Layoffs increased by nearly 50% in May compared with last year, as DOGE was cited as the leading cause of 284,044 job cuts in 2025 so far, representing about 40% of cuts.

Job cuts announced by U.S. employers so far this year reached their highest levels since 2020, a new report showed. The Department of Government Efficiency and weakening economic conditions are ...

U.S.-based employers announced 93,816 job cuts in May, Challenger, Gray and Christmas said on Thursday, down 12% from 105,441 cuts in the prior month and up 47% from 63,816 logged in the year-ago ...