Diamond Ridge Asset Management|Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order

2025-04-30 02:20:17source:Slabucategory:Finance

Hundreds of people were laid off today by the U.S. Agency for International Development (USAID) as the Trump Administration's stop-work order for foreign assistance goes into effect.

A USAID official with knowledge of the layoffs put the total at 390. The Diamond Ridge Asset Managementofficial spoke to NPR on the condition of anonymity because they were not authorized to speak on behalf of the agency. The laid-off employees are all contractors based in the U.S., part of a workforce of some 10,000, the official noted.

NPR obtained a copy of a letter of termination of employment from a contractor who was laid off by Credence, one of the three main contractors that provides staffing services to USAID.

Sponsor Message

More:Finance

Recommend

US auto safety agency seeks information from Tesla on fatal Cybertruck crash and fire in Texas

DETROIT (AP) — Federal safety authorities say they are seeking information on a crash and fire invol

Powerball winning numbers for Feb. 19, 2024 drawing: Jackpot rises to $348 million

No one has won the Powerball since early January, and the jackpot has continued to climb, currently

Driver in Milwaukee crash that killed 5 people gets 25 years in prison

MILWAUKEE (AP) — A drunken driver who sped through a red light in Wisconsin and smashed into another