In 2025, global job cuts have surged, with the technology sector alone recording over 90,471 layoffs since January. US-based companies account for 72.5% of these, letting go of 65,545 employees. Major firms like Microsoft have announced significant reductions, with 6,300 jobs cut this year as part of broader restructuring efforts to adapt to rapid changes in the industry
Here are the prominent companies that are planning or laid off employees to optimise costs
1. Procter & Gamble
Procter & Gamble (P&G) is a global consumer goods giant headquartered in the U.S., known for its trusted brands across health, hygiene, and home care segments. With operations in over 180 countries, P&G’s portfolio includes Tide, Pampers, Gillette, and Oral-B, reflecting strong innovation, brand leadership, and global scale.
Procter & Gamble plans to cut 7,000 jobs around 15% of its global non-manufacturing staff, over two years. The move follows a decline in quarterly sales and a lowered fiscal-year forecast, driven by consumer uncertainty and global volatility. P&G aims to offset tariff impacts through cost cuts, reformulations, and selective price hikes.
P&G is implementing staff cuts as part of an organizational restructuring aimed at improving workflow through broader roles and leaner teams. The company emphasized that the layoffs are not driven by cost-cutting motives but are intended to enhance overall efficiency and operational effectiveness.
2. Paytm (One97 Communications Ltd)
One 97 Communications (Paytm) Limited is one of India’s leading payment solutions providers In India, with a digital ecosystem offering consumers and merchants a wide range of services including comprehensive payment solutions, payment facilitator services, and facilitation of consumer and merchant lending, wealth management, insurance broking services, and more.
In May, Paytm announced plans to reduce its workforce by 5,000 to 6,300 employees in FY25-26, aiming to cut employee costs by Rs 400–500 crore. This follows a 13% year-on-year rise in employee expenses to Rs 1,104.4 crore in Q4 of FY24-25.
In December 2023, Paytm initially laid off around 1,000 employees. However, its FY24 earnings report revealed a larger workforce reduction, with over 3,500 sales employees let go between December 2023 and March 2024, indicating a significant restructuring effort during the final quarter of the fiscal year.
3. Tata Consultancy Services
Tata Consultancy Services Limited (TCS) is engaged in providing information technology (IT) services, consulting, and business solutions. It operates through Banking; Capital Markets; Consumer Goods and Distribution; Communications, Media, and Information Services; Education; Energy, Resources, and Utilities, etc
Tata Consultancy Services (TCS) reported a net reduction of 5,370 employees in the October–December 2024 quarter, as per its Q3 earnings released on January 9. This brought the company’s total headcount down to 607,354 from 612,724 in the previous quarter.
The decline follows two consecutive quarters of workforce additions. TCS’s move is seen as a strategic step to streamline operations and save costs amid evolving business demands. The job cuts reflect a broader effort to improve efficiency and manage expenses more effectively in a challenging macroeconomic environment.
At last, Global tech leaders like Microsoft and Dell also have planned major layoffs of ~6,000 and 12,000 jobs, respectively in 2025 as part of restructuring and streamlining efforts. These actions reflect a cautious outlook and focus on operational efficiency, indicating broader industry trends of workforce optimization amid shifting business priorities and market conditions.
Source – https://tradebrains.in/companies-that-have-planned-or-laid-off-employees-in-2025-to-optimise-costs/