(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/J % of Total
ob Cuts Workforce
Consumer and Retail
Starbucks 1,100 0.52%
648 12%
Brown-Forman
Kohl’s 9,600 10%
Estee 7,000 11.29%
Lauder
Amazon
1,700 Unknown
full-time
Walmart
Unknown
Hundreds
of roles
in North
Carolina
Wayfair
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 8,000 20%
290 Unknown
Halliburton
Lyondell 400 Unknown
Basell
SolarEdge 400 Unknown
Technologies
Up to 700 1.70%
Archer-Daniels-Midlan
d
Dow 1,500 4.17%
Technology and Media
Meta 5% of Unknown
Platforms “lowest
performer
s”
Healthcare & Pharma
* UnitedHealth Unknown Unknown
Bio Rad Unknown 5%
* 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.
(Reporting by Seher Dareen in Bengaluru; editing by Arpan Varghese and)
