U.S. employers announced 47,999 job cuts in June 2025, down -49% MoM and -2% YoY, bringing the Q2 total to 247,256 up 39% YoY and the highest second quarter since the pandemic.

• So far this year, companies have announced 744,308 job cuts, the highest YTD since 2020 when 1,585,047 were announced. Outside of 2020, it is the highest YTD since 896,675 cuts were announced in the first six months of 2009.
• Government led job cuts YTD with 288,628, while Retail (79,865, +255% YoY) and Technology (76,214, +27% YoY) followed among private sectors.
• Non-profits reported 16,930 cuts (+407% YoY), mainly due to federal budget reductions; Media and News cuts declined -46% and -52% YoY, respectively.
• “DOGE Impact” accounted for 286,679 layoffs YTD, followed by economic conditions (154,126), closures (107,142), and restructuring (64,487).
• The East region saw the largest YoY increase in job cuts (+222%), led by Washington D.C. (289,586); Midwest, South, and West regions showed mixed trends.
• Hiring announcements totaled 82,932 YTD (+19% YoY), but remain historically low, with June’s 3,191 hires marking the weakest monthly figure of the year.