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I
f you want to build a booming china shop, you don’t unleash a bull. And if you want to build a booming labor market, you don’t lay off thousands of federal w
orkers.Employer layoffs surged to 275,240 in March, according to new data from job placement firm Challenger, Gray & Christmas. That’s a 60% increase from last month, when 172,017 cuts were made, and a 205% jump from March 2024, the month with the most layoffs
last year.Last month’s layoffs marked the third-highest monthly total ever recorded by the firm, following April and May 2020, when 671,129 and 397,016 cuts were