- Job cuts are continuing into 2025 following waves of reductions last year.
- Companies like Microsoft, Blackrock, and Ally have all confirmed cuts.
- See the list of companies letting workers go in 2025.
Layoffs and other workforce reductions are continuing in 2025, following two years of significant job cuts across tech, media, finance, manufacturing, and retail.
While companies’ reasons for slimming their staff vary, the cost-cutting measures come amid the backdrop of technological change. Some 41% of companies worldwide are expected to reduce their workforces over the next five years due to the rise of artificial intelligence, according to a recent World Economic Forum report.
Companies like Dropbox, Google, and IBM have previously announced job cuts related to AI. Meanwhile, tech jobs in big data, fintech, and AI are expected to double by 2030, according to the WEF.
Here are the companies with job cuts planned or already underway in 2025 so far.
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