2025 Layoffs up 47% YoY so far Nearly 700,000 jobs cut already Retail cuts up 274% Nonprofit layoffs up 504% Government workforce cuts Tech: ~75,000 cut YTD, +35% YoY “Just six months into 2025, employers have already announced almost 700,000 job cuts. That’s a whopping 80% increase from the same period last year and just 65,000 short of all layoffs tracked in total in 2024.” *per CGC June 2025 data