We’re almost there, guys! Once we hit Great Depression numbers of layoffs, wages, and satisfaction we will be great again!
SPXQuantAlgo on
“In July, there were 62,075 job cuts announced, according to a report by outplacement firm Challenger, Gray & Christmas. That’s a 29 percent jump from June and 140 percent higher than the 25,885 announced in July 2024.
The July figure is well above the post-pandemic average for the month (23,584 between 2021 and 2024) and slightly higher than the past decade’s July average of 60,398. It pushes the 2025 total to 806,383 layoffs—a 75 percent increase compared with the same period last year and already 6 percent higher than all of 2024. It’s the highest January-to-July figure since 2020, when pandemic shutdowns drove layoffs above 1.8 million.
The surge in layoffs in 2025 is due to a mix of government downsizing, corporate restructuring and the growing effects of artificial intelligence. Public agencies, tech firms and retailers are leading the cuts.”
Rude-Strawberry-6360 on
This is Trump and the GOP.
jdtrouble on
Are we Great Again yet?
MadScientist3087 on
CEOs understood the assignment. Gotta get those rate cuts.
TintedApostle on
Next month Trump’s numbers people will offer that inflation is .5% and employment is up by 450000 being a new record.
Markets will crash. No one will buy US bonds. US Dollar will fall. Trump will smile and be given a new presidential yacht from Saudi Arabia.
E1M1_DOOM on
Don’t worry so much. The new labor statistics guy will cook the numbers and we’ll soon have 0% unemployment. The American jobs market will be a most excellent paper tiger.
DoubtSubstantial5440 on
We’re just getting started, the government layoffs are only just beginning and expect a lot more private sector layoffs in the near future courtesy of the rapist and pedo in the White House
taz_78 on
Don’t worry, they’ll just change the numbers. Problem solved.
Umgar on
I am not sure what the root of the problem is because it predates the Trump administration but the official major statistics on economic health (employment, inflation, wages, etc) do not jive with reality. Anyone who works full time, buys groceries, or has to get back-to-school supplies for their kids recognizes that things are NOT ok.
So when Trump fires the lead official on economic data because the numbers were „bad“ it’s doubly concerning; if anything the numbers reported were painting a much rosier picture.
I am not an expert but it really feels like the economic situation in the US is a house of cards right now. The trajectory of what things cost, wages, unemployment, and how much debt people are taking on – it just doesn’t add up. Add to this the rapid advancement of AI & automation and it feels like the front tires have already left the cliff.
Turbulent_Length5899 on
We are winning so hard right now
SeaTownKraken on
I know 2 of those are from Astronomer
BecauseScience on
These tariffs really seem to be doing wonders for our economy!
Yodorker on
The only time I would use great and trump together is trump is creating a Great Depression. These are layoffs are in direct correlation to his awful tariff policy.
Father_of_Invention on
Trump did this
antilittlepink on
This is because MAGA prefer a leader who takes putins cock up his ass when he has no children to rape
starsky1984 on
Only until they get a new person to count the numbers and reannounce!
masturbathon on
I’m calling BS on the „AI“ claim. Who has had their job replaced by AI?
I could believe that computer science has been hit by AI, but they’re claiming in the article that it’s the „dull, dirty“ jobs being replaced. Yet, AI isn’t even currently capable of replacing a person. AI „agents“ fail horribly at most jobs.
I think that companies are gearing up for a recession. They’re being hit hard by import taxes, online competition, and consumers who don’t want to spend. AI is just a convenient excuse, and it drives the hype train that’s propping up the stock market right now.
S0M3D1CK on
Layoffs is a last resort for businesses when it comes to employee reduction. I would hate to think of how many jobs are eliminated with zero tolerance policies. My job lost 40 people, or 25% of personnel, since the start of the new year.
SoPaw19 on
Just wait till Sept 30th when all the DRP federal employees hit the market.
NoobChumpsky on
And the only disaster is our miserable government
NeverLookBothWays on
What? The FOXNews radio station just said the jobs report was better than it has ever been! /s
Fantastic_Shaman9230 on
Just wait until you are laid off and then get sent to a work camp
NHBikerHiker on
Trump: nope, not true at all.
heartlessgamer on
Don’t worry Trump will make sure the numbers get reported better next time.
judgejuddhirsch on
Highest layoffs so far
At least like the last recession young folks can take shelter in higher education until it blows over and become our next generation of scientists and engineers.
Oh wait…
SnooMemesjellies6886 on
Is America great again?
thekillercook on
Are we winning yet?
True_Dog_4098 on
Somebody is about to get fired.
Za_Lords_Guard on
I take it the actual labor market didn’t agree with Trump’s revisions?
United_Anteater4287 on
This is just the beginning, the Fall is going to be brutal once these tariffs have time to take their toll on the holiday season.
twoton1 on
Who’s the orange tangerine man gonna fire now? I just love how the MSM has sane-washed this lunatic since 2015.
Catspaw129 on
Is 47 now going to make remarks about how Newsweek is woke, liberal, full of loser’s magazine who nobody reads anymore and demand that the authors of the article be fired and when, not fired, he sues Newsweek?
rvickner1 on
„Golden Age“
pie4july on
We are so back.
Separate_Today_8781 on
Are we great again yet
JoostvanderLeij on
Not true. New BLS boss will show you soon that more people than ever get jobs.
mykoconnor on
At my job, a mid sized regional brewery, we’ve laid off 3 people in the past few weeks, and yesterday we’ve all been told we need to cut hours. The writing is on the wall. I’ve been in the industry for almost 15 years in various roles. Been trying to find a job elsewhere and not having much luck. It’s a war zone out there.
Hi_Im_Dadbot on
Why is Biden doing this to us?
Gaius_Octavius_ on
You since the last time Trump was President?
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We’re almost there, guys! Once we hit Great Depression numbers of layoffs, wages, and satisfaction we will be great again!
“In July, there were 62,075 job cuts announced, according to a report by outplacement firm Challenger, Gray & Christmas. That’s a 29 percent jump from June and 140 percent higher than the 25,885 announced in July 2024.
The July figure is well above the post-pandemic average for the month (23,584 between 2021 and 2024) and slightly higher than the past decade’s July average of 60,398. It pushes the 2025 total to 806,383 layoffs—a 75 percent increase compared with the same period last year and already 6 percent higher than all of 2024. It’s the highest January-to-July figure since 2020, when pandemic shutdowns drove layoffs above 1.8 million.
The surge in layoffs in 2025 is due to a mix of government downsizing, corporate restructuring and the growing effects of artificial intelligence. Public agencies, tech firms and retailers are leading the cuts.”
This is Trump and the GOP.
Are we Great Again yet?
CEOs understood the assignment. Gotta get those rate cuts.
Next month Trump’s numbers people will offer that inflation is .5% and employment is up by 450000 being a new record.
Markets will crash. No one will buy US bonds. US Dollar will fall. Trump will smile and be given a new presidential yacht from Saudi Arabia.
Don’t worry so much. The new labor statistics guy will cook the numbers and we’ll soon have 0% unemployment. The American jobs market will be a most excellent paper tiger.
We’re just getting started, the government layoffs are only just beginning and expect a lot more private sector layoffs in the near future courtesy of the rapist and pedo in the White House
Don’t worry, they’ll just change the numbers. Problem solved.
I am not sure what the root of the problem is because it predates the Trump administration but the official major statistics on economic health (employment, inflation, wages, etc) do not jive with reality. Anyone who works full time, buys groceries, or has to get back-to-school supplies for their kids recognizes that things are NOT ok.
So when Trump fires the lead official on economic data because the numbers were „bad“ it’s doubly concerning; if anything the numbers reported were painting a much rosier picture.
I am not an expert but it really feels like the economic situation in the US is a house of cards right now. The trajectory of what things cost, wages, unemployment, and how much debt people are taking on – it just doesn’t add up. Add to this the rapid advancement of AI & automation and it feels like the front tires have already left the cliff.
We are winning so hard right now
I know 2 of those are from Astronomer
These tariffs really seem to be doing wonders for our economy!
The only time I would use great and trump together is trump is creating a Great Depression. These are layoffs are in direct correlation to his awful tariff policy.
Trump did this
This is because MAGA prefer a leader who takes putins cock up his ass when he has no children to rape
Only until they get a new person to count the numbers and reannounce!
I’m calling BS on the „AI“ claim. Who has had their job replaced by AI?
I could believe that computer science has been hit by AI, but they’re claiming in the article that it’s the „dull, dirty“ jobs being replaced. Yet, AI isn’t even currently capable of replacing a person. AI „agents“ fail horribly at most jobs.
I think that companies are gearing up for a recession. They’re being hit hard by import taxes, online competition, and consumers who don’t want to spend. AI is just a convenient excuse, and it drives the hype train that’s propping up the stock market right now.
Layoffs is a last resort for businesses when it comes to employee reduction. I would hate to think of how many jobs are eliminated with zero tolerance policies. My job lost 40 people, or 25% of personnel, since the start of the new year.
Just wait till Sept 30th when all the DRP federal employees hit the market.
And the only disaster is our miserable government
What? The FOXNews radio station just said the jobs report was better than it has ever been! /s
Just wait until you are laid off and then get sent to a work camp
Trump: nope, not true at all.
Don’t worry Trump will make sure the numbers get reported better next time.
Highest layoffs so far
At least like the last recession young folks can take shelter in higher education until it blows over and become our next generation of scientists and engineers.
Oh wait…
Is America great again?
Are we winning yet?
Somebody is about to get fired.
I take it the actual labor market didn’t agree with Trump’s revisions?
This is just the beginning, the Fall is going to be brutal once these tariffs have time to take their toll on the holiday season.
Who’s the orange tangerine man gonna fire now? I just love how the MSM has sane-washed this lunatic since 2015.
Is 47 now going to make remarks about how Newsweek is woke, liberal, full of loser’s magazine who nobody reads anymore and demand that the authors of the article be fired and when, not fired, he sues Newsweek?
„Golden Age“
We are so back.
Are we great again yet
Not true. New BLS boss will show you soon that more people than ever get jobs.
At my job, a mid sized regional brewery, we’ve laid off 3 people in the past few weeks, and yesterday we’ve all been told we need to cut hours. The writing is on the wall. I’ve been in the industry for almost 15 years in various roles. Been trying to find a job elsewhere and not having much luck. It’s a war zone out there.
Why is Biden doing this to us?
You since the last time Trump was President?