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U.S. Layoffs Surge Near 2020 Highs amid DOGE Cuts. Layoff Rate is the Highest Since 2009

JosephZ

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Elon Musk's DOGE was behind a huge increase in U.S. March job cuts, according to a Thursday report from Challenger, Gray & Christmas.

Employers announced 275,240 job cuts, a 60% increase from February. In the federal government alone 216,215 jobs were cut in March.

Only the COVID-19 pandemic in April and May 2020 caused more government job losses.

Total U.S. job cuts announced this year have hit 497,052. That's the highest year-to-date and quarterly total since Q1 2009. It's a 93% increase from the same period in 2024, when 257,254 job cuts were announced.

The cuts are having a strong impact on federal agencies including 10,000 job cuts at the Department of Veteran's Affairs, while the U.S. Army cut 24,000 jobs.

Other sectors beyond government are also shedding jobs. Tech companies cut 15,055 jobs and retailers have cut 11,709, consumer products makers have eliminated 14,619 and automakers 7,146.

The 2025 layoff rate is the highest since 2009 when more than 428,000 job cuts were planned over the same time period.


 

CRAZY_CAT_WOMAN

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The true victims are the people, that didn't vote for Trump. Trump voter get what they voted for.Im sure plenty of Trump supporters are among the people, that lost their jobs.
 
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