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US layoffs rise to 245% in February
short by Neeraja Nath / on Friday 7 March, 2025
US-based employers' layoffs rose 245% from January to 1,72,017 in February, the highest monthly total since July 2020, a report by outplacement firm Challenger, Gray & Christmas stated. It claimed DOGE accounted for 63,583 layoffs in 2025. "Mass layoffs often leave remaining staff feeling uneasy...The likelihood that more workers leave voluntarily is high," firm's senior VP Andrew Challenger said.
read more at Reuters