U.S. Layoff Announcements Surge to Post-Pandemic High Amid DOGE Job Cuts

Recent data shows that U.S. layoffs reached a post-pandemic high in February, driven significantly by job cuts at DOGE, a major federal employer. Layoff announcements soared to levels not seen since the Great Recession, with a 245% surge compared to the same period last year. CNN reported that the layoffs reflect the worst February for job cuts since 2009, while Fast Company highlighted the impact of DOGE’s decision to slash its federal workforce. The labor market’s stability now appears uncertain as these cuts ripple through the economy. Analysts are closely monitoring whether this trend signals broader economic challenges or is an isolated incident tied to specific sectors. — news from MarketWatch

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