In the United States, many companies are planning to lay off workers in 2025. This follows two years of job cuts in industries like tech, media, finance, and retail. A report from Business Insider says that companies are cutting jobs for several reasons, mainly due to new technology, especially artificial intelligence (AI).
According to a survey by the World Economic Forum, 41% of companies around the world expect to reduce their number of employees in the next five years because of advancements in AI.
Here are some major companies that have announced layoffs for 2025:
– Microsoft: The company, led by Satya Nadella, plans to let go of some ‘underperforming employees’ in various departments, especially in security. They are focusing on keeping high-performing workers. Even with layoffs, Microsoft may refill some of those positions, meaning their total number of employees might not change much.
– BlackRock: This investment firm plans to cut about 200 jobs out of its 21,000 workforce. However, it also added 3,750 new workers last year and plans to hire 2,000 more in 2025. The company’s leaders say these cuts will help align their resources better.
– Bridgewater: The world’s largest hedge fund is cutting around 7% of its staff, which is about 90 employees. This is part of their effort to keep the company lean.
– Washington Post: The newspaper announced it would lay off around 4% of its workforce, which is less than 100 employees. This decision is due to financial losses and a drop in digital readership.
– Ally: This digital financial services company is laying off about 500 employees out of 11,000. They are making these cuts in some areas while continuing to hire in others. The company is offering severance and support to those affected.
– Amazon: The tech giant plans to cut around 14,000 manager positions to improve efficiency. Amazon’s CEO wants to increase the number of individual contributors compared to managers. This move could save the company up to $3 billion each year.
Big companies like Amazon, Boeing, and Spirit Airlines are also announcing job cuts. Although we don’t know the exact number of layoffs expected for 2024, it is likely to be lower than in 2023.
Leave a Reply