US Markets News

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Massive Layoffs Rock the U.S.: DOGE Cuts Surge 41,300%, Crashing Washington D.C.’s Housing Market

2025-03-06 Niranjan Ghatule

In a shocking turn of events, the U.S. job market has been hit with a wave of layoffs, reaching levels not seen since 2009. February 2025 alone saw 172,017 job cuts—a staggering 103% increase year-over-year and a 245% jump from January. A major driver behind this surge is the Department of Government Efficiency (DOGE), which has slashed over 62,530 jobs this year

Massive Layoffs Rock the U.S.: DOGE Cuts Surge 41,300%, Crashing Washington D.C.’s Housing Market

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