The federal government workforce has expanded under the Biden administration but remains near record low levels as a share of overall employment, growing by 4.4 percent in the past four years to just over three million. Efforts to trim the bureaucracy could lead to significant cuts, with agencies like the State Department and U.S. Citizenship and Immigration Services rebounding from previous declines in staffing levels. Despite hiring increases in certain areas, challenges remain in attracting specialized talent due to lower federal wages and the trend towards remote work.
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Is CrowdStrike a Buy a Year After the Big IT Outage?
CrowdStrike (NASDAQ: CRWD) faced significant challenges a year ago due to a faulty software update that caused a major IT outage, costing U.S. Fortune 500 companies over $5 billion. Despite this setback, the company has achieved double-digit revenue growth and maintained strong customer relationships, leading to a stock increase of over 50% since the incident. Want More Context? 🔎
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