May 22, 2025

Factbox-US companies announce layoffs to cut costs

(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 — decreased 288,000 to 7.192 million by the last day of March, according to the labor department’s Job Openings and Labor Turnover Survey, or JOLTS report. But layoffs also declined, suggesting that the labor market remained on solid footing despite an ever-shifting tariffs policy under U.S. President Donald Trump.

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

Sector Company Layoffs/J % of Total

ob Cuts Workforce

Consumer and Retail

Starbucks (NASDAQ: SBUX ) 1,100 0.52%

648 12%

Brown-Forman

Kohl’s (NYSE: KSS ) 9,600 10%

Estee 7,000 11.29%

Lauder

Amazon (NASDAQ: AMZN ) 1,700 Unknown

full-time

Walmart (NYSE: WMT ) 1,500 Unknown

Wayfair (NYSE: W ) 730 in Unknown

Germany

Aviation and Space

Southwest 1,750 15% of

Airlines corporate

roles

Blue 1,400 10%

Origin

Energy and Natural Resources

Chevron (NYSE: CVX ) 8,000 20%

290 Unknown

Halliburton (NYSE: HAL )

400 Unknown

LyondellBasell

SolarEdge (NASDAQ: SEDG ) 400 Unknown

Technologies

Up to 700 1.70%

Archer-Daniels-Midlan

d

Dow 1,500 4.17%

APA 300 Unknown

Technology and Media

Meta (NASDAQ: META ) 5% of Unknown

Platforms "lowest

performer

s"

Microchip (NASDAQ: MCHP ) 2,000 9%

Technology

500 5%

CrowdStrike (NASDAQ: CRWD )

Intel (NASDAQ: INTC ) Unknown 20%

Match Unknown 13%

Group

Chegg (NYSE: CHGG ) 248 22%

Healthcare and Pharma

* UnitedHealth (NYSE: UNH ) Unknown Unknown

Bio Rad Unknown 5%

Banking and Finance

*Morgan Stanley About 2% to 3%

2,000

* 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.

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