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

Joining the list, Verizon is planning to cut about 15,000 jobs, according to a source familiar with the matter.

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,

according About

to 7%

Reuters'

calculatio

n

November Newmont Rejig 16%

impacts

16% of

workforce

including

cuts to

jobs,

vacancies

and

changes

made to

job roles

Manufacturing

  October General   About

Motors  3,300 2%

(1,750 job

cuts,

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  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   1.25%

About 250

corporate

and sales

jobs

Aviation and Space 

  February 1,750 15% of

Southwest ( LUV ) corpora

Airlines  te

roles

  February 1,400 10%

Blue Origin

November Spirit About 150

Airlines salaried Unknown

roles

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 

November Verizon About

15,000 About

jobs 15%

November Synopsys About

2,000 jobs About

10%

  March 2,000  9% 

Microchip

Technology

November IBM    Unknown

Thousands

of

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 Sriraj Kalluvila and Arun Koyyur)