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US Employers Announce Most Job Cuts Since 2020

Business Standard

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March 07, 2025

US employers in February announced plans to reduce headcount at the fastest pace since early in the pandemic, led by cuts in the government sector as the Trump administration moved to shrink the federal workforce.

Job-cut announcements totaled 172,017 in February, a 103 per cent increase from last year and the most since July 2020, according to data released Thursday from outplacement firm Challenger, Gray & Christmas.

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