DOGE-Related Plans to Cut Jobs Top 280,000 in Challenger Report
Bloomberg1 day
Report: DOGE Cuts Lead to Near-Record US Layoffs
Above: Elon Musk holds a chainsaw as he speaks at the annual Conservative Political Action Conference (CPAC) in Oxon Hill, on Feb. 20, 2025. Image copyright: Saul Loeb/AFP via Getty Images
The Spin
Democratic narrative
With the help of Elon Musk and his so-called Department of Government Efficiency, the Trump administration has further pushed the country to the brink of a painful economic downturn. As if new tariffs and mass deportations were not enough trouble, hundreds of thousands of skilled workers have been put out of work.
Republican narrative
Federal government workers may find a sudden shift to the private sector or other government roles daunting, but these job cuts will prove to be the best thing for the country in the long run. It's no coincidence that previous federal government layoffs resulted in the creation of millions of jobs. America is finally back on track to be great again.