According to a report from Challenger, Gray & Christmas Inc., the number of announced layoffs in March increased 60% month over month. Federal layoffs made up almost 80% of these cuts.
Andy Challenger, senior vice president of Challenger, Gray & Christmas, Inc., joins Wealth to discuss how the Department of Government Efficiency (DOGE) is impacting the labor market.
To watch more expert insights and analysis on the latest market action, check out more Wealth here: https://finance.yahoo.com/videos/series/wealth/
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