DOGE actions also accounted for the majority of job cuts announced by US-based employers in March, Business Insider reported, citing data from a new report by Challenger, Gray & Christmas, is a global outplacement firm. Also Read: Indian startups need to focus on tech, not grocery delivery and ice creams: Piyush Goyal This also makes it the third-highest monthly total cuts ever recorded since the company began tracking such data in 1989. The top two months for job losses previously were in April and May 2020, at the height of...

Job cut announcements soared in March with federal workforce layoffs leading the way behind the Trump administration's actions to shrink government agencies. U.S.-based employers announced 275,240 job cuts in March, up nearly 60% from last month and 205% from last year, according to the monthly report from Challenger, Gray & Christmas. More than three-quarters of the job cuts were in the government sector, all of them federal positions.

Critics of President Donald Trump, including liberal economists Paul Krugman and Robert Reich, are warning that between steep new tariffs, mass deportations and mass layoffs of federal government employees, the United States may be in for a painful economic downturn. Krugman argues that the layoffs, which the Trump Administration is carrying out with the help of the Elon Musk-led Department of Government Efficiency (DOGE), are problematic not only because so many skilled workers are being laid off, but also, because putting so many people out of work at once isn't...

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 number of job cuts jumped 60 percent in March compared to the same data from February, which the outplacement firm Challenger, Gray and Christmas attributed to DOGE’s massive cuts to the federal government. “Job cut announcements were dominated last month by Department of Government Efficiency [DOGE] plans to eliminate positions in the federal government. It would have otherwise...

U.S. employers in March announced the third-highest number of layoffs on record last month as Elon Musk's Department of Government Efficiency (DOGE) continued its efforts in reducing the federal workforce, new data showed. The monthly report by Challenger, Gray & Christmas found that employers announced 275,240 job cuts in March, a 60% increase from the prior month when 172,017 cuts were announced. Last month's cuts are up 205% from March 2024, which was the highest monthly total recorded last year. "Job cut announcements were dominated last month by Department of...

Layoffs driven by Department of Government Efficiency (DOGE) cuts to the federal workforce totaled 275,240 in March, according to Challenger, Gray & Christmas, the third-highest monthly amount ever recorded by the outplacement firm. The firm said that the government sector accounted for 216,215 layoffs last month. The Trump administration has cut 279,445 federal jobs since the president started his second term in office, according to Challenger, Gray & Christmas, compared 36,195 cuts to the federal workforce announced in the first quarter of 2024.