The Village Idiot's actions starting to hurt the economy.
Pharma and Finance Lead as August 2025 Job Cuts Rise 39% to 85,979
So far this year, companies have announced 892,362 job cuts, the highest YTD since 2020 when 1,963,458 were announced. It is up 66% from the 536,421 job cuts announced through the first eight months of last year and is up 17% from the 2024 full year total of 761,358.
"DOGE Actions" is the leading reason given. A direct result of the Trump and Musk union.
“DOGE Actions” remains the leading reason for job cut announcements in 2025, cited in 292,279 planned layoffs so far this year. This includes direct reductions to the Federal workforce and its contractors. An additional 17,346 cuts have been attributed to DOGE Downstream Impact, such as the loss of funding to private non-profits and affiliated organizations.
Market and economic conditions are the second-most cited reason. This has to be Trump's on-again-off-again tariffs and Trump-inspired uncertainty.
More on the Jobs report here:
Comments on August Employment Report
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