Labor Expert: Surge in layoffs linked to Trump's policies/DOGE actions

[BlueWaveNeverEnd]

Layoffs surged nearly 40 percent last month, with employers eliminating 85,979 positions — the largest August hit since the height of the COVID-19 pandemic in 2020, according to research released Thursday.

The analysis from the Challenger, Gray & Christmas consulting firm noted the cuts, which have hit the pharmaceutical, financial and retail industries especially hard, are likely linked to some of President Trump’s policies since his return to office in January.

To date, employers have made 892,362 cuts in 2025 — the most since 2020, when 1,963,458 cuts were announced from January to August amid the pandemic, according to the firm’s analysis.


The experts wrote that the White House’s Department of Government Efficiency (DOGE) and its sweeping cuts to the federal workforce likely had a ripple effect that prompted cutbacks. “DOGE actions” has been the top reason cited for job cuts and layoffs so far in 2025, according to the analysis.

“After the impact of DOGE on the federal government, employers are citing economic and market factors as the driver of layoffs,” said Andrew Challenger, a labor expert and senior vice president at the firm. “We’ve also seen a spike in cuts due to operation or store closings and bankruptcies this year compared to last.”

August sees nearly 86K layoffs, highest since COVID-19 https://thehill.com/business/5485625-august-job-cuts-hit-pharma-finance/

[Renew Deal]

1. This article appears to be misleading and the market is up 250 points right now.

I don't think the market is taking this as a serious indicator.

[Johonny]

2. A lot of rate stocks of mine are way up

As the September rate cut seems much more likely due to the weak jobs data. That's my read.