Many industries are cutting jobs in 2025 — including tech, media, finance, retail, manufacturing, and energy. A World Economic Forum survey said 41% of companies expect to cut workers in the next 5 years because of artificial intelligence.
Companies like Oracle, CNN, Dropbox, Block already cut jobs linked to AI. Amazon CEO Andy Jassy told staff in June that AI will reduce some jobs in future. At the same time, WEF said jobs in big data, fintech, and AI will double by 2030 according to the report by Business Insider.
Companies cutting jobs in 2025
Adidas (Germany) – Cutting up to 500 jobs at HQ in Herzogenaurach (9% of HQ staff). Said company became “too complex,” not a cost cut.
Ally – Digital financial services firm cutting ~500 jobs (less than 5%). Offers severance and support. Did similar cuts in 2023.
Automattic (parent of Tumblr & WordPress) – Laying off 16% of staff (about 240 people). CEO Matt Mullenweg said competition and fast tech growth forced restructuring.
BlackRock – Cutting 200 jobs (1%), but adding 2,000 new roles in 2025. Leaders Rob Kapito and Rob Goldstein said cuts realign resources.
Block (Jack Dorsey’s fintech) – Cutting ~1,000 jobs (managers reassigned, open positions closed). Dorsey called it a “smaller block” plan. Not tied to finances or AI.
Bloomberg – Cutting some editorial staff in newsroom reorg. Wants larger headcount overall later in 2025.
Blue Origin (Jeff Bezos’s space company) – Cutting 10% (~1,000 jobs) in engineering, R&D, management. CEO David Limp said focus is on rocket launches and scaling.
Boeing – Cutting 400 jobs in the moon rocket program due to Artemis mission delays/costs. Will issue 60-day notices.
BP – Cutting 7,700 jobs (4,700 staff + 3,000 contractors = 5% of workforce). Part of “simplify and focus” plan.
Bridgewater (hedge fund) – Cutting ~90 staff (7%) to stay lean. Headcount now back to 2023 levels.
Bumble – Plans to cut 30% of its staff.
Burberry – Cutting 1,700 jobs (18%) globally. Ending night shifts at a UK factory. Lost £3m last year vs £418m profit the year before.
Chevron – Cutting 15–20% (up to 9,000 jobs) by 2026. Tied to Hess acquisition. Expected savings: $2–3B.
CNN – Cutting 200 roles (6%), focusing less on TV and more on digital. CEO Mark Thompson said this will secure CNN’s future.
Coty (cosmetics) – Cutting 700 jobs to save $130m yearly. CEO Sue Nabi said it will make Coty stronger.
CrowdStrike (cybersecurity) – Cutting 500 jobs (5%) to improve efficiency. Layoff costs $36m–$53m. Still aiming for $10B revenue.
Disney – Laying off several hundred employees worldwide, mainly in marketing. Already cut 200 from ABC News earlier this year. CEO Bob Iger earlier announced 7,000 cuts.
Estée Lauder – Cutting 5,800–7,000 jobs over 2 years. Restructuring for $0.8–1B savings.
Geico – Slashed workforce from 50,000 to ~20,000 (tens of thousands gone). Revealed at Berkshire Hathaway meeting by Ajit Jain.
Grubhub – Cutting 500 jobs (20% of workforce) after sale to Wonder Group.
Hewlett Packard Enterprise (HPE) – Cutting 2,500 jobs (5%) in 12–18 months. Expected savings $350m by 2027.
Intel – Cutting 15–20% of factory workers (5,000+ jobs) in CA, OR, TX, AZ. Targeting Foundry division.
Johns Hopkins University – Cutting 2,000+ jobs after losing $800m USAID funding. Largest layoff in school’s history.
Kohl’s – Cutting 10% of corporate staff (200 jobs) and closing 27 stores. Sales fell 8.8% in late 2024. New CEO Ashley Buchanan appointed.
Kroger – Cutting ~1,000 corporate jobs after failed Albertsons merger. Store-level jobs not affected.
Microsoft – Multiple cuts: thousands in Jan (performance-based, no severance), 6,000 in May, 9,000 in July. Total ~15,000 in 2025.
Meta – Cutting 5% of workforce starting Feb. Teams in Facebook, Horizon VR, and logistics hit. Earlier cuts: 21,000 since 2022.
Microchip Technology – Cutting 2,000 jobs and closing Arizona site in May. Costs $30–40m. Stock fell 33% in the past year.
Morgan Stanley – Planning 1,600–2,400 job cuts (2–3%) by end of March. Driven by efficiency, not economy.
Nextdoor – Cutting 12% staff (67 jobs) to save $30m yearly. Net loss reduced but still struggling.
Nissan – Cutting 20,000 jobs by 2027, closing 7 factories (down from 17). Loss: ¥671B ($4.5B).
Oracle – Cutting jobs in cloud units to save costs, partly linked to AI infrastructure.
Panasonic – Cutting 10,000 jobs by 2026 (5k in Japan, 5k overseas). Reviewing efficiency.
Paramount – Cutting 3.5% of US staff (~650 jobs) amid industry decline. Awaiting Skydance merger approval.
Peloton – Cutting 6% of total workforce (174 jobs) to save $100m next year.
Porsche – Cutting 3,900 jobs by 2029 via contracts ending and attrition.
PwC US – Cutting 1,500 jobs (2%) due to low attrition rates.
Salesforce – Cutting 1,000+ jobs but hiring sales staff for AI products.
Scale AI – Cutting 14% staff (200 jobs) + 500 contractors. Restructuring generative AI group.
Sonos – Cutting 200 jobs after CEO Patrick Spence quit. The interim CEO said it will make the company simpler.
Southwest Airlines – Cutting 15% corporate staff (1,750 jobs), first big layoff in its history. Saving $210m this year. Ending open seating policy.
Starbucks – Cutting 1,100 corporate jobs (not baristas). CEO Brian Niccol said cuts will improve efficiency.
Stripe – Cutting 300 jobs in product, engineering, and operations. Still plans to grow to 10,000 staff by year end.
UPS – Cutting 20,000 jobs (4%) in 2025. Will close 73 US buildings and automate 400 facilities. Union Teamsters plan to fight layoffs.
Washington Post – Cutting 100 non-newsroom jobs (4%) to save costs. Newsroom not affected.
Wayfair – Cutting 340 tech jobs after closing Austin center. Severance costs $33–38m.
Workday – Cutting 1,750 jobs (8.5%) to focus on AI hiring. Affected staff get 12 weeks pay.
FAQs
Q1. Which big companies are laying off workers in 2025?
In 2025, companies like Microsoft, Meta, UPS, Disney, Nissan, Chevron, and Starbucks announced major layoffs across different sectors.
Q2. Why are so many companies cutting jobs in 2025?
Companies are cutting jobs in 2025 due to AI changes, cost-cutting, mergers, automation, and falling demand in some industries.