U.S. companies have initiated layoffs across sectors as they attempt to streamline operations amid economic uncertainties, following similar cutbacks seen last year.
The Labor Department's Job Openings and Labor Turnover Survey, or JOLTS report, from early February showed vacancies were down 1.3 million over the year at the end of December, while remaining above the 2019 average, suggesting that the labor market was slowing down but not abruptly.
Here are some of the companies that have announced job cuts so far in 2025:
Consumer & Retail
Starbucks - 1,100
Brown-Forman - 648
Kohl's - 9,600
Estee Lauder - 7,000
Amazon - 1,700 full-time
Wayfair - 730 (in Germany)
Aviation & Space
Southwest Airlines - 1,750
Blue Origin - 1,400
Energy & Natural Resources
Chevron - 8,000
Halliburton - 290
Lyondell Basell - 400
SolarEdge Technologies - 400
Archer-Daniels-Midland - 700
Dow - 1,500
Technology & Media
Meta Platforms - 5% of "lowest performers"
Microchip Technology - 2,000
Banking & Finance
Morgan Stanley - 2,000
© 2026 Thomson/Reuters. All rights reserved.