Layoff announcements have surged to the highest levels since the pandemic, primarily influenced by DOGE-related plans. The Challenger Report reveals that job cuts in March reached 275,240, with 216,670 directly associated with DOGE actions. This represents a remarkable 60% increase in job cuts compared to previous periods, marking the highest number of layoffs since 2009. Despite the alarming figures, analysts from Bank of America suggest that the impact of DOGE layoffs may not significantly affect the overall labor market.