Layoffs and other workforce reductions continue into 2025, after two years of significant growth abolition of jobs in technology, media, finance, manufacturing, retail and energy.
Although the reasons for the downsizing are varied, the cost-cutting measures come amid technological changes. In a recent World Economic Forum According to research, around 41% of companies in the world said they expect to reduce the number of employees in the next five years due to the rise of artificial intelligence.
Companies like CNN, Dropbox and IBM have already done this announced job cuts related to AI. Tech jobs in big data, fintech and artificial intelligence are expected to double by 2030, according to the WEF.
These are companies with planned or ongoing job cuts in 2025 to now.
CNN plans to cut 200 jobs.
CNN is laying off staff in an effort to focus operations on its digital news services.Brandon Bell/Getty Images
The cable news giant CNN is axing about 200 television-focused roles as part of a digital turnaround. The reduction will amount to about 6% of the company’s workforce.
ua letter In a memo to staff Thursday, CNN CEO Mark Thompson said his goal is to “shift CNN’s gravity toward the platforms and products that audiences themselves are shifting toward and, in doing so, ensure CNN’s future as one of the world’s largest news organization.”
Starbucks plans layoffs in March.
Starbucks plans layoffs as part of corporate restructuring.ANGELA WEISS / AFP via Getty Images
A global chain of coffee shops Starbucks announced that he plans to lay off in March.
In a Jan. 21 memo to staff, Brian Nicoll, the company’s chairman and chief executive officer, said, “We need to make significant changes to the way our support teams are organized and how we work,” and as part of that, “we will have places and smaller support teams that thrive.”
Nicoll said the changes will be communicated to staff by early March.
Stripe lays off 300 employees.
Stripe is cutting 300 jobs, according to a memo obtained by BI.Pavlo Gonchar/SOPA Images/LightRocket via Getty Images
Payment platform Stripe lays off 300 employeesprimarily in products, engineering and operations, according to a Jan. 20 memo obtained by BI.
Chief Human Resources Officer Rob McIntosh said in a memo that the company still plans to increase the number of employees to about 10,000 by the end of the year.
BP is cutting 7,700 jobs for staff and contractors worldwide.
Oil giant BP is cutting thousands of jobs.John Keeble/Getty Images
The cuts are part of BP’s “simplification and focus” program that began last year.
“We are strengthening our competitiveness and building resilience as we lower our costs, drive performance improvement and leverage our distinctive capabilities,” the company said.
Meta is laying off 5% of its workforce.
Meta CEO Mark Zuckerberg told employees that the company is targeting “underperformance,” BI reported on January 14.Fabrice COFFRINI/AFP/Getty Images
Meta CEO Mark Zuckerberg recently told staff that he had “decided to raise the bar on performance management” and would move quickly to “oust the underperformers,” according to internal memo seen by BI.
In a post on the company’s internal communications platform, he said Meta would make “more extensive performance-based cuts” in this year’s performance review cycle. Affected US employees will be notified on February 10, he wrote.
The company has laid off more than 21,000 workers since 2022.
BlackRock is laying off 1% of its workforce.
It was recently announced that BlackRock is planning layoffs.Eric Thayer/Reuters
BlackRock has told employees it plans to lay off about 200 people from its 21,000-strong workforce, according to Bloomberg.
The cuts were more than offset by about 3,750 workers added last year and another 2,000 to be added in 2025.
BlackRock’s chairman, Rob Kapito, and its chief operating officer, Rob Goldstein, said the cuts would help align the company’s resources with its strategy, Bloomberg reported.
Bridgewater laid off about 90 employees.
The layoffs at Bridgewater will return the workforce to where it was in 2023, a person familiar with the matter said.Bridgewater Associates
Bridgewater Associates down 7% of its staff in January in an effort to stay lean, a person familiar with the matter told Business Insider.
Layoffs at the world’s largest hedge fund are bringing the number of employees back to where they were in 2023, the person said.
Company founder, Ray Daliosaid in a 2019 interview that about 30% of new hires left the company within 18 months.
The Washington Post is laying off 4% of its workforce outside the newsroom.
The Jeff Bezos-owned Washington Post is making layoffs in January.Andrew Harnik/Getty Images
The Washington Post is laying off fewer than 100 employees in an effort to cut costs, Reuters reported in January.
The spokesperson said that the changes will take place in several areas of the business and indicated that the cuts will not affect the newsroom.
“The Washington Post continues its transformation to meet the needs of the industry, build a more sustainable future and reach audiences where they are,” a spokesman said, according to Reuters.
Microsoft plans an unspecified number of cuts.
Microsoft has confirmed that job cuts are planned.NurPhoto/Getty Images
Microsoft is planning to lay off jobs soon, and the company is taking it more seriously worse employees as part of the reductions, according to two people familiar with the plans.
A Microsoft spokesperson confirmed the cuts but declined to share details on the number of employees who will be laid off.
“At Microsoft, we focus on high-performance talent,” the spokesperson said. “We’re always working to help people learn and grow. When people don’t work, we take appropriate action.”
Ally lays off less than 5% of workers.
Ally is laying off about 500 employees.Ally Bank/Facebook
Digital financial services company Ally is laying off approximately 500 of its 11,000 employees, a spokesperson confirmed to BI.
“As we continue to resize our company, we have made the difficult decision to selectively reduce our workforce in some areas while continuing to hire in other areas of our business,” the spokesperson said.
The spokesperson also said the company offers severance pay, job placement assistance and the ability to apply for jobs at Ally.
Ally made a similar level of cuts in October 2023 Charlotte watcher reported.
Adidas plans to cut up to 500 jobs in Germany.
Despite a strong year, Adidas plans to cut jobs.Jakub Porzycki/NurPhoto via Getty Images
Adidas intends to reduce the size of its workforce at its headquarters in Herzogenaurach, Germany, which will affect up to 500 jobs, CNBC reported.
If fully implemented, it represents a reduction of nearly 9% at the company’s headquarters, which employs about 5,800 people, according to Adidas’ website.
The news comes shortly after the company said it beat its expected profit at the end of 2024, hailing “better-than-expected” results in the fourth quarter.
“The strong growth in all regions and divisions proves the good work our teams are doing across regions and functions,” CEO Bjørn Gulden said in a press release. “So while we are not yet where we want to be long-term, I am very pleased with this development which has been much better than we expected.”
In a statement to BI, an Adidas spokesperson said the company had become “too complex due to our current operating model”.
“To set adidas up for long-term success,” the spokesperson said, “we are now starting to consider how to align our operating model with the realities of how we work. This may affect the organizational structure and number of roles based at our Herzogenaurach headquarters.”
The company said that it was not a cost-cutting measure and that they could not confirm specific figures.
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