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Layoff announcements surge to the most since the pandemic as Musk’s DOGE slices federal labor force

  • Layoffs reached their highest level since the pandemic, with 275,240 planned job cuts announced, a 60% increase from February, according to Challenger, Gray & Christmas.
  • The federal government accounted for nearly 80% of the layoffs, totaling 216,215 job cuts, the highest since May 2020.
  • These layoffs represent a 205% increase compared to March 2024, marking this as the third-highest month of layoffs on record.
  • Gregory Daco, chief economist at EY-Parthenon, stated that cutting government spending rapidly can have negative effects on the economy.
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103 Articles

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Center
25
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Bradford TodayBradford Today
+5 Reposted by 5 other sources
Lean Left

Blood-sucking ‘vampire fish’ thriving in the Great Lakes? Blame Elon Musk

Tonight on 'Closer Look': Donald Trump's Department of Government Efficiency (DOGE) is jeopardizing longstanding efforts between Canada and the United States to fight invasive sea lampreys

·Bradford West Gwillimbury, Canada
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iosconews.comiosconews.com
+27 Reposted by 27 other sources
Center

Department of Labor looks to clawback $2.9B in pandemic funding

(The Center Square) – The U.S. Department of Labor is clawing back $2.9 billion in unused pandemic funding sent to states to prop up unemployment insurance programs.

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RedState broke the news in Washington, United States on Tuesday, April 1, 2025.
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