Factbox-US companies step up job cuts amid uncertain economy

(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 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 Germany

January 648 12%

Brown-Forma

n

November Hormel 1.25%

Foods About

250

corporate

and sales

jobs

Aviation and Space

February 1,750 15% of

Southwest 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

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

February 400 Unknown

LyondellBas

ell

January 400 Unknown

SolarEdge

Technologie

s

March 300 Unknown

APA

October * Unknown Unknown

ConocoPhill

ips

Technology and Media

Verizon About About 14%

November 13,000

jobs

HP Inc 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

October Chegg 45%

388

May 22%

248

April Unknown 20%

Intel

May Unknown 13%

Match Group

Healthcare and Pharma

February *** Unknown Unknown

UnitedHealt

h

February Unknown 5%

Bio Rad

Banking and Finance

March **** Morgan About 2% to 3%

Stanley 2,000

* ConocoPhillips 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 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, Anuja Bharat Mistry, Neil J Kanatt, Jaspreet Singh and Anhata Rooprai; Editing by Sriraj Kalluvila, Arun Koyyur and Sahal Muhammed)

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