Layoffs Slowed From April To March — Though Up 63% Year-Over-Year
The post Layoffs Slowed From April To March — Though Up 63% Year-Over-Year appeared on BitcoinEthereumNews.com. Protesters rally outside of the Theodore Roosevelt Federal Building headquarters of the U.S. Office … More of Personnel Management on Feb. 5, in Washington, DC. T Getty Images April saw 105,441 layoffs from U.S.-based employers, marking a significant decrease from layoffs in March, but a year-over-year increase of more than 60% as the government continued to slash its workforce, according to a report from Challenger, Gray & Christmas. The report found the government has had the most cuts of any sector this year—though government cuts slowed notably last month—and the Department of Government Efficiency is responsible for nearly half of all layoffs to date. Although reported layoffs fell 62% from March to April, cuts last month were up 63% from about 65,000 reported in April 2024, and were the highest total for the month since 2020. So far, there have been 602,493 layoffs in 2025, an 87% increase from the same period last year, marking the highest year-to-date total since 2020, when more than 1 million job cuts were reported, according to the report. Challenger, Gray & Christmas, a career services firm, also reported that 48% of layoffs this year have been tied to DOGE actions, either directly or because of “downstream impact.” In April, the deepest cuts came from the technology sector, where about 27,000 job cuts were announced last month. Technology was followed by healthcare (7,654 in April), retail (7,235), government (2,782) and non-profits (2,496), according to the report released Thursday. Fewer than 3,000 government cuts is a notable change from the last two months, in which DOGE worked to slash the federal government’s workforce quickly: March had 216,215 government cuts and February had 62,242. The most common reason companies gave Challenger for layoffs this year has been “DOGE actions,” which accounted for 283,172. Nearly another 7,000 were…
The post Layoffs Slowed From April To March — Though Up 63% Year-Over-Year appeared on BitcoinEthereumNews.com.
Protesters rally outside of the Theodore Roosevelt Federal Building headquarters of the U.S. Office … More of Personnel Management on Feb. 5, in Washington, DC. T Getty Images April saw 105,441 layoffs from U.S.-based employers, marking a significant decrease from layoffs in March, but a year-over-year increase of more than 60% as the government continued to slash its workforce, according to a report from Challenger, Gray & Christmas. The report found the government has had the most cuts of any sector this year—though government cuts slowed notably last month—and the Department of Government Efficiency is responsible for nearly half of all layoffs to date. Although reported layoffs fell 62% from March to April, cuts last month were up 63% from about 65,000 reported in April 2024, and were the highest total for the month since 2020. So far, there have been 602,493 layoffs in 2025, an 87% increase from the same period last year, marking the highest year-to-date total since 2020, when more than 1 million job cuts were reported, according to the report. Challenger, Gray & Christmas, a career services firm, also reported that 48% of layoffs this year have been tied to DOGE actions, either directly or because of “downstream impact.” In April, the deepest cuts came from the technology sector, where about 27,000 job cuts were announced last month. Technology was followed by healthcare (7,654 in April), retail (7,235), government (2,782) and non-profits (2,496), according to the report released Thursday. Fewer than 3,000 government cuts is a notable change from the last two months, in which DOGE worked to slash the federal government’s workforce quickly: March had 216,215 government cuts and February had 62,242. The most common reason companies gave Challenger for layoffs this year has been “DOGE actions,” which accounted for 283,172. Nearly another 7,000 were…
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