Reported 1 day ago
Amtrak is laying off approximately 20% of its top management to cut costs, amidst uncertainties regarding President Trump's infrastructure investment plans. The cuts aim to save around $100 million and primarily affect corporate-level positions, leaving railroad operations intact. The move comes after Amtrak's review of its cost structure, with a hiring freeze also in place for management roles. Various major construction projects remain ongoing, but the future funding they depend on is uncertain.
Source: YAHOO