FACTBOX-US companies announce layoffs to cut costs

Reuters
05 Jun
FACTBOX-US companies announce layoffs to cut costs

Adds Procter & Gamble in the table, labor data in paragraph 2

June 5 (Reuters) - U.S. companies across sectors have initiated layoffs as they attempt to streamline operations amid economic uncertainties, following similar cutbacks seen last year.

Job openings — a measure of labor demand — rose 191,000 to 7.391 million by the last day of April, the Labor Department's Bureau of Labor Statistics said. However, layoffs posted their biggest rise in nine months, signaling that labor market conditions were softening as the Trump Administration's unpredictable tariff shifts pressure the economic outlook.

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

Sector

Company

Layoffs/Job Cuts

% of Total Workforce

Consumer and Retail

Starbucks SBUX.O

1,100

0.52%

Brown-Forman BFb.N

648

12%

Kohl's KSS.N

9,600

10%

Estee Lauder EL.N

7,000

11.29%

Amazon AMZN.O

1,700 full-time

Unknown

Walmart WMT.N

1,500

Unknown

Wayfair W.N

730 in Germany

Unknown

Procter & Gamble PG.N

7,000

About 6%

Aviation and Space

Southwest Airlines LUV.N

1,750

15% of corporate roles

Blue Origin

1,400

10%

Energy and Natural Resources

Chevron CVX.N

8,000

20%

Halliburton HAL.N

290

Unknown

LyondellBasell LYB.N

400

Unknown

SolarEdge Technologies SEDG.O

400

Unknown

Archer-Daniels-Midland ADM.N

Up to 700

1.70%

Dow DOW.N

1,500

4.17%

APA APA.O

300

Unknown

Technology and Media

Meta Platforms META.O

5% of "lowest performers"

Unknown

Microchip Technology MCHP.O

2,000

9%

CrowdStrike CRWD.O

500

5%

Intel INTC.O

Unknown

20%

Match Group MTCH.O

Unknown

13%

Chegg CHGG.N

248

22%

Healthcare and Pharma

* UnitedHealth UNH.N

Unknown

Unknown

Bio Rad BIO.N

Unknown

5%

Banking and Finance

*Morgan Stanley MS.N

About 2,000

2% to 3%

* 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.

* Morgan Stanley 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 and Anuja Bharat Mistry; Editing by Arpan Varghese, Krishna Chandra Eluri, Shilpi Majumdar and Eileen Soreng)

((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128;))

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