ORLANDO, Fla. — Editor’s note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal.
The Trump administration’s efforts to cut thousands of federal workers and a roller coaster of tariff policy changes are beginning to have ripple effects on the national job market.
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American employers announced 172,017 job cuts in February — the highest total for any February since 2009, when the Great Recession was in full swing. The cuts represent a 245% increase from the 49,795 cuts announced in January and more than double the 84,638 cuts in February 2024, according to data from global outplacement and executive-coaching firm Challenger, Gray & Christmas.
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That brings job cuts so far this year to 221,812, the highest year-to-date total since 2009 and up 33% from the same point in time in 2024.
Click here to read the full story on the Orlando Business Journal’s website.
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