February 2023 experienced a significant plunge in employee sentiment across various sectors in the US. Glassdoor's Employee Confidence Index indicated that only 44.4% of workers felt positive about their company's outlook for the next six months—marking the lowest level since the index's inception in 2016. Government and public administration workers faced the most severe downturn due to substantial layoffs from Elon Musk's Department of Government Efficiency, significantly lowering their confidence. Similarly, retail employees showed similar pessimism, indicating a widespread worry among American workers about job security and economic conditions.
"Cuts to the government workforce initiated by DOGE have thrown the future of the federal workforce into disarray, resulting in weakening sentiment; only 38.1% of government workers had a positive [six-month] outlook."
The share of employees reporting a positive six-month business outlook fell to 44.4%, its lowest point since Glassdoor began publishing the index in 2016, reflecting widespread pessimism.
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