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Factbox-US companies step up job cuts amid uncertain economy
Nov 26, 2025 3:44 AM

(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, PC-maker HP Inc said on Tuesday it plans to cut 4,000 to 6,000 jobs globally by fiscal year 2028 as it adopts artificial intelligence.

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

Sect Date of Company  Layoffs/J % of Total

or Announcem ob Cuts  Workforce 

ent

Resources

November Eastman About 980  

Chemical jobs, About 7%

according

to

Reuters'

calculati

on

November Newmont Rejig 16%

impacts

16% of

workforce

including

cuts to

jobs,

vacancies

and

changes

made to

job roles

Manufacturing

  October General   About 2%

Motors  3,300

(1,750

job cuts,

1,550

temporary

layoffs)

Logistics

  October  United Unknown

Parcel 48,000

Service 

Consumer and Retail   

  October Amazon ( AMZN ) Unknown

  Around

January 14,000

corporate

jobs

globally,

and

1,700

full-time

in

Canadian

province

of

Quebec 

  January 9,600 10%

Kohl's

  June 7,000 About 6%

Procter &

Gamble 

  February 7,000 11.29%

Estee

Lauder

  About

Tyson 3,200 About 3.7%

November Foods  employees globally,

in according to

Nebraska Reuters'

and about calculations

1,700 in

Texas

  September 2,000 Unknown

  Starbucks 

  October Target  1,800 About 8%

  May 1,500 Unknown

Walmart

  January 730 in Unknown

Wayfair ( W ) Germany

  January 648 12%

Brown-Forma

November Hormel   1.25%

Foods About

250

corporate

and sales

jobs

Aviation and Space 

  February 1,750 15% of

Southwest ( LUV ) corporate

Airlines  roles

  February 1,400 10%

Blue Origin

November Spirit Unknown

Airlines About

150

salaried

roles

Energy and Natural Resources 

  February 8,000 20%

Chevron ( CVX )

  September 2,000 About 3% to

Exxon  4%

  January 1,500 4.17%

Dow

  February Up to 1.70%

Archer-Dani 700 

els-Midland

  February 290 Unknown 

Halliburton ( HAL )

  February 400 Unknown 

LyondellBas

ell

  January 400 Unknown 

SolarEdge ( SEDG )

Technologie

s

  March 300 Unknown 

APA 

  October * Unknown Unknown

ConocoPhill

ips 

Technology and Media 

 

Verizon About About 14%

November 13,000

jobs

 

HP Inc ( HPQ ) Between About 6% to

November 4,000 and 10%,

6,000 according to

jobs Reuters'

calculations

globally

by fiscal

2028

November Synopsys   About 10%

About

2,000

jobs

  March 2,000  9% 

Microchip

Technology

November IBM    Unknown

Thousands

of

employees

  October ** Unknown

Paramount Around

Skydance  1,000

 

BCE  About Unknown

November 690

positions

  October Meta Unknown 

  Platforms Around

  600 roles

  in the AI

  unit

January

  

 

5% of

"lowest

performer

s"

 

  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 

UnitedHealt

h

  February  Unknown 5%

Bio Rad ( BIO/B )

Banking and Finance       

  March  **** Morgan About 2% to 3% 

Stanley 2,000

* 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.

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