The primary driver? The federal government. The government revealed plans to cut 216,215 positions, accounting for nearly 80% of all layoff announcements in March.

Layoff announcements surged to their third-highest level on record in March, driven largely by Elon Musk (DOGE). U.S. employers announced over 275,000 job cuts last month—a figure not seen since the height of the pandemic.

Nearly $7 million has been “apportioned” over the past week to cover DOGE-related expenses.

Congress? Hello—federal workers here. We are struggling to fight all of this on our own.

Looking forward to working with the @issotl.bsky.social TLI team and TLI authors! issotl.com/2025/01/06/m...