(Reuters) -U.S. companies across sectors are intensifying job cuts, extending a trend of workforce reductions from 2024, as they prioritize cost-savings and streamline operations amid a challenging economic environment.
Joining the list, PC-maker HP Inc said on Tuesday it plans to cut 4,000 to 6,000 jobs globally by fiscal year 2028 as it adopts artificial intelligence.
Here are some of the companies that have announced job cuts so far in 2025:
Sect Date of Company Layoffs/J % of Total
or Announcem ob Cuts Workforce
ent
Resources
November Eastman About 980
Chemical jobs, About 7%
according
to
Reuters'
calculati
on
November Newmont Rejig 16%
impacts
16% of
workforce
including
cuts to
jobs,
vacancies
and
changes
made to
job roles
Manufacturing
October General About 2%
Motors 3,300
(1,750
job cuts,
1,550
temporary
layoffs)
Logistics
October United Unknown
Parcel 48,000
Service
Consumer and Retail
October Amazon Unknown
Around
January 14,000
corporate
jobs
globally,
and
1,700
full-time
in
Canadian
province
of
Quebec
January 9,600 10%
Kohl's
June 7,000 About 6%
Procter &
Gamble
February 7,000 11.29%
Estee
Lauder
About
Tyson 3,200 About 3.7%
November Foods employees globally,
in according to
Nebraska Reuters'
and about calculations
1,700 in
Texas
September 2,000 Unknown
Starbucks
October Target 1,800 About 8%
May 1,500 Unknown
Walmart
January 730 in Unknown
Wayfair Germany
January 648 12%
Brown-Forma
n
November Hormel 1.25%
Foods About
250
corporate
and sales
jobs
Aviation and Space
February 1,750 15% of
Southwest corporate
Airlines roles
February 1,400 10%
Blue Origin
November Spirit Unknown
Airlines About
150
salaried
roles
Energy and Natural Resources
February 8,000 20%
Chevron
September 2,000 About 3% to
Exxon 4%
January 1,500 4.17%
Dow
February Up to 1.70%
Archer-Dani 700
els-Midland
February 290 Unknown
Halliburton
February 400 Unknown
LyondellBas
ell
January 400 Unknown
SolarEdge
Technologie
s
March 300 Unknown
APA
October * Unknown Unknown
ConocoPhill
ips
Technology and Media
Verizon About About 14%
November 13,000
jobs
HP Inc Between About 6% to
November 4,000 and 10%,
6,000 according to
jobs Reuters'
calculations
globally
by fiscal
2028
November Synopsys About 10%
About
2,000
jobs
March 2,000 9%
Microchip
Technology
November IBM Unknown
Thousands
of
employees
October ** Unknown
Paramount Around
Skydance 1,000
BCE About Unknown
November 690
positions
October Meta Unknown
Platforms Around
600 roles
in the AI
unit
January
5% of
"lowest
performer
s"
October Rivian 4.5%
Automotive More
than 600
employees
May 500 5%
CrowdStrike
October Chegg 45%
388
May 22%
248
April Unknown 20%
Intel
May Unknown 13%
Match Group
Healthcare and Pharma
February *** Unknown Unknown
UnitedHealt
h
February Unknown 5%
Bio Rad
Banking and Finance
March **** Morgan About 2% to 3%
Stanley 2,000
* ConocoPhillips is laying off employees at its Canadian operations, according to three sources and a company memo reviewed by Reuters.
** Paramount Skydance will begin a major round of layoffs with about 1,000 job cuts, a source familiar with the matter told Reuters.
*** UnitedHealth was offering employees in its benefits operations unit the option to accept buyouts in February and may pursue layoffs if the resignation quota is not met, according to a CNBC report.
**** Morgan Stanley layoffs are aimed at improving operational efficiency and unrelated to current market conditions, a person familiar with the matter told Reuters.
(Reporting by Seher Dareen and Savyata Mishra in Bengaluru; Additional reporting by Manya Saini, Anuja Bharat Mistry, Neil J Kanatt, Jaspreet Singh and Anhata Rooprai; Editing by Sriraj Kalluvila, Arun Koyyur and Sahal Muhammed)
