Jun 05 May 2025 Job Cuts Up 47% Over Same Month Last Year; Cuts Spread To Other Sectors Than Gov’t For Other Reasons Than DOGE

“Tariffs, funding cuts, consumer spending, and overall economic pessimism are putting intense pressure on companies’ workforces. Companies are spending less, slowing hiring, and sending layoff notices,” said Andrew Challenger, Senior Vice President of Challenger, Gray & Christmas.