US layoffs spike nearly 50% as DOGE-driven cuts take center stage
Layoffs of U.S. workers were nearly 50% higher in May than they were a year ago, with reductions attributed to the Department of Government Efficiency (DOGE) remaining the leading reason for job cuts this year, according to a new report.Global outplacement Challenger, Gray & Christmas released a report Thursday that said there were 93,816 job cuts announced by U.S. employers in May. That amounts to an increase of 47% from 63,816 […]