United States Challenger Job Cuts

US-based employers announced 62,075 job cuts in July 2025, up 29% from June’s 47,999 and up 140% from 25,885 announced in the same month last year. July’s job cuts were also well above average for this month since the pandemic. “We are seeing the Federal budget cuts implemented by DOGE impact non-profits and healthcare in addition to the government. AI was cited for over 10,000 cuts last month, and tariff concerns have impacted nearly 6,000 jobs this year,” said Andrew Challenger, Senior Vice President and labor expert for Challenger, Gray & Christmas. So far this year, companies have announced 806,383 job cuts, the highest year-to-date since 2020 when 1,847,696 were announced. “DOGE Impact” remains the leading reason for job cut announcements in 2025, cited in 289,679 planned layoffs so far this year.