Overview
- The U.S. announced 275,240 layoffs in March 2025, the third-highest monthly total on record, driven by 216,215 federal job cuts led by the Department of Government Efficiency (DOGE).
- DOGE's aggressive downsizing efforts, spearheaded by Elon Musk, have slashed federal spending and eliminated positions across 27 agencies, heavily impacting Washington D.C.
- Downstream effects of federal cuts have led to an additional 4,429 layoffs in healthcare and nonprofit sectors, highlighting broader economic vulnerabilities.
- Legal challenges and paid notice periods have delayed the full impact of the layoffs, with thousands of workers reinstated by court orders.
- Hiring plans sharply declined in March 2025, with only 13,198 planned hires compared to 34,580 in February, reflecting growing uncertainty in the labor market.