financetom
Business
financetom
/
Business
/
Factbox-US companies announce layoffs to cut costs
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Factbox-US companies announce layoffs to cut costs
Mar 3, 2025 5:46 AM

(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 Hundreds Unknown

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"

Microchip

Technology 2,000 9%

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trimble's Q2 Adjusted Earnings, Revenue Fall; Issues Q3 Guidance -- Shares Gain Pre-Bell
Trimble's Q2 Adjusted Earnings, Revenue Fall; Issues Q3 Guidance -- Shares Gain Pre-Bell
Aug 6, 2024
07:47 AM EDT, 08/06/2024 (MT Newswires) -- Trimble (TRMB) reported Q2 adjusted earnings Tuesday of $0.62 per share, down from $0.64 a year earlier. Analysts polled by Capital IQ expected $0.58. Revenue for the quarter was $870.8 million, compared with $993.6 million a year earlier. Analysts surveyed by Capital IQ estimated $862.5 million. The company said it expects Q3 adjusted...
Bentley Systems Q2 Adjusted Earnings, Revenue Rise
Bentley Systems Q2 Adjusted Earnings, Revenue Rise
Aug 6, 2024
07:46 AM EDT, 08/06/2024 (MT Newswires) -- Bentley Systems ( BSY ) reported Q2 adjusted earnings Tuesday of $0.31 per diluted share, up from $0.24 a year earlier. Analysts polled by Capital IQ expected $0.23. Revenue for the quarter ended June 30 was $330.3 million, compared with $296.7 million a year earlier. Analysts surveyed by Capital IQ expected $325.1 million....
Neo Performance Materials to Sell Quapaw, Oklahoma Rare Metals Facility
Neo Performance Materials to Sell Quapaw, Oklahoma Rare Metals Facility
Aug 6, 2024
07:49 AM EDT, 08/06/2024 (MT Newswires) -- Neo Performance Materials ( NOPMF ) on Tuesday said it agreed to sell its stake in Neo Rare Metals Quapaw facility to Kevin Reading, the general manager and co-founder of the facility. Reading will acquire Neo's 80% stake in Quapaw for US$1.4 million plus cash on closing, subject to normal closing adjustments, which...
Baxter International's Q2 Adjusted Earnings, Revenue Increase
Baxter International's Q2 Adjusted Earnings, Revenue Increase
Aug 6, 2024
07:49 AM EDT, 08/06/2024 (MT Newswires) -- Baxter International ( BAX ) reported Q2 adjusted earnings Tuesday of $0.68 per diluted share, up from $0.66 a year earlier. Analysts polled by Capital IQ expected $0.66. Revenue for the quarter ended June 30 was $3.81 billion, compared with $3.71 billion a year earlier. Analysts surveyed by Capital IQ expected $3.75 billion....
Copyright 2023-2026 - www.financetom.com All Rights Reserved