Job Cuts Soared 60% In March To Highest Since Spring 2020—Almost All Because Of DOGE

Forbes UK

Summary

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On Wednesday, US President Donald Trump unveiled an additional 34% tariffs on all Chinese goods imports into the US, in a move poised to cause a major reset of relations and escalate a trade war between the world’s two largest economies.
CNN
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The monthly total was surpassed only by April and May of 2020 in the early days of the pandemic when employers announced combined reductions of more than 1 million.
CNBC
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The number of layoffs in March hit its highest level since the pandemic, with U.S. employers announcing 275,240 job cuts—many of which are attributed to the Department of Government Efficiency’s cuts.
The Independent
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Furloughs in the federal government totaled 216,215 for the month, part of a total 275,240 reductions overall in the labor force.
NBC News

■ Story #480 ▪

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References

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Challenger, Gray & Christmas, Inc.
Federal Cuts Dominate March 2025 Total: 275,240 Announced Job Cuts, 216,670 from DOGE Actions
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