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US Employers Announce Most Job Cuts Since 2020 Amid DOGE Layoffs | Bloomberg Intelligence
Posted
March 6, 2025
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March 6, 2025
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18:28Now PlayingWatch Alix and Paul LIVE every day on YouTube
Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel
Today's Podcast Features:
Mark Niquette, Bloomberg Real Economy Reporter, discusses US employers in February announcing plans to reduce headcount at the fastest pace since early in the pandemic, led by cuts in the government sector.
Job-cut announcements totaled 172,017 in February, a 103% increase from last year and the most since July 2020, according to data released Thursday from outplacement firm Challenger, Gray & Christmas.
Sylvia Jablonski, CEO and CIO of Defiance ETFs, discusses her outlook for the markets. Sylvia discusses how growth seems to be more of a concern than inflation. Sylvia discusses the market hoping for favorable “market,” policy, but talks about how restrictive tariffs are being read as both uncertain and a headwind.
Joanne Feeney, Partner & Portfolio Manager at Advisors Capital Management, discusses the markets and tariffs. She talks about how concerns regarding the robustness of economic growth are starting to gain traction as survey data show a slowing. She also talks about how tariffs not only raise prices for consumers (e.g., food), but also for those producers who buy imported parts (e.g., factory automation lines, PCs.)
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Paul Sweeney and the Bloomberg News team cover the day's market action, with analysis from Bloomberg Intelligence analysts, Bloomberg Opinion writers and influential newsmakers.
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