Here’s a look at 10 US companies cutting jobs this year, along with the important details you need to know
Browsing: layoffs
Lufthansa Group plans to cut 4,000 jobs by 2030 amid digitization and cost pressures, as global airlines, including Spirit, announce major workforce reductions.
Spirit Airlines plans to furlough 1,800 flight attendants as part of cost-cutting measures amid its second bankruptcy in a year and shrinking flight network.
Amid mass layoffs and cost-cutting, Paramount’s new CEO David Ellison orders employees back to office full-time, signaling the end of pandemic-era workplace flexibility.
Latest data shows unemployment climbing and payrolls shrinking, leaving workers across industries facing growing insecurity
Oil giant ConocoPhillips plans mass layoffs impacting 20–25% of its global workforce as falling oil prices and rising costs pressure the energy sector.
Oracle trims jobs in its cloud division while unveiling an AI-first EHR on Oracle Cloud Infrastructure, aiming to transform healthcare workflows and expand AI capabilities.
“By every objective measure, Microsoft is thriving… and yet, at the same time, we’ve undergone layoffs,” said CEO Satya Nadella after cutting 9,000 jobs.
TCS to lay off 12,000 employees amid skill mismatches and restructuring, as AI-driven shifts and global demand challenges reshape India’s IT sector.
“There are no more blank checks,” says new Intel CEO Lip-Bu Tan, as the company slashes jobs, restructures operations, and pivots toward AI and efficiency.
Scale AI lays off 200 staff amid restructuring, just weeks after Meta’s $14.3B investment and CEO Alexandr Wang’s move to Meta’s superintelligence team.
Microsoft has been able to save $500 million through AI efficiency. Pledges to invest more than $4 billion in cash and technology services in AI training.
Microsoft is laying off 9,000 employees or less than 4% of its global workforce even when it reports strong earnings and deepens investments in AI. The move reflects broader tech industry trends as companies streamline operations and shift toward automation.
Microsoft said on Tuesday that it is laying off 3% of its employees from all over the world, at different levels and teams.
The Japanese carmaker is reportedly closing seven factories with the loss of 20,000 jobs around the world after a tumultuous year.
Intel is reportedly planning to lay off around 21,000 employees — roughly 20% of its workforce
The Trump administration carried out mass layoffs across the Department of Health and Human Services
The employees were reportedly asked to train Indian employees on their job roles as they would have to exit the company soon.
As of September 2024, Meta employed about 72,000 people, so a 5% reduction could affect roughly 3,600 jobs
Technology companies have announced 110,793 job cuts since November 2022 with highest monthly total since 1993
“The tech skill set is very much in demand by companies everywhere,†says Scott Dobroski, Indeed’s career trends expert