(Reuters) - U.S. companies across multiple sectors are intensifying job cuts this year, extending a trend of workforce reductions from 2024, as they prioritize cost savings and operational streamlining amid a challenging economic environment.

IBM on Tuesday joined the list of firms announcing layoffs, saying it would cut thousands of jobs as it shifts its focus toward its high-margin software segment, following GM's move last week to reduce nearly 3,300 positions.

Here are some of the companies that have announced job cuts so far in 2025:

Sector Date of Company  Layoffs/Jo % of

Announceme b Cuts  Total

nt Workfor

ce 

Resources

November Eastman About 980

Chemical jobs, About

according 7%

to

Reuters'

calculatio

n

Manufacturing

October General Motors ( GM ) 3,300

(1,750 job About

cuts, 2%

1,550

temporary

layoffs)

Logistics

October United Parcel Unknown

Service 48,000

Consumer and Retail 

October Amazon ( AMZN ) Unknown

Around

14,000

corporate

jobs

globally

January

1,700

full-time

in

Canadian

province

of Quebec

January 9,600 10%

Kohl's

June 7,000 About

Procter & 6%

Gamble

February 7,000 11.29%

Estee Lauder ( EL )

  September 2,000 Unknown

Starbucks 

October Target ( TGT ) 1,800 About

8%

  May 1,500 Unknown

Walmart ( WMT )

January 730 in Unknown

Wayfair ( W ) Germany

January 648 12%

Brown-Forman 

November Hormel Foods About 250

corporate 1.25%

and sales

jobs

Aviation and Space 

  February 1,750 15% of

Southwest ( LUV ) corpora

Airlines  te

roles

  February 1,400 10%

Blue Origin

Energy and Natural Resources 

  February 8,000 20%

Chevron ( CVX )

September 2,000 about

Exxon 3% to

4%

January 1,500 4.17%

Dow

February Up to 700  1.70%

Archer-Daniels

-Midland

  February 290 Unknown

Halliburton ( HAL )  

  February 400 Unknown

LyondellBasell  

  January 400 Unknown

SolarEdge ( SEDG )  

Technologies

  March 300 Unknown

APA  

  October * Unknown Unknown

ConocoPhillips ( COP )

Technology and Media 

March 2,000  9% 

Microchip

Technology

November IBM Thousands

of Unknown

employees

October ** Paramount Unknown

Skydance Around

1,000

  October Meta Platforms ( META ) Unknown

Around  

600 roles

in the AI

unit

January

5% of

"lowest

performers

"

October Rivian 4.5%

Automotive More than

600

employees

  May 500 5%

CrowdStrike ( CRWD )

October Chegg ( CHGG ) 45%

388

May 22%

248

  April Unknown 20%

Intel ( INTC )

  May Unknown 13%

Match Group ( MTCH )

Healthcare and Pharma 

  February *** Unknown  Unknown

UnitedHealth ( UNH )  

  February Unknown 5%

Bio Rad ( BIO/B )

Banking and Finance     

  March **** Morgan About 2% to

Stanley 2,000 3% 

* ConocoPhillips ( COP ) is laying off employees at its Canadian operations, according to three sources and a company memo reviewed by Reuters.

** Paramount Skydance will begin a major round of layoffs with about 1,000 job cuts, a source familiar with the matter told Reuters.

*** UnitedHealth ( UNH ) 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.

**** Morgan Stanley ( MS ) layoffs are aimed at improving operational efficiency and unrelated to current market conditions, a person familiar with the matter told Reuters.

(Reporting by Seher Dareen and Savyata Mishra in Bengaluru; Additional reporting by Manya Saini, Anuja Bharat Mistry, Neil J Kanatt, Jaspreet Singh and Anhata Rooprai; Editing by Eileen Soreng and Sriraj Kalluvila)