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Jobless Claims Jumped Last Week As 'DOGE Actions' Spark Biggest YTD Layoffs Since 2020
Jobless Claims Jumped Last Week As 'DOGE Actions' Spark Biggest YTD Layoffs Since 2020 So far this year, employers have announced 602,493, the highest year-to-date total since 2020 when 1,017,812 job cuts were recorded, according to the latest data from global outplacement and executive coaching firm Challenger, Gray & Christmas. It is up 87% from the 322,043 cuts announced during the same period in 2024. The Government leads all sectors in job cuts this year with 282,227; 281,452
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