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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