Layoffs reached their highest level in nearly five years in February, a more than 200% increase from January.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Layoffs reached their highest level in nearly five years in February,
00:05a more than 200% increase from January.
00:08This marks the highest monthly total since July 2020 and the most significant
00:11February reduction since 2009.
00:14Over one-third of the total layoffs were due to Elon Musk's efforts,
00:17supported by Trump, to reduce the federal workforce.
00:20Factors like the Department of Government Efficiencies actions,
00:22canceled contracts, and fear of trade wars contributed to this spike.
00:26For all things money, visit Benzinga.com slash GSTV.