Factbox: US companies announce layoffs to cut costs

Microchip Technology

28/10/2025 10:21

Changes dateline, adds new job cuts

Oct 28 (Reuters) - U.S. companies across sectors have initiated layoffs as they attempt to streamline operations, following similar cutbacks seen last year.

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
2,000
unknown
Brown-FormanBFb.N
648
12%
Kohl'sKSS.N
9,600
10%
Estee LauderEL.N
7,000
11.29%
AmazonAMZN.O
1,700 full-time
Around 14,000 corporate jobs
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%
ExxonXOM.N
2,000
about 3% to 4%
* ConocoPhillipsCOP.N
Unknown
Unknown
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"
Around 600 roles in the AI unit
Unknown
Rivian AutomotiveRIVN.O
More than 600 employees
4.5%
* Paramount SkydancePSKY.O
Around 1,000
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
388
22%
45%
Healthcare and Pharma
* UnitedHealthUNH.N
Unknown
Unknown
Bio RadBIO.N
Unknown
5%
Banking and Finance
* Morgan StanleyMS.N
About 2,000
2% to 3%

* Paramount Skydance will begin a major round of layoffs with about 1,000 job cuts, a source familiar with the matter told Reuters.

* ConocoPhillips is laying off employees at its Canadian operations, according to three sources and a company memo reviewed by Reuters.

* 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, Anuja Bharat Mistry, Neil J Kanatt and Jaspreet Singh; Editing by Eileen Soreng and Sriraj Kalluvila)

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