BREAKING: US job cut announcements spiked 205% year-over-year, to 275,240 in March, the 3rd-highest monthly reading on record. This is also up 60% from the previous month when 172,017 cuts were announced. Moreover, this is higher than in any month during the 2008 Financial Crisis and the 2001 recession. Year-to-date, US employers have announced 497,052 job cuts, the highest quarterly total since Q1 2009. The US government has led all sectors with 216,215 cuts in March and 279,445 cuts year-to-date, up 672% from Q1 2024. The DOGE effect is real.