Amtrak to Cut 20% of Top-Level Staff Amid Trump Uncertainty (1)

Amtrak is cutting roughly 20% of its top-level management staff in an effort to reduce costs amid uncertainty about President Donald Trump’s plans to invest in infrastructure, according to people familiar with the matter.

The national passenger railroad, a for-profit company owned by the federal government, is aiming to shave $100 million in costs, said one of the people, who requested anonymity to disclose figures that aren’t public.

The company in a statement said that it eliminated approximately 450 roles and confirmed that the job cuts, along with other moves, would save the railroad $100 million each year.

Amtrak ...