US layoffs spike nearly 50% as DOGE-driven cuts take center stage
- U.S. Employers announced 93,816 job cuts in May 2025, marking a nearly 50% increase from May 2024 amid rising workforce reductions nationwide.
- This spike in layoffs follows ongoing economic pressure from tariffs, funding cuts, and reduced consumer spending, with the Department of Government Efficiency driving many cuts.
- The Department of Government Efficiency, established by Elon Musk, has been responsible for the largest share of job cut announcements this year, with 284,044 layoffs planned so far.
- Andrew Challenger noted that businesses are reducing expenditures, hiring at a more cautious pace, and issuing layoff notifications, while the private sector's job growth in May totaled 37,000—the slowest increase seen in over two years.
- The surge in layoffs suggests firms are adjusting to difficult market conditions, though announced hires increased 57% from last year but remain below pre-pandemic levels.
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GOP Worries DOGE Cuts Will Sink Them in Virginia
“Republicans are increasingly worried that budget cuts by Elon Musk's DOGE could cost them dearly in November's vote for Virginia governor — an early electoral test of President Trump's policies,” Axios reports.“Virginia has one of the highest percentages of federal employees in the coun
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Read Full ArticleUS layoffs spike nearly 50% as DOGE-driven cuts take center stage
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.
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