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Belle of the Ranch

Let's talk about a million laid off during Trump’s golden age....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 5 December 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

Let's talk about a million laid off during Trump’s golden age....

Transcript

Click on a timestamp to play from that location

0:00.0

Well, howdy there, Internet people, it spell again.

0:05.0

So today, we're going to talk about a million laid off during Trump's Golden Age.

0:13.0

According to Challenger Gray and Christmas, so far in 2025, there have been 1.17 million job cuts through November, which is 54% higher

0:25.0

than the same 11-month period a year ago. Cuts totaling above 1.1 million is pretty rare,

0:32.4

happening just six times since 1993. We haven't seen cuts over a million since, well, the last time Trump was in office.

0:42.3

To be fair, in this case, the last time we got above a million, it wasn't completely Trump's fault.

0:49.3

It was in large part due to the pandemic, but not totally. However, this time it's absolutely Trump's

0:57.2

fault. Many of the cuts were part of his ill-advised doge mess. In fact, according to the report,

1:05.0

what they're calling the Doge Impact, quote, remains the leading reason for job cut announcements in 2025. It might seem unfair to

1:16.5

place the blame for the layoffs on Trump like that. But I want to point a little something out

1:22.5

about the historical trends when it comes to a million or more layoffs in a year.

1:29.0

It doesn't happen often.

1:31.2

It happened a couple of times in the early 2000s.

1:34.8

It happened around 2009.

1:37.6

It happened in 2020.

1:40.1

So, those are all easily attributable to the dot-com bust, the 2008 financial crisis, and COVID.

1:48.6

This year's?

1:50.0

What major disruption happened?

1:52.2

Did the stock market correct?

1:54.4

Nope.

1:55.4

Not in a way that stuck anyway.

1:58.0

Was there a massive collapse of the financial and housing markets? Nope. Not yet

...

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