According to the recruitment firm Challenger, Gray & Christmas, in February, American companies announced a reduction in the number of jobs by 172,017 thousand.
The indicator has doubled year over year and has become a record since July 2020. This month, it has updated its maximum since 2009.
One of the most dramatic staff reductions last month occurred in the public sector due to the US Department of Government Effectiveness (DOGE) activities. Federal authorities laid off more than 62,000 people.