FX.co ★ US April Layoffs Highest for the Month Since 2020

U.S.-based companies announced 105,441 job cuts in April, representing a significant decrease of 62% from the 275,240 layoffs reported in March. However, this figure remains 63% higher than in April 2024, marking the highest number of April job cuts since the record 671,129 layoffs in April 2020. Up to this point in 2025, there have been 602,493 announced job cuts, the highest for this period since 2020, predominantly driven by DOGE-related cost-cutting measures in the government sector, alongside reductions in the tech and retail industries. Andrew Challenger, Senior Vice President at Challenger, Gray & Christmas, commented, "Although government cuts are currently the main focus, reductions were noted across several sectors last month. Companies are attributing these decisions to economic uncertainty and the integration of new technologies. Many are adopting a cautious approach, pausing hiring and curtailing plans as they evaluate developments in trade, supply chains, and consumer spending."