US-based employers announced 47,999 job cuts in June 2025, the lowest so far this year, compared to 93,816 in May and48,786 a year earlier. “The bulk of companies cited economic conditions last month. We saw some DOGE activity and have tracked over 2,000 jobs directly attributed to tariffs this year, but for the most part it was a quiet June,” said Andrew Challenger, Senior Vice President for Challenger, Gray & Christmas. Considering Q2, there were 247,256 job cuts, the highest Q2 total since 1,238,364 cuts announced in 2020. It is up 39% from the 177,391 cuts announced during the second quarter last year. It is down 50% from the 497,052 cuts announced in Q1.
