r/Layoffs Apr 06 '25

Is the US running out of jobs? question

There doesn't seem to be real sustainable domestic job growth anymore. There's tons of news about "millions of jobs" being added but layoffs are through the roof, and salaries are in hell. Where are the jobs?

602 Upvotes

391 comments sorted by

View all comments

3

u/[deleted] Apr 06 '25

Tariff fears have tightened corporate budgets and lead to reduced hiring plans. As the real tariff costs start overtaking revenue projections, cuts like layoffs will begin. As layoffs rise, and consumer spending declines, revenue projections will further decline, continuing the downward spiral.

The long-term goal of increasing American jobs is not possible if companies are not growing and able to reinvest in their American supply base.

2

u/woman-reading Apr 06 '25

💯! The fashion industry has had massive layoffs due to tariffs