Challenger Job Cuts Report for February 2025

The global outplacement consultancy Challenger, Gray and Christmas, Inc. released its job cuts report, for February 2025:

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Job Cuts Announced During February 2025: 172,017

• Previous Month: 49,795
  

 > Change from previous month: +245.45% (+122,222 cuts)

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• One-Year Previous: 84,638
  

> Change from one-year previous: +103.24% (+87,379 cuts)

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From Today's Report:

"...So far this year, employers have announced 221,812 job cuts, the highest year-to-date (YTD) total since 2009 when 428,099 job cuts were planned. It is up 33% from the 166,945 cuts announced during the same period in 2024.

'Private companies announced plans to shed thousands of jobs last month, particularly in Retail and Technology. With the impact of the Department of Government Efficiency [DOGE] actions, as well as canceled Government contracts, fear of trade wars, and bankruptcies, job cuts soared in February,' said Andrew Challenger, Senior Vice President and workplace expert for Challenger, Gray & Christmas..."

If corporate layoffs are high, consumer spending may decline, since there would be fewer people with steady jobs.

When corporate layoffs are low, this can mean that the job market is relatively tight, which can be a harbinger of wage inflation.

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Challenger Report - Announced Jobs Cuts
February 2025 UPDATE

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Job Cuts by Reason - USA
February 2025 UPDATE

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Job Cuts: Month-by-Month Totals
February 2025 UPDATE

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• Click here to read the full Challenger, Gray and Christmas report

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