It’s been a turbulent quarter for the job market, and just when it seemed the layoffs had reached their limit—*but wait, there’s more!* A fresh round of workforce reductions has arrived for 2025, adding new names and departments to an already crowded roster of corporate cutbacks.
The pattern mirrors a familiar refrain from classic infomercials: every time the audience thinks the presentation is over, another surprise offer appears. Except this time, the “special deal” involves restructuring, consolidation, and a few awkward farewell emails.
While the tone inside many boardrooms remains cautiously optimistic about long-term stability, today’s update proves that the season of layoffs isn’t quite finished yet. Scroll down for the full list of departures and the companies making headlines this week.
- Nestlé To Axe 16,000 Jobs Globally Amid AI Automation.
- Japanese carmaker Nissan will cut another 11,000 jobs globally and shut seven factories as it shakes up the business in the face of weak sales.
- Intel to cut 24,000 jobs and halt major factory projects in strategic restructuring by the end of 2025.
- Microsoft is eliminating 9,000 roles—less than 4% of its workforce—as it realigns its operations to focus on AI and increased efficiency.
- UPS plans to cut 20,000 jobs this year, as part of its cost-cutting effort linked to the delivery giant’s decision to deliver fewer packages from Amazon, its biggest customer.
- Procter & Gamble plans to eliminate approximately 7,000 non-manufacturing positions, impacting 15% of its white-collar workforce, over the next two fiscal years.
- Volkswagen has cut headcount in Germany by around 7,000 since starting its cost-cutting drive in late 2023 and reduced factory costs at the key VW brand.
- UScellular has notified regulators of plans to lay off more than 4,000 jobs across the US. The layoffs are a part of the company’s deal to sell its wireline operations to T-Mobile.
- Siemens will cut 5,600 jobs at its Digital Industries business. This will be the latest blow for German industry shaken by weak demand at home and abroad.
- Morgan Stanley plans to cut 2,000 jobs as part of a workforce restructuring.
- Chevron will lay off 8,000 employees, or 15% to 20% of its global workforce, by the end of 2026.
- Cosmetics giant Estée Lauder will lay off up to 7,000 jobs as a part of the major restructuring plan as the company struggles due to reduced demand.
- General Motors is laying off nearly 50% of the employees who remain at its discontinued Cruise robotaxi business.
- BP reduced its global workforce by over 5%, affecting approximately 4,700 employees and 3,000 contractor positions.
- Meta plans to reduce its workforce by approximately 5% (3,600), targeting its lowest-performing employees.In a memo shared on the company’s internal Workplace forum
- Johns Hopkins University will cut more than 2,000 jobs after it lost $800 million in funding from the US Agency for International Development.
- DHL plans to cut 8,000 jobs in Germany this year, which is the biggest staff reduction programme in its home market in at least two decades.
- Global IT consulting giant, Accenture: layoff of 11,000 employees who couldn’t be reskilled on AI.
- Danish pharmaceutical giant Novo Nordisk plans to cut around 9,000 from its global workforce.
- Houston-based oil giant ConocoPhillips plans to lay off up to 25% of its global workforce: 3,000 employees.
- Salesforce will cut nearly 4,000 additional jobs as it implements AI in the workplace.
- Paramount, now operating as Paramount Skydance Corporation, will axe 3,000.
- Kroger is laying off 1,000 corporate associates.
- Tata Consultancy Services (TCS), India’s largest IT services exporter, is planning to lay off around 12,000 employees.
- Canada’s Hudson’s Bay Company plans to lay off 8,347 employees, or 89% of its workforce. The company will conclude its liquidation sale and shut all stores.
- The United Nations Secretariat is preparing to cut its $3.7 billion budget by 20% and slash about 6,900 jobs.
- Banana giant Chiquita Brands has laid off over 5000 workers in Panama.
- Japanese carmaker Nissan will cut another 11,000 jobs globally and shut seven factories as it shakes up the business in the face of weak sales.
- BluSmart, an EV ride-hailing startup, has ceased operations, leaving around 10,000 drivers and 800 employees without jobs.