Doge responsible for 48% of all job cuts

(CNN)– The government is responsible for the largest chunk of all job cuts so far this year.

Year-to-date, U.S. layoffs of almost 602,500 have been announced.

Of those, almost 281,500 were in the federal government.

According to a Challenger, Gray, and Christmas report released Thursday, May 1, U.S. based employers announced plans to cut more than 105,000 jobs in April.

Market and economic conditions led as reasons for the layoffs.