logo
How DOGE Cuts Are Hitting Small Businesses. Plus: Break The Cycle Of ‘Crunch Mode'

How DOGE Cuts Are Hitting Small Businesses. Plus: Break The Cycle Of ‘Crunch Mode'

Forbes28-03-2025

This is this week's ForbesWomen newsletter, which every Thursday brings news about the world's top female entrepreneurs, leaders and investors straight to your inbox. Click here to get on the newsletter list!
Over the past month, we at Forbes have reported a lot on the Department of Government Efficiency's job and budget cuts and what it all means for Social Security benefits, postal service operations, aviation safety and more. As the shape of these cuts and their ramifications continues to unfold, one of my many questions has been, 'what does this mean for small business owners who depend on government contracts?'
And so, this week I connected with Mary Faith Mount-Cors, the founder and president of EdIntersect, a North Carolina-based company that works with international governments to create early education programs for children around the world. Mount-Cors has successfully built education programs in countries including Mali, Nigeria and Rwanda through USAID and UNICEF contracts, but said that the projects she was working on at the start of the year—in Malawi and Tajikistan—are 'gone' following the Trump administration's slashing of USAID operations.
'We don't know what ways we will be able to recover, but [as] you can imagine [with] any small business: We don't have six months or twelve months of capital just sitting there,' Mount-Cors said, adding that there's a real chance her company faces 'dissolution.'
I asked Mount-Cors if private donors and foundations could step in and fill the gaps—after all, the world's top philanthropists can and do deploy tens of billions of dollars every year—and her reply was a measured 'maybe,' because what's at stake is more than just dollars: It's logistical know-how and, more broadly, the ability to execute on diplomacy goals through development. 'Larger foundations, like the Gates Foundation, can maybe step into the breach more if they choose to, but they're still not the U.S. government; they're not going to be playing the same role in building trust and stability between the two countries [involved in these projects],' she said.
This summary is really just a snippet of what we touched on, so if you too have been wondering about the effects of DOGE cuts on small businesses, I recommend watching our conversation in full, here.
Cheers,
Maggie
P.S.: A reminder that nominations for the 2025 U.S. 50 Over 50 list are now open! Head to this link here to tell us about a woman you think should be on this year's list. Full nominations criteria are on that page but the two most important bits to remember: We're looking for people who were born in 1974 or earlier, and we're looking for women who have never been on the list before, because we don't allow repeats!
NEW YORK, NEW YORK - SEPTEMBER 23: U.S. House of Representatives, The Hon. Chrissy Houlahan speaks during the 2024 Concordia Annual Summit at Sheraton New York Times Square on September 23, 2024 in New York City. (Photo byfor Concordia Summit)
This week, Representative Chrissy Houlahan (D-PA) joined ForbesWomen editor Maggie McGrath to talk about Trump administration cuts to USAID and how these cuts pose risks to female students from Afghanistan studying abroad on USAID-funded scholarships. 'If those young women are sent back [to Afghanistan], it's not only at the detriment of their education and their advancement, but it's also in some cases physically dangerous to them to return to what amounts to an apartheid state for women,' Houlahan said. Click here to watch the full interview.
Walter Smith for Forbes
Forbes 30 Under 30 alumnae Carly Zakin and Danielle Weisberg sold TheSkimm—the media company they founded nearly 13 years ago—to Ziff Davis' Everyday Health Group (EHG) earlier this month. The duo is not commenting on the financial terms of the deal but spoke to Forbes contributor Rachel Burchfield about their plans for the company in its new chapter. 'theSkimm will feel very much the same to our audience, but they can anticipate enriched content, particularly in health and wellness,' Zakin says.
Genetic testing company 23andMe filed for Chapter 11 bankruptcy protection to initiate the process of selling off its assets, while the troubled firm's co-founder Anne Wojcicki—who was attempting to take 23andMe private—stepped down from her role with the intent to become an outside bidder for the asset sale.
Five minutes into the USC Trojans' eventual 96-59 win over Mississippi State in the second-round of March Madness, their star shooting guard JuJu Watkins went down with a tear of her right anterior cruciate ligament (ACL) that will require surgical reconstruction and months of rehabilitation before she can return to the court. It's an injury that's unfortunately all-too familiar among female basketball players—and there's a reason that women suffer from this injury at higher rates than men.
Last July, Lattice CEO Sarah Franklin faced blowback when she announced the HR company would create employee records and ratings for artificial intelligence agents. But with the market growing, she's doubling down on the need for AI agents to face performance tracking.
A new analysis from job search platform Indeed found that remote work opportunities have declined over 20% from their pandemic peak—and while they still remain more common than pre-pandemic, the decline in remote opportunities could create new challenges for women who want or need flexible work arrangements.
1. Break free from the cycle of crunch mode. Do small breaks feel like a luxury? Do work thoughts keep you up at night? These are some signs that you're trapped in a cycle of too much hustle and stress. Here's how to reset your work style.
2. Disarm office gossip. While studies show that some people think office gossip can foster team building, more professionals feel that it's toxic in the workplace. Here's what you need to know about nipping these harmful conversations in the bud.
3. Avoid job-search burnout. Even the most motivated job seekers start to feel drained after getting ghosted over and over by generic job postings. And here's the kicker: cold applying alone puts the odds squarely against you. The good news? There are smarter, more sustainable strategies to stay energized in your search— and actually get the results you want.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Allvue Systems Announces White Oak Management S.A. Is Live on Fund Administration Essentials Platform
Allvue Systems Announces White Oak Management S.A. Is Live on Fund Administration Essentials Platform

Yahoo

time34 minutes ago

  • Yahoo

Allvue Systems Announces White Oak Management S.A. Is Live on Fund Administration Essentials Platform

Deployment underscores Allvue's momentum in Luxembourg and supports White Oak Management's mission to deliver scalable, tech-enabled fund services. NEW YORK, June 06, 2025--(BUSINESS WIRE)--Allvue Systems, a leading provider of cloud-based technology for investment managers and fund administrators, today announced that Luxembourg-based White Oak Management S.A. has officially gone live on Allvue's Fund Administration platform. White Oak Management selected Allvue to power its fund administration offering, enabling the firm to deliver streamlined operations, automated workflows, and superior reporting capabilities to its customers. As White Oak Management expands its footprint in Luxembourg's financial services landscape, Allvue's integrated, cloud-native platform provides the scalability and efficiency needed to meet the evolving demands of the alternatives markets. "We chose Allvue because we needed more than just software — we needed a long-term technology partner with the ability to support our growing business in the region," said Gabor Mocskonyi, Managing Director of White Oak Management. "Allvue's robust reporting capabilities, operational flexibility, and seamless investor experience enables us to provide the level of service our clients expect as we scale." "White Oak Management is exactly the kind of partner we built Fund Administration Essentials for — a forward-thinking firm focused on delivering premium client service with operational excellence," said James DiCostanzo, Head of the Fund Administration line of business at Allvue Systems. "We're especially proud to support their growth in the Luxembourg region, where demand is rising for next-generation fund servicing capabilities." The deployment also underscores Allvue's ability to support Transfer Agent operations — a critical pillar in fund administration. Allvue's capabilities empower firms like White Oak Management to manage investor information, account maintenance, and ongoing due diligence. The platform also supports capabilities related to transaction administration, as well as fund accounting, and investor relations. With Allvue, administrators can deliver a seamless and compliant investor experience, from onboarding to reporting. Allvue's Fund Administration platform is designed to help fund administrators scale to meet modern challenges through: Powerful fund accounting and general ledger tools Collaborative client portals and reporting dashboards Investment and investor management tools to meet Transfer Agent responsibilities Industry leading reporting capabilities A modern, API-first architecture for integration and growth "This successful deployment further reinforces Allvue's commitment to supporting administrators across Europe with purpose-built solutions that accelerate growth, reduce operational risk, and elevate the investor experience," said Iryan Clunis, Head of EMEA at Allvue Systems. To learn more visit About Allvue Systems Allvue is headquartered in Miami with locations globally throughout North America, Europe and India. Allvue is a recognized leader of cloud-based technology, AI, data, and services solutions for alternative investment managers in the private capital markets. Our integrated suite of software empowers firms of all sizes—including private equity managers, private debt managers, public credit managers, fund administrators, and banks—to streamline operations, enhance data accuracy, and drive superior investment decisions. Allvue has made deep investments in AI research and development as part of its commitment to innovation, which will enable clients to optimize workflows, automate processes, and gain deeper analytical insights across the entire investment lifecycle. About White Oak Management S.A. White Oak Management S.A. is a Luxembourg-based firm offering bespoke family office, corporate, and administrative services. Founded with a client-centric philosophy, the firm is known for its rigorous service quality, regulatory compliance, and long-standing client relationships. Learn more at View source version on Contacts Press Contacts for Allvue: Laura SankowichAllvue Systems484.354.3918lsankowich@ Jide AdesesanAllvue@ Made By Giants Press Contact for White Oak Gabor MocskonyiWhite Oak Management+352 2899 Sign in to access your portfolio

What next for Japan's lunar ambitions after ispace fails to touchdown
What next for Japan's lunar ambitions after ispace fails to touchdown

Yahoo

time35 minutes ago

  • Yahoo

What next for Japan's lunar ambitions after ispace fails to touchdown

STORY: A room of more than 500 ispace employees, shareholders, sponsors and Japanese government officials abruptly grew silent on Friday (June 6). Flight data from the company's moon lander was lost less than two minutes before the scheduled touchdown. Japanese firm ispace said the uncrewed moon lander likely crashed onto the lunar surface. Marking another failure two years after its unsuccessful first mission. Ispace CEO Takeshi Hakamada. "As of 8 a.m. this morning (2300 GMT June 5), we anticipate that communications with the lander will not be restored and that it will not therefore be possible to complete Mission 2 milestone Success 9 to confirm a landing on the surface of the moon. It has been decided that the mission will conclude." Tokyo-based ispace had hoped to join U.S. firms Intuitive Machines and Firefly Aerospace in making successful commercial moon landings. And it comes amid a global race including state-run lunar missions from China and India. The failure means another multi-year pause in Japan's commercial access to the moon. Although the country remains committed to the U.S.-led Artemis program. And a wide range of Japanese companies are studying lunar exploration as a business frontier. Resilience, ispace's second lunar lander had problems measuring its distance to the surface. It could not slow its descent fast enough, the company said. Adding it has not been able to communicate with Resilience after a likely hard landing. Shares of ispace were untraded, overwhelmed by sell orders. And looked set to close at the daily limit-low, which would mark a 29% fall. For its third mission in 2027, ispace's U.S. unit is building a bigger lander. It's part of NASA's Commercial Lunar Payload Services for the Artemis program. The company projects six more missions in the U.S. and Japan through 2029. 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

Multiply Group Lights up the World With the Launch of Multiply Media Group, Creating a Media Powerhouse Headquartered in the UAE
Multiply Group Lights up the World With the Launch of Multiply Media Group, Creating a Media Powerhouse Headquartered in the UAE

Business Wire

time35 minutes ago

  • Business Wire

Multiply Group Lights up the World With the Launch of Multiply Media Group, Creating a Media Powerhouse Headquartered in the UAE

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Multiply Group (ADX: MULTIPLY), the Abu Dhabi-based investment holding company, today launches Multiply Media Group (MMG), uniting the three market-leading out-of-home (OOH) companies under its portfolio to create a new media powerhouse headquartered in the UAE. The combination of BackLite Media, Viola Media and Media 247 under Multiply Media Group represents a significant move that will shape the future of tech-enabled media in the UAE and beyond. Samia Bouazza, GCEO and Managing Director of Multiply Group, said: 'The launch of Multiply Media Group represents the most significant media consolidations in the UAE. By bringing together market-leading media assets under a single AI & tech-driven group, we are reinforcing our commitment to long-term value creation and shareholder returns. MMG lays a strong foundation for our global ambitions and forward-looking investment strategy.' MMG was launched at the World Out of Home Organization (WOO) Annual Congress in Mexico City, and simultaneously it lit up the world through a global takeover across key DOOH media, illuminating cities and screens worldwide with its bold presence. The move reflects the global expansion of Multiply Group, the $7.2 billion holding company, which is part of IHC, the most valuable holding company in the Middle East with a market cap of over $240 billion. The newly consolidated group will serve as a launchpad to capture regional and international opportunities arising in the media sector through MMG portfolio businesses. MMG will drive performance and innovation across the OOH media sector, reshaping the UAE's media landscape through scale, AI, and strategic partnerships. To achieve its mission, MMG will invest in high-potential media assets, catalyse growth with innovation and create synergies across its portfolio through strategic investments. Jawad Hassan, Head of Media and Communications Vertical at Multiply Group, said: 'For several years, Multiply Group's ambitious growth strategy for the media sector has taken us from an integrated portfolio of three industry leaders to a media powerhouse with vast potential to redefine the entire regional media landscape in ways that will bring immediate impact and long-term value for clients. Through MMG, we stand ready to embrace the emerging trends in our industry, particularly the transformative role of AI, and we will continually look to invest in technologies that enable us to create dynamic and innovative campaigns.' The scale of MMG includes 3,000 advertising units across the UAE, including 75+ premium assets on Dubai's Sheikh Zayed Road, which are backed by long-term partnership agreements with the Road and Transport Authority (RTA) (Mada Media) in Dubai and The Department of Municipalities & Transport (DMT) in Abu Dhabi. James Bicknell, CEO of Multiply Media Group, said: 'Multiply Media Group launches as a transformative force in out of home media — a powerhouse that unites some of the region's most strategic media assets under one bold vision. With MMG, we are not simply scaling up — we are scaling intelligently. Our mandate is clear: deliver context at scale, and reach audiences where it truly matters, when it matters most. MMG is engineered to be agile, data-led, and deeply integrated, enabling our clients to engage audiences with greater relevance, responsiveness, and resonance than ever before. This is more than media — it's momentum.' The launch of MMG follows a recent strategic agreement between Multiply Group's media vertical and Al Arabia, Arabian Contracting Services Company (Al Arabia) to create a joint venture (JV) to invest in the global out-of-home (OOH) advertising sector. Multiply Group, also announced a recent Memorandum of Understanding (MoU) with Saudi Media Company (SMC) – with these two strategic moves underscoring the global expansion potential of Multiply's portfolio brands. Multiply Group's other media holdings include Yieldmo, a contextual mobile ads platform, and Firefly, North America's leading digital Taxi-Top company. The group completed the acquisition of Viola Communications, a marketing and communications firm, in 2021. ABOUT MULTIPLY GROUP Multiply Group PJSC is an Abu Dhabi-based investment holding company that globally invests and operates in transformative, cash-generating businesses. Known for its trademark growth mindset, Multiply Group will continue to deploy capital across its two distinct arms, both of which follow a disciplined approach to investing and ensure consistent, sustainable value creation for our shareholders in the short-, medium- and long-term: Multiply, the investments and operations in long-term strategic verticals, currently investing and operating in Mobility, Energy & Utilities, Media & Communications, Wellness & Beauty, and Retail & Apparel. Anchor investments provide long-term recurring income, through which bolt-on acquisitions are made. Multiply+, the Group further engages in opportunistic, sector-agnostic investments, via mainly minority stakes in private and public markets. For more information, visit ABOUT Multiply Media Group Multiply Media Group (MMG) is a media powerhouse committed to driving performance and innovation across the sector. Our ambition is limitless, but our approach is precise. We invest in high-potential media assets, catalyse growth through innovation, and create synergy across our portfolio through strategic investment and smart leadership. MMG includes BackLite Media, Viola Media, Media 247, and Purple Printing. Together, they form an integrated ecosystem built to deliver scale, precision, and sustained value. MMG provides the clarity required to lead meaningful transformation in the industry. Through targeted investment in technology, talent, and innovation, we develop future-ready products and services — anticipating client needs before they emerge. By aligning capabilities across the group, we multiply impact, accelerate innovation, and drive long-term growth. More impact. More innovation. Greater momentum. For more information, visit

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store