Business & Finance
Tech Giant in Crisis Confirms Closure of Two Argentina Branches and Hints at More to Come
Tech Giant in Crisis Confirms Closure of Two Argentina Branches. Amid mounting global challenges, the company shuts down Buenos Aires and Córdoba sites as cost-cutting ripples through its Latin American operations

A leading global tech company has officially confirmed the closure of two major branches in Argentina, citing an urgent need to cut costs and restructure as financial pressures escalate worldwide. The closures — affecting offices in Buenos Aires and Córdoba — have sent shockwaves through Argentina’s tech workforce and fuelled fears that more shutdowns could soon follow across Latin America.
Company executives released a statement late Wednesday acknowledging the decision, describing it as “painful but necessary” amid a broader push to consolidate operations and return to sustainable profitability. “Like many in the sector, we must adapt to new market realities and challenging macroeconomic conditions, especially in high-risk economies,” the statement read.
Local industry insiders say the company’s struggle mirrors a broader crisis facing big tech firms post-pandemic. Slowing global demand, tightening venture capital, and rising costs have forced many companies to lay off thousands worldwide, abandon expansion plans, and re-evaluate investments in emerging markets like Argentina.
In Argentina, the closures are particularly hard-hitting. The country’s surging inflation, currency devaluation, and strict import controls have long complicated supply chains and operations for multinational tech giants. Now, hundreds of employees are facing sudden job uncertainty, with some offered relocation or remote reassignment, but many bracing for redundancies.
Union representatives and labor groups have already condemned the move, demanding fair severance packages and urgent government intervention to protect Argentina’s fragile tech ecosystem.
One laid-off employee from the Córdoba branch told Daily Global Diary, “We knew the global layoffs were coming, but we didn’t expect our whole office to disappear overnight. It’s devastating — jobs like this are hard to replace in this economy.”
Insiders warn these may not be the last closures in the region. Branches in Chile, Brazil, and Colombia are reportedly under review as the tech giant weighs further cuts to weather the economic downturn.
Market analysts note that while cost-cutting might soothe investors in the short term, exiting strategic markets could weaken the company’s long-term regional foothold — leaving rivals an opening to swoop in.
As Argentina’s tech talent reels from this abrupt blow, the country’s startup community is urging the government to offer support and incentives to keep highly skilled workers from leaving the country altogether.
For now, all eyes are on whether this high-profile pullback marks the start of a bigger retreat by tech multinationals in Latin America — and what it means for the future of innovation in the region.
Business & Finance
Top 5 Jobs That Are Quietly Disappearing and No One’s Talking About It
As automation and AI rise, these 5 recessive jobs are vanishing fast — is your profession on the list?

As automation and AI rise, these 5 recessive jobs are vanishing fast — is your profession on the list?

n today’s fast-paced, tech-driven economy, entire professions are fading into obscurity — not with a bang, but a whisper. While we talk endlessly about job creation in tech, green energy, or AI, there’s a silent retreat happening in industries that once thrived.
These are the top 5 recessive jobs that are quietly disappearing from the modern workforce — and the reasons may surprise you.
1. Travel Agents
In the age of Google Flights, Airbnb, and apps like Hopper, traditional travel agents have become nearly obsolete. Once essential for booking complex trips, many consumers now plan and book their own itineraries online.

The convenience and cost-saving of doing it yourself are driving this change, leaving only a niche demand for luxury or corporate travel planners.
2. Cashiers
With self-checkout kiosks, online payment apps, and the growing presence of Amazon-style cashier-less stores, the need for cashiers is rapidly fading.
Major retailers like Walmart, Kroger, and Target are heavily investing in automation to speed up transactions and reduce overhead.

While cashier jobs once served as an entry-level lifeline, they’re now being replaced by touchscreens and RFID sensors. According to projections, more than 700,000 cashier jobs could vanish by the early 2030s.
3. Mail Sorters and Postal Clerks
With the surge in email, digital billing, and online communication, traditional mail is at an all-time low. This shift has hit postal clerks and mail sorters the hardest.
The United States Postal Service (USPS) has seen a consistent decline in first-class mail volume for over a decade.

Private carriers like FedEx and UPS now dominate shipping, and automation is also being used to sort parcels faster and more accurately than humans. The decline in physical mail equals a shrinking demand for human hands behind the scenes.
4. Telemarketers
Let’s face it: no one likes telemarketing calls anymore — and now, robots are doing the job faster, cheaper, and with fewer hang-ups (literally). Automated systems and AI chatbots have largely replaced the need for a human telemarketer.
The BLS reports that employment in telemarketing is expected to shrink by 18% in the next few years.

Robocalls now dominate the scene, and with stronger Do Not Call regulations and AI voice recognition tech, this field is in irreversible decline.
5. Data Entry Clerks
With the advent of AI-powered OCR (Optical Character Recognition) tools, the manual job of entering data into spreadsheets or databases is almost gone.
Tools like UiPath, Automation Anywhere, and ChatGPT-based solutions are doing in seconds what clerks used to spend hours on.

Not only are machines faster, but they’re less prone to human error. As more companies digitize, the demand for human data entry has dropped significantly.
Business
1-Ford’s Quality Crisis Deepens: Can Jim Farley’s Strategy Fix the $5 Billion Recall Disaster?
Ford faces a staggering $5 billion recall cost in 2025, raising questions about its ability to meet the demands of quality control while competing in the EV race.

Ford Motor Company has long been synonymous with American ingenuity, but the company now finds itself struggling with a growing quality crisis that threatens its financial stability and tarnishes its reputation. CEO Jim Farley‘s ambitious strategy to transform Ford into a leader in electric vehicles (EVs) is being overshadowed by escalating recall costs and soaring warranty expenses.

Recall Costs: A Multi-Billion Dollar Headache
In 2025 alone, Ford has issued 88 recalls, a sharp contrast to Stellantis‘ 62 and General Motors‘ 33. The latest fuel injector recall, which alone is set to cost $570 million, is just one of many that have plagued the company. Ford’s recall expenses could exceed $5 billion this year, a sum that has left analysts and investors questioning whether the automaker’s lofty goals can be achieved while managing such financial burdens.
The underlying issue is clear: quality control. Farley has consistently spoken about “reshaping production processes” and enhancing quality assurance, but the numbers tell a different story. Ford’s warranty costs surged by 22% year-over-year, reaching $6 billion in 2024. This outpaces both GM and Stellantis, highlighting that Ford’s issues are not just an anomaly but part of a deeper structural flaw. These increasing costs have driven Ford’s operating margin to contract from 3.1% in 2023 to 2.82% in 2024, further pressuring the company’s profitability.
The Financial and Operational Impact
Beyond recall costs, Ford’s operational challenges have spread into every aspect of its business. Regulatory penalties have compounded its woes, such as the $165 million fine for delayed rearview camera recalls. Additionally, Ford’s Net Promoter Score (NPS) of 32 is a stark reminder that the brand’s consumer trust is faltering, trailing behind the industry average of 41. This decline in brand loyalty not only hampers consumer demand but also raises the likelihood of future warranty claims, creating a cycle of diminishing margins.
While Ford’s revenue rose by 5% to $185 billion in 2024, its net income growth (up 35.24% to $5.88 billion) was largely attributed to financial engineering rather than operational improvements. This points to a serious discrepancy between the company’s strategic promises and the harsh realities of executing those promises on the ground.
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Management’s Reassurances vs. Reality
Despite Ford’s leadership team’s reassurance that it is taking decisive steps to fix the quality problem—appointing a new head of quality control and improving supplier oversight—the results remain disappointing. For instance, the July 2025 fuel injector recall marks the 12th major incident involving the same component over the past 18 months. Such recurring failures indicate that Ford’s quality assurance processes are fundamentally flawed, not just the result of isolated errors.
The gap between management’s strategy and operational execution is putting investor confidence at risk. Ford’s balance sheet remains solid, with $22.93 billion in cash and $285.2 billion in assets, but its net debt has risen sharply to $137.93 billion. This increase in debt is largely due to investments in EV development, which raises the critical question: will these investments bear fruit, or will they be offset by the mounting costs of recalls and warranties?
Investor Sentiment and Stock Performance
Ford’s stock price has seen a 15% decline over the past 12 months, now hovering at $11.20, far below the broader market’s 11% gain. The P/E ratio of 8.96x suggests that investors are pricing in substantial risks associated with the company’s ability to execute its strategy effectively. With 26 brokerages maintaining a cautious “Hold” rating, and a 14.76% downside potential, Ford’s stock remains a risky bet for investors looking for growth.
Strategic Risks and Long-Term Outlook
Looking ahead, the risks for Ford shareholders are becoming increasingly evident. First, Ford’s strategic focus on EVs and autonomous technology may be undermined by its persistent quality issues, eroding consumer confidence. Second, the damage to its brand reputation from repeated recalls could take years to repair, further weighing on long-term growth. Third, the regulatory environment is becoming more stringent, with increased penalties for delays in recalls—something that will only add to Ford’s already strained profitability.
While Ford is not alone in facing challenges with supply chains and software defects, its lack of agility in addressing these issues places it at a significant disadvantage compared to competitors like GM and Stellantis, who have managed to reduce recall rates and warranty costs while expanding their EV capabilities.

Investment Advice: Proceed with Caution
Ford’s long-term prospects hinge on its ability to execute on its quality improvement initiatives. However, for now, the evidence suggests that the company is still grappling with deep-rooted issues. For investors seeking growth, competitors like GM and Stellantis may present safer alternatives, as they have demonstrated stronger operational discipline and a better track record with quality management.
For those who believe in Ford’s potential, a cautious approach is advised. Monitoring the company’s progress on quality metrics, regulatory compliance, and consumer trust over the next few quarters will be critical. If Ford can turn around its quality issues and regain consumer confidence, it could yet reclaim its position as a leader in the EV transition. Until then, the chasm between strategy and execution remains a significant hurdle.

Conclusion: A Long Road Ahead
Ford’s quality crisis is far from a temporary setback. The company’s financial health and market position are being eroded by recall costs, warranty expenses, and repeated failures in quality control. While Ford’s EV ambitions offer a glimmer of hope, the persistent quality failures and damaged consumer trust make it a high-risk investment for now. Until Ford can bridge the gap between its strategic vision and operational reality, its road ahead will be fraught with uncertainty.
for more update http://www.dailyglobaldiary.com
News
Trump’s Budget Team Just Declared Bipartisanship Dead in Washington… and Congress Is Losing Its Power Fast
As Russell Vought calls for a partisan path to funding the government, veteran lawmakers warn that Trump-era politics could destroy Congress’ control over the purse—and trigger a dangerous shutdown standoff by September 30.

For decades, U.S. government funding was a rare space for bipartisanship—where both Democrats and Republicans could negotiate agency budgets line-by-line, forging complex compromises that kept the wheels of government turning. But now, that fragile system may be on life support.
The Trump administration’s latest moves—pushed aggressively by budget director Russell Vought—are threatening to bulldoze the final remnants of cooperative government spending in Washington.

“The appropriations process has to be less bipartisan,” Vought told reporters bluntly. “It’s not going to keep me up at night.”
And just like that, a quiet war over funding the government has exploded into a full-blown constitutional crisis.
From Tradition to Turmoil: The Fall of Appropriations
The budget battle is heating up as September 30, 2025, looms—the deadline to fund the government and avoid a shutdown. Historically, Congress handled this through “regular order,” passing 12 detailed appropriations bills with bipartisan input. But over time, this process has eroded, replaced by hastily constructed “omnibus” bills, continuing resolutions (CRs), and now—rescission packages.
In recent months, Republicans have passed a $300 billion increase in military and immigration enforcement, followed by a $9 billion domestic aid cut—a rollback achieved through a little-used process allowing partisan reversal of previously agreed spending.
“It’s basically saying: No matter what you decide on, the president can change it,” said Senator Dick Durbin, D-Ill., who is retiring after a 30-year Senate career. “That’s a step backwards.”

The GOP’s New Playbook: Partisanship as Policy
Vought’s vision is clear: abandon the pretense of bipartisanship in budgeting. His bold comments sent shockwaves through Capitol Hill, drawing fierce backlash—even from fellow Republicans.
Senator Susan Collins, R-Maine, chair of the Appropriations Committee, criticized Vought’s “lack of respect and understanding” for congressional norms. Senator Lisa Murkowski, R-Alaska, called the remarks “dismissive” and said Vought was “disrespecting the institution.”
“I think he thinks we’re irrelevant,” Murkowski added bluntly.
Even Senate Majority Whip John Thune, R-S.D., distanced himself from Vought, reminding reporters, “We need 60 [votes] to pass appropriations bills.”
Schumer Fires Back: “Fire Vought Before He Destroys Democracy”
Democrats, sensing a power grab, are sounding the alarm. Senate Minority Leader Chuck Schumer accused the White House of “torching the last bipartisan bridge in Congress.”
“It is absurd to expect Democrats to help fund the government if Republicans are just going to renege on agreements behind closed doors,” Schumer warned.

He even urged Trump to “fire Russell Vought immediately, before he destroys our democracy and runs the country into the ground.”
Is Congress Losing the Power of the Purse?
Under the Constitution, Congress—not the president—controls government spending. But with White House advisors rewriting budgets post-approval and using rescissions to gut bipartisan deals, many lawmakers say the balance of power is shifting dangerously.
“The appropriations process is broken,” said Senator John Kennedy, R-La. “It’s been broken for a while.”
Former Senate GOP Leader Mitch McConnell echoed this frustration. Reflecting on his 18 years of experience, McConnell admitted: “I concluded our failure to pass our bills empowers every president… and that makes all of our requests irrelevant.”
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Gridlock on the Horizon
With Schumer and Democrats threatening to withhold support unless rescission efforts stop, and House Republicans insisting on a purely GOP-crafted budget, the outlook is grim.
Some insiders say Congress will likely rely on yet another continuing resolution, a stopgap that avoids shutdowns but maintains the status quo. Others fear a full government shutdown may be unavoidable.
“What the math tells us,” Thune said, “is we still need bipartisan votes to fund the government. That’s reality.”

Can Bipartisanship Be Revived—or Is It Too Late?
In a time of hyperpartisan warfare, Senator Collins remains one of the last defenders of bipartisan budgeting. She opposed both the megabill and rescissions—making her a lonely voice in today’s combative political landscape.
Political scientist Sarah Binder warns that the Trump administration’s impoundments of funding not only undermine congressional authority but also threaten the very idea of separation of powers.
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