Job Cuts Continue in 2025 Amid Technological Advancements
As part of ongoing industry-wide workforce reductions, several companies have announced job cuts in 2025. These layoffs stem from a variety of factors, including technological advancements and restructuring measures.
List of Companies with Planned Job Cuts
* Kohl's: 10% of corporate roles to improve efficiency and profitability
* CNN: 200 television-focused positions to shift focus towards digital news services
* Starbucks: Layoffs planned for March as part of corporate restructuring
* Stripe: 300 jobs in product, engineering, and operations to optimize efficiency
* BP: 7,700 staff and contractor positions worldwide to reduce costs and improve competitiveness
* Meta: 5% of workforce to address performance issues and streamline operations
* BlackRock: 1% of workforce to realign resources with business strategy
* Bridgewater: 7% of staff to maintain lean operations
* Washington Post: 4% of non-newsroom workforce to reduce costs
* Microsoft: Unspecified number of cuts targeting underperformers
* Ally: Less than 5% of workers to right-size the company
* Adidas: Up to 500 jobs in Germany to simplify operating model
* Salesforce: More than 1,000 jobs due to restructuring and AI focus
* Estée Lauder: 5,800 to 7,000 jobs over the next two years to streamline operations
* Workday: 8.5% of workforce to focus on AI and global presence
* Sonos: 200 jobs to create a simpler organization
* Boeing: 400 roles from moon rocket program due to delays and cost overruns
Technological Impact on Workforce
The rise of artificial intelligence and other technological advancements has been cited as a driving force behind job cuts, as companies seek to optimize efficiency and reduce labor costs. However, the impact on the workforce is not solely negative. The World Economic Forum projects that tech jobs in areas like big data, fintech, and AI will double by 2030.
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