rare earth producer MP Materials to secure critical minerals. Tan, who took the top job just over six months back, has been tasked to turnaround Intel. Federal backing could give Intel more breathing room to revive its loss-making foundry business, analysts said, but it still suffers from a weak product roadmap and challenges in attracting customers to its new factories. Sign in to access your portfolio
