U.S. Layoffs Surged by 60% in March

In March 2025, U.S. layoffs surged by 60% compared to February, marking the highest monthly total since January 2023. Federal job cuts led the trend, with over 216,000 positions slashed by the Department of Government Efficiency (DOGE). Other industries hit hard include:

·       Technology - 15,055 job cuts in March

·       Retail - 11,709 job cuts in March

·       Consumer Products - 14,619 in 2025

·       Automotive - 7,146 in 2025

Despite the spike in layoffs, the job market remains surprisingly stable overall, with unemployment projected to hold steady at 4.1% and 140,000 new jobs potentially added last month.

For employers reducing headcount, don’t overlook IT asset retrieval. Recovering laptops, phones, and other equipment from offboarded employees protects sensitive data and helps control costs. A streamlined process ensures your business stays secure during transitions.