Job Cuts Continue in 2025 Amidst Technological Advancements

Despite strong financial performance, companies are continuing to announce job cuts in 2025. These layoffs are driven by cost-cutting measures and the increasing adoption of automation and artificial intelligence (AI).

According to a World Economic Forum survey, 41% of companies worldwide expect to reduce their workforces in the next five years due to AI advancements. However, demand for jobs in big data, fintech, and AI is projected to double by 2030.

Companies with Planned or Ongoing Job Cuts in 2025

* Kohl's: Cutting 10% of corporate roles to increase efficiency and profitability.
* CNN: Cutting 200 television-focused jobs to shift towards digital news services.
* Starbucks: Planning layoffs in March as part of a corporate restructuring.
* Stripe: Laying off 300 employees in product, engineering, and operations.
* BP: Cutting 7,700 staff and contractor positions globally to simplify and focus operations.
* Meta: Targeting "low-performers" and making performance-based cuts.
* BlackRock: Reducing 1% of its workforce to realign resources with its strategy.
* Bridgewater: Cutting 7% of staff to maintain a lean structure.
* Washington Post: Eliminating less than 100 non-newsroom employees.
* Microsoft: Planning job cuts and increasing scrutiny of underperforming employees.
* Ally: Laying off approximately 500 employees.
* Adidas: Intends to cut up to 500 jobs in Germany to streamline operations.
* Salesforce: Slashing more than 1,000 jobs despite strong financial performance.
* Estée Lauder: Cutting 5,800 to 7,000 jobs as part of a restructuring plan.
* Workday: Laying off 8.5% of its workforce to focus on AI and expand its global presence.