One-third of Argentine companies consider job cuts

Buenos Aires, Aug 28 (Prensa Latina) One-third of companies in Argentina predict job cuts for the remainder of the year, a forecast that adds further concern to an already economically burdened population, according to a survey by the consulting firm Bumeran.

August 28, 2025
09:03

Of these companies, 50% have already cut staff during the first half of 2025, the firm added.

Cited by the newspaper Ambito Financiero, the consulting firm notes that the labor market continues to pose a challenge for the Argentine economy, not only due to the decline in purchasing power but also due to the rise in unemployment, the highest for a first quarter since 2021, following the end of the pandemic, compounded by the lack of quality job creation.

The indicators for the rest of the year are not promising: private analysts have reconsidered their projections for economic growth in 2025 and place it below 5%.

Economic analysis firms LCG and Equilibra forecast an increase of around 4,5%; Econviews projects 4,2%, while EcoGo further reduces the indicator, estimating it below 4%.

Ambito Financiero describes the slowdown in economic growth as occurring amid stagnant wages, as well as high volatility in interest rates and rising delinquency rates, which would translate into a defensive position that would limit lending to the private sector.

In this context, 41,8% of working force in Argentina is informal, burdened by rising unemployment and the loss of purchasing power, according to the latest official data from the National Institute of Statistics and Census of the State.

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