US layoffs are skyrocketing:
US employers announced 105,441 job cuts in April, the highest for any April in 5 years.
Excluding 2020, this was the highest count for any April since 2009.
Over the last 6 months, there have been 699,012 job cuts, the most since the 2020 pandemic.
Job cuts have been particularly high in the government sector, followed by retail and technology.
DOGE actions, market/economic conditions, and restructuring have been major drivers of layoffs.
US layoffs are at recession levels.
US layoffs are skyrocketing:
US employers announced 105,441 job cuts in April, the highest for any April in 5 years.
Excluding 2020, this was the highest count for any April since 2009.
Over the last 6 months, there have been 699,012 job cuts, the most since the 2020 pandemic.… pic.twitter.com/lvu7Tu79kQ
— The Kobeissi Letter (@KobeissiLetter) May 8, 2025