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Layoffs reach highest level since 2020, new data shows. Here's why companies are cutting jobs.

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Summary
Nutrition label

75% Informative

In the first half of 2025 , companies announced 744,308 job cuts nationwide.

Federal agencies have been particularly hard hit this year amid a push by Elon Musk's Department of Government Efficiency .

Retailers have eliminated nearly 80,000 jobs this year , up 255% from first half 2024 .

Economists warn that growth could cool in coming months as the effects of tariffs take hold.

VR Score

86

Informative language

92

Neutral language

45

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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