Close Menu
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Facebook X (Twitter) Instagram
Truth Republican
  • Home
  • News
  • Politics
  • Business
  • Guns & Gear
  • Healthy Tips
  • Prepping & Survival
  • Videos
Newsletter
Truth Republican
You are at:Home»Business»US layoffs spike nearly 50% as DOGE-driven cuts take center stage
Business

US layoffs spike nearly 50% as DOGE-driven cuts take center stage

Buddy DoyleBy Buddy DoyleJune 5, 2025No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp
US layoffs spike nearly 50% as DOGE-driven cuts take center stage
Share
Facebook Twitter LinkedIn Pinterest Email

Layoffs of U.S. workers were nearly 50% higher in May than they were a year ago, with reductions attributed to the Department of Government Efficiency (DOGE) remaining the leading reason for job cuts this year, according to a new report.

Global outplacement Challenger, Gray & Christmas on Thursday released a report that said there were 93,816 job cuts announced by U.S. employers in May. That amounts to an increase of 47% from 63,816 announced last May, while last month’s figure was down 12% from 105,441 cuts in April.

That brings the total number of job cuts announced this year to 696,309 — an increase of 80% from the 385,859 jobs cut in the first five months of 2024. This year’s total is just 65,049 job cuts away from matching the 2024 annual total.

“Tariffs, funding cuts, consumer spending, and overall economic pessimism are putting intense pressure on companies’ workforces. Companies are spending less, slowing hiring, and sending layoff notices,” said Andrew Challenger, senior vice president of Challenger, Gray & Christmas.

PRIVATE SECTOR ADDED 37,000 JOBS IN MAY, LOWEST IN OVER 2 YEARS, ADP SAYS

The impact of DOGE was the leading reason for job cut announcements in 2025, as it has been cited in 284,044 planned layoffs through the first five months of 2025. 

Those figures include both direct reductions in the federal workforce and contractors who work with federal agencies. The downstream impact of DOGE, such as private non-profits losing access to federal funding due to DOGE, was attributed to an additional 10,459 cuts, the report noted.

JUDGE TEMPORARILY STOPS TRUMP ADMIN MOVES TO CLOSE JOB CORPS CENTERS ACROSS NATION

The skyline of Washington, DC, including the US Capitol building, Washington Monument, Lincoln Memorial and National Mall, is seen from the air, January 29, 2010. AFP PHOTO / Saul LOEB (Photo credit should read SAUL LOEB/AFP via Getty Images)

The second-most cited reason for workforce reductions were market and economic conditions, which were attributed to 131,257 cuts this year.

Closures of stores, units or plants led to an additional 94,439 layoffs; while restructuring accounted for 62,015 cuts and corporate bankruptcy was attributed as the cause of 35,501.

THESE ARE THE BIGGEST MOVES ELON MUSK MADE WHILE RUNNING DOGE

Elon Musk shows off DOGE shirt

The report also noted that technological updates, such as those related to the implementation of artificial intelligence (AI), have led to 20,000 job cuts this year to date.

Employers have announced 79,941 planned hires through May 2025, which represents an increase of 57% from the number of hires announced at this point in 2024. 

The report noted that while “companies have announced more hiring plans this year than last, it remains historically low when compared to pre-pandemic and early-pandemic years.”

“The current 2025 hiring pace is more aligned with 2012 (50,194 YTD) and 2013 (180,012 YTD) than with the rebound years of 2021-2022, suggesting that, while companies are adding workers, they are doing so cautiously,” Challenger said.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleGOP bill takes aim at Congress’ ‘no rules apply’ emergency spending
Next Article New Mpox Outbreak In Africa Leads To Cases In The U.S.

Related Articles

Lutnick backs Trump’s ‘50-50’ odds of striking trade deal with EU ahead of August deadline

Lutnick backs Trump’s ‘50-50’ odds of striking trade deal with EU ahead of August deadline

July 27, 2025
President Trump in Scotland: Everything you need to know about Europe’s oil capital, Aberdeen

President Trump in Scotland: Everything you need to know about Europe’s oil capital, Aberdeen

July 27, 2025
China, India fuel Russia war machine by ignoring international sanctions: report

China, India fuel Russia war machine by ignoring international sanctions: report

July 27, 2025
America’s growing copper crisis finds a promising solution in Arizona’s backyard

America’s growing copper crisis finds a promising solution in Arizona’s backyard

July 27, 2025
Social Security confidence hits 15-year low as younger Americans increasingly lose faith in system

Social Security confidence hits 15-year low as younger Americans increasingly lose faith in system

July 27, 2025
Billy Joel’s former Florida property now site of .8M mansion on the market

Billy Joel’s former Florida property now site of $84.8M mansion on the market

July 27, 2025
Florida CEO gets 5 years in prison, 8M fine in ‘Obama phone’ scam

Florida CEO gets 5 years in prison, $128M fine in ‘Obama phone’ scam

July 27, 2025
Women’s dating advice app Tea victim of major data breach exposing over 70,000 photos

Women’s dating advice app Tea victim of major data breach exposing over 70,000 photos

July 27, 2025
American Airlines flight evacuated over landing gear issue at Denver airport

American Airlines flight evacuated over landing gear issue at Denver airport

July 27, 2025
Don't Miss
Freedom Caucus lawmaker Ralph Norman vows to ‘shake things up’ in South Carolina governor bid

Freedom Caucus lawmaker Ralph Norman vows to ‘shake things up’ in South Carolina governor bid

Rubio downplays 2028 talk, touts Vance as Trump’s successor

Rubio downplays 2028 talk, touts Vance as Trump’s successor

Trump hits EU for lack of Gaza aid, says Israel needs to ‘make a decision’ with Hamas not releasing hostages

Trump hits EU for lack of Gaza aid, says Israel needs to ‘make a decision’ with Hamas not releasing hostages

Trump’s CIA chief teases critical new evidence in long-running Russiagate ‘hoax’

Trump’s CIA chief teases critical new evidence in long-running Russiagate ‘hoax’

Latest News
Trump announces trade deal with European Union

Trump announces trade deal with European Union

July 27, 2025
Teens increasingly turning to AI for friendship as national loneliness crisis deepens

Teens increasingly turning to AI for friendship as national loneliness crisis deepens

July 27, 2025
Another War? Thailand and Cambodia CLASH at the Border

Another War? Thailand and Cambodia CLASH at the Border

July 27, 2025
Lutnick backs Trump’s ‘50-50’ odds of striking trade deal with EU ahead of August deadline

Lutnick backs Trump’s ‘50-50’ odds of striking trade deal with EU ahead of August deadline

July 27, 2025
Massie urges subpoena against Epstein estate, joins progressive Dem in push for ‘full release’ of files

Massie urges subpoena against Epstein estate, joins progressive Dem in push for ‘full release’ of files

July 27, 2025
Copyright © 2025. Truth Republican. All rights reserved.
  • Privacy Policy
  • Terms of use
  • Contact

Type above and press Enter to search. Press Esc to cancel.