00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. employers announced plans in February to reduce headcount at the fastest pace since
00:06the pandemic's early days. The cuts are primarily in the government sector under the Trump
00:11administration's effort to shrink the federal workforce. The federal government accounted
00:15for over 62,000 job cuts, but the retail and technology sector is also planning layoffs.
00:21The Department of Government Efficiency's efforts to reduce federal headcount has led
00:26to job losses for thousands of government employees and contractors.
00:30Dojo's actions have raised concerns that unemployment could rise in 2025.
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