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Trump's Cuts Spark Wave of Layoffs: Contractors and Small Businesses Hit Hard

The Washington Post

The Trump administration's sweeping budget cuts and funding freezes are taking a toll on private-sector employers and nonprofits, triggering a surge in job losses. Economists warn that these cuts will have far-reaching consequences, affecting not only contractors and small businesses but also the overall economy. As the layoffs continue to mount, concerns grow about the impact on local communities and the potential for long-term economic damage. Key sectors, including healthcare and education, are likely to be severely impacted by the funding reductions, leading to widespread job insecurity and economic uncertainty.