Job cuts were up 205% in March compared to last year; most came from the federal gov., report finds

Job cuts were up 205% in March compared to last year; most came from the federal gov., report finds

The number of jobs cut in March was up 205% over the same period last year, according to a report by Challenger, Gray and Christmas.

US employers cut 275,240 jobs in March, the highest number since May 2020 and the third highest in the history of the measurement.