In 2025, more than 1.1 million Americans were laid off from their jobs, the most since the COVID pandemic, even as corporate profits remain high. Business experts discuss the reasons why companies resort to layoffs.
In 2025, more than 1.1 million Americans were laid off from their jobs, the most since the 2020 COVID pandemic. The layoffs were in numerous industries, by companies of all sizes, even as corporate profits remain high. Elaine Quijano talks with business experts who discuss why companies resort to layoffs and the psychological damage caused by firings, and why artificial intelligence is not filling those jobs – yet.
At least 11 people were killed at a Jewish gathering on Australia's Bondi Beach, according to Australian government officials and police. One of two gunmen was also dead.
Venezuelan opposition leader and Nobel Peace Prize winner María Corina Machado said she's "absolutely" supportive of President Trump's strategy in the country.
