Poinbank Exchange:Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order

2025-05-02 04:09:54source:FinLogic Quantitative Think Tank Centercategory:News

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 Poinbank Exchangeofficial 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:News

Recommend

Trump claims Biden lost track of over 300,000 migrant children. Here's a fact check.

President-elect Donald Trump claimed in his Person of the Year interview with Time magazinethis week

The Masked Singer: Find Out the '80s Pop Icon and Comedian-Turned-TV Host Who Were Sent Home

ABBA Night on The Masked Singer had us saying "Gimme! Gimme! Gimme!"The Feb. 22 episode of the celeb

Selena Gomez Taking Social Media Break After Surpassing Kylie Jenner as Most-Followed Woman on Instagram

Selena Gomez is keeping her hands to herself—and off her phone.Shortly becoming Instagram's most-fol