US Employers Announce Largest Job Cuts Since 2020 Amid DOGE Layoffs
In February 2025, US employers reported 172,017 job cuts, marking a 103% increase from the previous year and the most since July 2020. The government sector led these reductions, dramatically impacted by the Department of Government Efficiency's layoff strategies, followed by significant cuts in the retail and tech industries. These developments spark concerns over economic stability and potential recession indicators like the Sahm Rule.
Mar 6