Brief by Shorts91NewsDesk / 02:15pm on 04 Apr 2025,Friday International
In March 2025, U.S. employers announced 90,309 job cuts, up 7% from February and 0.7% year-over-year, according to a report by Challenger, Gray & Christmas. The technology sector saw the highest number of layoffs at 14,224, largely driven by workforce reductions at DOGE, a crypto-related company facing financial difficulties. This marks the third consecutive monthly increase in job cuts. First-quarter layoffs have reached 257,254—up 120% from Q4 2024 and the highest since Q1 2020. Hiring plans have also sharply declined, signaling growing economic caution and shifting corporate priorities amid ongoing market uncertainty.
