US layoffs fall by 49% in June

02/07/2025 Argaam
US job cuts tumbled in June, but rose during the first six months of this year, driven by efforts from the US administration to reduce the workforce in the public sector.
 
US companies laid off 47,990 employees in June, a 49% decrease compared to the previous month, according to a monthly report by Challenger, Gray & Christmas released today, July 2.
 
Compared to the same month last year, the total number of job cuts is down 2% in June.
 

Since the beginning of 2025, the total number of job cuts in the US reached 744,300, the highest quarterly level since H1 2020.

 

Most of these job cuts were due to efforts by the Department of Government Efficiency (DOGE), as part of the US President’s plans to reduce the number of government workforce and slash federal spending.

 

The report also showed that layoffs in the federal government reached 288,630 since year-start, most of which are amid a state of legal uncertainty.

 

Retail firms announced 79,860 job cuts in the first six months of the year, while furloughs in the tech and media sectors reached 76,210 and 4,752, respectively.

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