Factbox: US companies announce layoffs to cut costs

Solaredge Technologies

19/03/2025 08:41

Adds Morgan Stanley

March 19 (Reuters) - 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:

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
Hundreds of roles in North Carolina
Unknown
WayfairW.N
730 in Germany
Unknown
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
Lyondell BasellLYB.N
400
Unknown
SolarEdge TechnologiesSEDG.O
400
Unknown
Archer-Daniels-MidlandADM.N
Up to 700
1.70%
DowDOW.N
1,500
4.17%
Technology and Media
Meta PlatformsMETA.O
5% of "lowest performers"
Unknown
Microchip Technology MCHP.O
2,000
9%
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 in Bengaluru; Additional reporting by Manya Saini; Editing by Arpan Varghese and Krishna Chandra Eluri)

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