Feeling the economic shockwaves of government layoffs
Marketplace Morning Report
Marketplace
4.5 • 927 Ratings
🗓️ 28 February 2025
⏱️ 7 minutes
🧾️ Download transcript
Summary
Current and former U.S. Agency for International Development workers are being allowed into USAID headquarters in Washington, D.C. for a second day today to pack up their belongings. But federal government layoffs are being felt across the country. Today, we’ll hear from a USAID contractor in Oklahoma about what’s happening there. Plus, we’ll look at why tech firms are spending so much on quantum computing and unpack the impacts of a 24-hour “economic blackout.”
Transcript
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| 0:00.0 | The slow economic shockwaves of government layoffs. |
| 0:06.1 | From Marketplace, I'm Sabri Beneshore in for David Brancaccio. |
| 0:09.7 | Current and former workers at the U.S. Agency for International Development are being allowed |
| 0:14.2 | into U.S. AID headquarters in Washington, D.C. today for a second day for 15 minutes |
| 0:19.8 | to pack up their belongings. But the federal government's |
| 0:22.4 | layoffs are being felt across the country, not just in D.C. Marketplaces Nancy Marshall Genser talked to a USAID |
| 0:28.2 | contractor in Oklahoma about what's happening there. 47-year-old Patricia Gross has worked as an |
| 0:34.8 | independent government contractor, a gig worker, since 2018. |
| 0:39.4 | She, her husband, and three young sons live just outside of Tulsa, Oklahoma. |
| 0:44.0 | Nonprofits hired her to write applications for federal grants, mostly from USAID and the |
| 0:49.5 | Agriculture Department. Now the nonprofits are out of work, and so is gross. So the family is dependent on her |
| 0:55.9 | husband's salary. I think like right now we're okay, but I mean it's concerning last year. I did |
| 1:02.8 | really well and we bought a house last summer based on my income, you know, increasing our family |
| 1:08.4 | income. Gross says she made about $75,000 last year. |
| 1:12.7 | She has a side gig helping people write their resumes. |
| 1:15.6 | She only made about $1,000 doing that in 2024. |
| 1:19.2 | Now, former resume clients are back. |
| 1:21.7 | There are federal workers or contractors who are also out of work. |
| 1:25.5 | Gross says her heart breaks for them, but there's no time to waste. |
| 1:29.3 | The advice I've been giving my clients is that people are mourning now, and if you wait a month, |
| 1:36.5 | everybody is going to start really looking for a job, and there's not that many jobs out there. |
| 1:41.1 | Gross herself applied for a few jobs last weekend on LinkedIn, but she got messages |
... |
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