Vuélvete ilimitado con Magzter GOLD

Vuélvete ilimitado con Magzter GOLD

Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo

$149.99
 
$74.99/Año
The Perfect Holiday Gift Gift Now

Musk exits DOGE, leaving agencies threadbare, workers strained

Business Standard

|

May 30, 2025

Brendan Demich and his team of research engineers at the National Institute for Occupational Safety and Health in Pittsburgh were racing to complete a virtual reality program to help train miners on what to do in an emergency underground. They feared that soon, time would run out, and Elon Musk and his Department of Government Efficiency would throw them out of work.

- BLOOMBERG

Musk exits DOGE, leaving agencies threadbare, workers strained

"You're calling on an incredible day," Demich said while speaking with a reporter on the phone on May 2. The night before, his group had finished a stable version of their simulator, which could teach thousands of workers how to assist each other in the event of a mine collapse, explosion or fire.

"Nobody else in the world is doing this kind of thing," Demich said. "And it's basically going to get shelved."

Hours later, Demich, along with nearly everyone else at his agency, learned he was out of a job.

The fallout from DOGE's campaign to downsize the federal workforce is continuing to unfold. After a wave of summary firings, layoffs and buyout offers, thousands of federal employees are expected to leave their jobs in the weeks ahead. Many are warning that the ways in which Musk and the Trump administration made the cutbacks are likely to lead to unintended consequences.

Following a monthslong crusade that tore at the roots of the federal bureaucracy, the billionaire entrepreneur posted Wednesday about his decision on X, his social media website. "As my scheduled time as a Special Government Employee comes to an end, I would like to thank President Donald Trump for the opportunity to reduce wasteful spending," he wrote. "The DOGE mission will only strengthen over time as it becomes a way of life throughout the government."

Even before entering government, Musk had a track record of reinventing his businesses through severe job cuts and cost-saving measures. His tactics echo a brand of harsh corporate capitalism that won plaudits in the 1980s and 1990s.

MÁS HISTORIAS DE Business Standard

Business Standard

Business Standard

Rebirth, regeneration and cycles of life

If you loved reading The Shadow Lines (1988) and The Hungry Tide (2004), written by Amitav Ghosh, chances are that his latest novel, Ghost-Eye, will blow your mind.

time to read

3 mins

December 20, 2025

Business Standard

Draft coal exchange norms propose strict net worth riders

The coal ministry has proposed stringent eligibility and oversight rules for entities seeking to establish a coal exchange in the country.

time to read

1 min

December 20, 2025

Business Standard

Trump signs defence law backing deeper India-US ties, Quad

US President Donald Trump has signed into law an annual defence policy bill that highlights broadening America’s engagement with India, including through the Quad to advance the shared objective of a free and open Indo-Pacific region and address the challenge posed by China.

time to read

1 min

December 20, 2025

Business Standard

India-Oman trade agreement opens the door to social security talks

Apart from expanding bilateral trade, the trade agreement signed between India and Oman also includes a provision that will enable the two countries to engage in negotiations on social security matters.

time to read

1 min

December 20, 2025

Business Standard

Putin offers no compromise on Ukraine, says EU ‘robbery’ failed

President Vladimir Putin offered no compromise on his terms for ending the war in Ukraine on Friday and accused the European Union of attempting “daylight robbery” of Russian assets.

time to read

1 mins

December 20, 2025

Business Standard

Revisiting the idea and project of India

Rather than offer a laundry list of ‘critical reforms in their latest book, A Sixth Of Humanity, Arvind Subramanian and Devesh Kapur identify the necessary conditions that would give India a fair shot at solving the important challenges ahead. An excerpt

time to read

5 mins

December 20, 2025

Business Standard

Irdai proposes allowing insurers to invest 20% in debt of public infra SPVs

The Insurance Regulatory and Development Authority of India (IRDAI) has proposed permitting insurers to invest up to 20 percent of their funds in debt instruments issued by public limited special purpose vehicles (SPVs) operating in the infrastructure sector.

time to read

1 min

December 20, 2025

Business Standard

Business Standard

IndiGo probe decision taken after initial assessment: CCI

Competition Commission of India Chairperson Ravneet Kaur on Friday said that based on the initial assessment, the fair trade regulator had decided to look into IndiGo operations after recent flight disruptions, which severely impacted passengers across the country.

time to read

1 min

December 20, 2025

Business Standard

ICICI Pru AMC becomes most valued stock in capital mkt sector

Stock closes 19% higher post debut; market cap overtakes HDFC AMC

time to read

1 mins

December 20, 2025

Business Standard

India a step closer to trade pact with NZ

The Union Cabinet on Friday is learnt to have approved a trade agreement between India and New Zealand, according to people aware of the matter.

time to read

1 mins

December 20, 2025

Listen

Translate

Share

-
+

Change font size

Holiday offer front
Holiday offer back