Tags: layoffs | cost | cutting

US Companies Announce Layoffs to Cut Costs

US Companies Announce Layoffs to Cut Costs
(Dreamstime)

Wednesday, 19 March 2025 06:24 AM EDT

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.


StreetTalk
U.S. companies have initiated layoffs across sectors as they attempt to streamline operations amid economic uncertainties, following similar cutbacks seen last year.
layoffs, cost, cutting
164
2025-24-19
Wednesday, 19 March 2025 06:24 AM
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