4.8 • 965 Ratings
🗓️ 5 December 2025
⏱️ 4 minutes
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Let's talk about a million laid off during Trump’s golden age....
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| 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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