Summer Lull In June 2025 As Companies Announce Virtually The Same Number Of Cuts As Last Year; Highest Q2, YTD Cuts ...

Source: Challenger, Gray & Christmas

Summer Lull In June 2025 As Companies Announce Virtually The Same Number Of Cuts As Last Year; Highest Q2, YTD Cuts Since 2020

Published July 2, 2025
U.S.-based employers announced 47,999 job cuts in June, down 49% from May’s 93,816. It is down 2% from 48,786 announced in the same month last year, according to a report released Wednesday from global outplacement and business and executive coaching firm Challenger, Gray & Christmas.

The second quarter saw 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.



“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 and labor expert for Challenger, Gray & Christmas.

So far this year, companies have announced 744,308 job cuts, the highest YTD since 2020 when 1,585,047 were announced. Outside of 2020, it is the highest YTD since 896,675 cuts were announced in the first six months of 2009.

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Read more: https://www.challengergray.com/blog/june-2025-companies-announce-virtually-the-same-number-of-cuts-as-last-year-highest-q2-ytd-cuts-since-2020/