Factbox: US companies announce layoffs to cut costs

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05/06/2025 10:46

Adds Procter & Gamble in the table, labor data in paragraph 2

June 5 (Reuters) - U.S. companies across sectors have initiated layoffs as they attempt to streamline operations amid economic uncertainties, following similar cutbacks seen last year.

Job openings — a measure of labor demand — rose 191,000 to 7.391 million by the last day of April, the Labor Department's Bureau of Labor Statistics said. However, layoffs posted their biggest rise in nine months, signaling that labor market conditions were softening as the Trump Administration's unpredictable tariff shifts pressure the economic outlook.

Here are some of the companies that have announced job cuts so far in 2025:

Sector
Company
Layoffs/Job Cuts
% of Total Workforce
Consumer and Retail
StarbucksSBUX.O
1,100
0.52%
Brown-FormanBFb.N
648
12%
Kohl'sKSS.N
9,600
10%
Estee LauderEL.N
7,000
11.29%
AmazonAMZN.O
1,700 full-time
Unknown
WalmartWMT.N
1,500
Unknown
WayfairW.N
730 in Germany
Unknown
Procter & GamblePG.N
7,000
About 6%
Aviation and Space
Southwest AirlinesLUV.N
1,750
15% of corporate roles
Blue Origin
1,400
10%
Energy and Natural Resources
ChevronCVX.N
8,000
20%
HalliburtonHAL.N
290
Unknown
LyondellBasellLYB.N
400
Unknown
SolarEdge TechnologiesSEDG.O
400
Unknown
Archer-Daniels-MidlandADM.N
Up to 700
1.70%
DowDOW.N
1,500
4.17%
APAAPA.O
300
Unknown
Technology and Media
Meta PlatformsMETA.O
5% of "lowest performers"
Unknown
Microchip Technology MCHP.O
2,000
9%
CrowdStrikeCRWD.O
500
5%
IntelINTC.O
Unknown
20%
Match Group MTCH.O
Unknown
13%
CheggCHGG.N
248
22%
Healthcare and Pharma
* UnitedHealthUNH.N
Unknown
Unknown
Bio RadBIO.N
Unknown
5%
Banking and Finance
*Morgan StanleyMS.N
About 2,000
2% to 3%

* 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.

* Morgan Stanley layoffs are aimed at improving operational efficiency and unrelated to current market conditions, a person familiar with the matter told Reuters.

 (Reporting by Seher Dareen and Savyata Mishra in Bengaluru; Additional reporting by Manya Saini and Anuja Bharat Mistry; Editing by Arpan Varghese, Krishna Chandra Eluri, Shilpi Majumdar and Eileen Soreng)

 ((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128;))