‘DOGE’ job cuts push U.S. layoffs to postpandemic high. Is the labor market crumbling?
Read more at MarketWatch
-
DOGE onslaught pushed layoff announcements to highest point since 2020
An unofficial but closely watched gauge of the labor market found February had the most layoff announcements since early in the pandemic, led by massive federal workforce cuts.NBC News - 7h -
The Callisto Protocol Dev Cuts More Jobs In Gaming's Latest Layoffs
Striking Distance Studios, the Krafton-owned game studio that made 2022's The Callisto Protocol and 2024's Redacted , has undergone a new round of layoffs. This follows on from a previous round ...GameSpot - Feb. 25 -
Layoffs soar to highest level since 2020, led by Musk's DOGE cuts
Job cuts spiked in February, marking their highest point since July 2020, due to firings of government workers directed by DOGE.CBS News - 7h -
Free-market advocates assemble coalition, at Trump’s request, to push tax cuts
EXCLUSIVE: Free-market economics big wigs, acting on a request from President Trump, have assembled a coalition that aims to be the premier voice in the push to make Trump’s 2017 tax cuts ...The Hill - 10h -
GOP push for DOGE cuts inflames talks to prevent shutdown
Growing calls among hardline House conservatives to incorporate cuts made by the Department of Government Efficiency (DOGE) into a developing government funding bill are complicating efforts to ...The Hill - 6d -
Trump, DOGE mass job cuts: Federal workers’ money questions answered
The Trump administration is terminating federal workers across agencies. Here’s what to know about your rights and finances if you were impacted by the cuts.CNBC - Feb. 21 -
Economists say Trump tariff threats, DOGE job cuts are 'chilling' the economy
Economists say uncertainty from Trump’s tariff threats and mass layoffs of government workers are starting to have a “chilling” effect on the U.S. economy.ABC News - 6d -
Stock market faces a critical day with Friday’s high-stakes jobs report and a Powell speech
U.S. stocks are tumbling, leaving the Nasdaq on the cusp of a correction.MarketWatch - 2h -
Why the February jobs report may push a jittery stock market toward a correction
Angst over the health of the U.S. economy has investors nervous about the possibility of an approaching recession — and the next big jobs report may not be enough to calm nerves for very long.MarketWatch - 3d -
Jobless claims match 3-month high as Trump White House readies more federal job cuts
The number of people who applied for unemployment benefits last week matched a three-month high, possibly reflecting the first wave of what’s likely to be a flood of laid-off federal employees and ...MarketWatch - Feb. 27 -
DOGE for Ohio? Vivek Ramaswamy enters governor's race pushing cuts and merit pay
CLEVELAND — Biotech entrepreneur Vivek Ramaswamy, who will declare his candidacy for governor of Ohio on Monday, wants to reshape public schools, cut regulations and slash spending.NBC News - Feb. 23 -
How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy
The Trump administration's federal mass job cuts may amount to the largest in history. That has financial ramifications for households and the economy.CNBC - Feb. 23 -
How the Trump and DOGE terminations — perhaps the biggest job cuts in history — may affect the economy
The Trump administration’s purge of federal workers may ultimately amount to the biggest job cut in U.S. history, which is likely to have ramifications for the economy, especially at the local ...NBC News - Feb. 23 -
Steve Cohen says tariffs and DOGE's cuts are negative for economy, market correction could be soon
The CEO of hedge fund Point72 turned bearish for the first time in a while due to punitive tariffs, immigration crackdown and federal spending cuts.CNBC - Feb. 21 -
Number of Americans filing for jobless benefits falls as labor market remains sturdy
Applications for U.S. jobless benefits fell last week as the labor market remains sturdy ahead of an expected purge of federal government employeesABC News - 7h -
I Used to Work at the IRS. Here’s How the Massive Job Cuts This Week Will Affect You
Is it a good time to cheat on your taxes given all the pink slips at the IRS?Inc. - Feb. 22 -
Georgia Republican faces crowd angered by DOGE layoffs
Rep. Rich McCormick faced a crowd at a town hall in Roswell, Georgia, that expressed anger about the layoffs and cuts implemented by Elon Musk's DOGE team.NBC News - Feb. 21 -
Trump and DOGE Escalate Layoffs of Federal Workers
Federal officials circulated a memo asking agency leaders to plan even more job reductions after thousands of federal workers were fired in recent weeks.The New York Times - Feb. 27 -
US may exclude government spending from GDP, obscuring effect of Doge cuts
Howard Lutnick’s remarks echo Elon Musk, who says government spending doesn’t create value for US economy. US politics live – latest updates Howard Lutnick, the US commerce secretary, said on ...The Guardian - 3d -
NOAA braces for steep job cuts
{beacon} Energy & Environment Energy & Environment The Big Story NOAA set to slash jobs ‘imminently’ Mass firings are set to hit the National Oceanic and Atmospheric Administration (NOAA) ...The Hill - Feb. 21 -
Stiletto Botox: is a ‘Loub job’ the secret to wearing high heels?
This expensive procedure has gone viral on TikTok – and comes with the risk of allergic reactions, bruising and infection. Is it worth it to be comfortably numb?. Name: Stiletto Botox.. Age: ...The Guardian - Feb. 25 -
New Zealand’s high commissioner to the UK loses job after Trump comments
Phil Goff questioned Donald Trump’s grasp of history at a Chatham House event in London, prompting the foreign minister to say his position is ‘untenable’. New Zealand’s high commissioner to the ...The Guardian - 18h -
Udacity: Helping professionals develop AI skills and land high-demand jobs
Udacity is the leader in helping professionals learn practical AI skills; hear from Udacity learners and executives as they share how people who harness the power of AI will be poised to shape a ...CBS News - 11h -
Jobless Claims Rise a Little, But Do Not Yet Reflect DOGE Layoffs
Unemployment claims for the week of Feb. 15 were slightly more than expected, but don’t yet reflect the aggressive efforts of Elon Musk’s group.Inc. - Feb. 20 -
Layoff announcements soar to the highest since 2020 as DOGE slashes federal staff
U.S. employers announced 172,017 layoffs for the month, up 245% from January and the highest monthly count since July 2020CNBC - 7h -
Starbucks Slashes 1,100 Corporate Jobs as Chain Pushes Turnaround Effort
The coffee chain has shuffled senior leadership, trimmed its menu, and is doing non-barista layoffs as it seeks to return to a growth trajectory.Inc. - Feb. 24 -
Eye Opener: Federal jobs cuts continue
Thousands more federal workers find themselves without a job as President Trump and billionaire Elon Musk continue their massive cuts. Meanwhile, bus explosions in Israel threaten the Gaza ...CBS News - Feb. 21 -
Federal agencies that could be impacted by job cuts
A federal judge has paved the way, for now at least, for President Trump, Elon Musk and the DOGE team to go ahead with mass layoffs of federal employees. CBS News senior White House correspondent ...CBS News - Feb. 21 -
Starbucks to cut 1,100 jobs in latest streamlining move
Starbucks Corp. is cutting 1,100 support partner roles as well as several hundred additional open positions as it works to streamline its structure by removing layers and duplicate roles.MarketWatch - Feb. 24 -
Amorim: Job cuts result of poor performance
Ruben Amorim has admitted that the Manchester United staff who are set to lose their jobs in the latest round of cut-backs are paying the price for the team's lack of success on the pitch.ESPN - Feb. 25 -
NOAA workers protest as job cuts continue
National Oceanic and Atmospheric Administration workers are protesting in Silver Spring, Maryland, as the Trump administration moves to cut hundreds of jobs. CBS News' Rob Marciano reports.CBS News - 3d -
Major VA job cuts planned under Trump
{beacon} Welcome to The Hill's Defense & NatSec newsletter {beacon} Defense &National Security Defense &National Security The Big Story Major VA job cuts planned under Trump The Department of ...The Hill - 20h -
Stocks slump on Trump tariff fears, job cuts
The stock market sunk after the opening bell Thursday amid deepening fears about the potential damage President Trump's new tariffs could do to a weakening economy. All three major indexes kicked ...The Hill - 6h -
Trump’s rollback of AI guardrails leaves US workers ‘at real risk’, labor experts warn
Measures issued by Joe Biden were swiftly repealed, leaving employees vulnerable to downgraded jobs. Donald Trump’s rollback of basic guardrails for artificial intelligence leaves US workers “at ...The Guardian - 2d -
Fired IRS employees slam layoffs as agency makes cuts nationwide
As the IRS fired thousands of workers across the country on Thursday, many laid-off employees walked out of the headquarters in Washington, D.C., for the last time.ABC News - Feb. 21 -
National parks cutting hours, services amid federal layoffs
National parks across the U.S. face service reductions and staffing shortages due to federal budget cutsThe Hill - Feb. 26 -
Trump Says E.P.A. Layoffs Will Cut Staff by 65 Percent
The president said Lee Zeldin, the E.P.A. administrator, was planning mass layoffs. Several hours later, White House officials said the president was referring to budget cuts.The New York Times - Feb. 27 -
The Fed’s job is not to boost the stock market. Here’s what it should be doing.
Getting inflation down to 2% should be the Fed’s No. 1 concern.MarketWatch - Feb. 22 -
How to navigate the job market and negotiate your salary with confidence
Whether you're job hunting or aiming for a raise, CBS News business analyst Jill Schlesinger shares expert advice on where to start, how to negotiate, and the best strategies to set yourself up for ...CBS News - 5h
More from MarketWatch
-
I’m 69 and only have $121,000 in my 401(k). How can I repair the damage of the past?
“I plan to work and contribute to a 401(k) in addition to a stock-purchasing plan for a few more years.”MarketWatch - 14m -
Why 10-year Treasury note, dollar are getting hit by Germany’s spending plans
Germany is about to enter what its next chancellor, Friedrich Merz, calls a historic “whatever it takes” moment of significant fiscal expansion to ramp up military spending and boost its economy, ...MarketWatch - 18m -
These positive stock-market indicators could rally the S&P 500 above 6,000
The VIX is flashing a buy signal and there are increasing signs that the market is oversold — but oversold rallies can be short-lived.MarketWatch - 24m -
10-year Treasury yield ends at 1-week high amid focus on Germany’s spending boom
Yields on long-dated U.S. government debt rose for a third trading day amid continued attention on Germany’s big plans for military and infrastructure spending, which dampened the appeal of the ...MarketWatch - 25m -
‘I’m deeply disturbed’: My portfolio lost 20%. With Trump’s trade war, do I sell my stocks and buy gold?
“With the current state of domestic and global affairs, I’m at a loss as to how to keep my economic stability in check.”MarketWatch - 36m
More in Business
-
MongoDB plummets nearly 27% for worst day ever as weak outlook overshadows strong quarterly results
MongoDB shares plummeted nearly 27% after the database software maker shared weak guidance that signaled a slowdown in growth.CNBC - 12m -
I’m 69 and only have $121,000 in my 401(k). How can I repair the damage of the past?
“I plan to work and contribute to a 401(k) in addition to a stock-purchasing plan for a few more years.”MarketWatch - 14m -
Marvell plunges nearly 20% as outlook falls short of high expectations
Marvell Technology shares plummeted nearly 20% after the chipmaker's guidance fell short of some elevated buyside estimates.CNBC - 16m -
Why 10-year Treasury note, dollar are getting hit by Germany’s spending plans
Germany is about to enter what its next chancellor, Friedrich Merz, calls a historic “whatever it takes” moment of significant fiscal expansion to ramp up military spending and boost its economy, ...MarketWatch - 18m -
US stocks sink on tech sell-off and tariff worries
Wall Street extends slide sparked by fears over economic impact of Donald Trump’s on-off trade warFinancial Times - 24m