Job Cuts Continue into 2025

Despite a strong financial performance, the tech giant Salesforce is reportedly cutting more than 1,000 jobs from its workforce of nearly 73,000. Affected employees will have the opportunity to apply for open internal roles.

Layoffs and Workforce Reductions

Layoffs and other workforce reductions continue to impact various industries in 2025, including tech, media, finance, manufacturing, retail, and energy. While the reasons for reducing staff vary, cost-cutting measures are being implemented amid technological advancements.

Companies with Planned or Ongoing Job Cuts

* Kohl's: Cutting approximately 10% of corporate roles to enhance efficiency and profitability.
* CNN: Reducing 200 television-focused positions as part of a digital transformation.
* Starbucks: Planning layoffs in March as part of a corporate restructuring to streamline support teams.
* Stripe: Laying off 300 employees in product, engineering, and operations, despite plans to increase headcount by the end of 2025.
* BP: Cutting 4,700 staff and 3,000 contractors worldwide as part of a program to lower costs and improve performance.
* Meta: Targeting "low-performers" and implementing extensive performance-based cuts in this year's review cycle, affecting 5% of its workforce.
* BlackRock: Reducing 1% of its workforce to realign resources with its strategy.
* Bridgewater: Cutting 7% of its staff to return to its 2023 headcount level.
* Washington Post: Eliminating less than 100 non-newsroom employees to reduce costs.
* Microsoft: Planning unspecified job cuts and taking a closer look at underperforming employees.
* Ally: Laying off approximately 500 employees to right-size the company while continuing to hire in other areas.
* Adidas: Intending to reduce up to 500 jobs at its headquarters in Germany due to increased complexity in its operating model.
* Estée Lauder: Will cut between 5,800 and 7,000 jobs as part of a restructuring plan to improve profitability and growth.
* Workday: Reducing 8.5% of its workforce, approximately 1,750 employees, to focus on artificial intelligence.
* Sonos: Cutting around 200 roles to simplify the organization and remove unnecessary complexity.