DOGE's Actions Lead to Fastest Job Cuts Since Pandemic's Early Days, With Federal Workforce Taking The Hit

Benzinga

US employers announced plans in February to reduce headcount at the fastest pace since the pandemic's early days. The cuts are primarily in the government sector under the Trump administration's effort to shrink the federal workforce.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02U.S. employers announced plans in February to reduce headcount at the fastest pace since

00:06the pandemic's early days. The cuts are primarily in the government sector under the Trump

00:11administration's effort to shrink the federal workforce. The federal government accounted

00:15for over 62,000 job cuts, but the retail and technology sector is also planning layoffs.

00:21The Department of Government Efficiency's efforts to reduce federal headcount has led

00:26to job losses for thousands of government employees and contractors.

00:30Dojo's actions have raised concerns that unemployment could rise in 2025.

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