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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 and Retail Sector
(Company: Layoffs/Job Cuts | % of Total Workforce)
Starbucks: 1,100 | 0.52%
Brown-Forman: 648 | 12%
Kohl’s: 9,600 | 10%
Estee Lauder: 7,000 | 11.29%
Amazon: 1,700 full-time | Unknown
Walmart: Hundreds of roles in North Carolina | Unknown
Wayfair: 730 in Germany | Unknown
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Aviation and Space Sector
(Company: Layoffs/Job Cuts | % of Total Workforce)
Southwest: 1,750 | 15% of corporate roles
Blue Origin: 1,400 | 10%
Energy and Natural Resources Sector
(Company: Layoffs/Job Cuts | % of Total Workforce)
Chevron: 8,000 | 20%
Halliburton: 290 | Unknown
Lyondell Basell: 400 | Unknown
SolarEdge Technologies: 400 | Unknown
Archer-Daniels-Midland: Up to 700 | 1.7%
Dow: 1,500 | 4.17%
Technology and Media Sector
(Company: Layoffs/Job Cuts | % of Total Workforce)
Meta: 5% of “lowest performers” | Unknown
Microchip Technology: 2,000 | 9%
Healthcare & Pharma Sector
(Company: Layoffs/Job Cuts | % of Total Workforce)
*UnitedHealth: Unknown | Unknown
Bio Rad: Unknown | 5%
* UnitedHealth was offering employees in its benefits operations unit the option to accept buyouts in February, and may pursue layoffs if the resignation quota is not met, according to a CNBC report.
(Reporting by Seher Dareen in Bengaluru; editing by Arpan Varghese)
