U.S. companies have begun implementing layoffs across various sectors in an effort to streamline operations amid ongoing economic uncertainties, continuing the trend of job cuts observed last year. According to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) released in early February, job vacancies declined by 1.3 million by the end of December compared to the previous year, though they remained above the 2019 average. This indicates a slowdown in the labor market, but not a sudden decline.
U.S. tech layoffs surged this week, with over 6,000 job cuts reported. Phoenix-based Onsemi Intelligent Technology leads with 2,400 layoffs, about 9% of its workforce. San Francisco’s Autodesk also announced a 9% reduction, cutting 1,350 jobs, while Palo Alto’s HP plans to lay off up to 2,000 more workers as part of its 2022 restructuring, bringing its total cuts to 8,000. The exact impact on U.S. employees remains unclear.
The healthcare sector is facing another closure as HerMD, a provider of comprehensive health, beauty, and wellness services for women, announces it is shutting down.
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) | Hundreds of roles in North Carolina | Unknown | |
| Wayfair (W.N) | 730 in Germany | Unknown | |
| 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 | |
| Lyondell Basell (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% | |
| Technology and Media | Meta Platforms (META.O) | 5% of “lowest performers” | Unknown |
| Microchip Technology (MCHP.O) | 2,000 | 9% | |
| Healthcare & Pharma | UnitedHealth (UNH.N) | Unknown | Unknown |
| Bio Rad (BIO.N) | Unknown | 5% |
(With Reuters Inputs)