The world’s biggest employers are in cost-cutting mode. From tech giants to old-economy leaders, a wave of layoffs has rattled the industry, leaving tens of thousands without jobs. According to Layoffs.fyi, the website tracking all the recent developments, in 2025, around 218 tech companies reduced their headcounts, among which 112,732 tech employees lost their jobs.
According to most of the companies, they’re adapting to post-pandemic realities, AI-driven shifts, and slower economic growth. But for workers, it’s just another reminder that stability in today’s job market is anything but certain.
Tech Layoffs 2025: List
UPS Layoffs
United Parcel Service gave the biggest shock to its workforce this year, announcing 48,000 layoffs as part of a restructuring plan, AP reported. Around 34,000 operational jobs, including thousands of delivery drivers, will lose their jobs. Another 14,000 management roles will be slashed after the company closed 93 facilities across the US, hit by Trump tariffs and plunging stock prices. The CEO called it the “most significant strategic shift” in UPS’s history. The cuts came even as UPS’s third-quarter earnings exceeded Wall Street’s predictions.
Amazon to layoff 10% of its workforce, 30,000 jobs axed – ‘overhired during pandemic’
Amazon Layoffs
Amazon is laying off up to 30,000 workers, one of its biggest job reductions in its history, Reuters reported. Most of the affected roles are corporate, HR, operations, devices, and AWS. The mass firing comes after years of aggressive hiring during the pandemic. According to CEO Andy Jassy, the company needs to review its spending as it plans to invest a huge chunk in artificial intelligence. In an internal memo, he told employees that most would get 90 days to find new positions internally. On October 29, the company conducted the first round of layoffs, sending notice to around 14k employees.
Intel Layoffs
The chipmaker prepares to cut around 24,000 jobs, according to The Kobeissi Letter. The company has been struggling to keep up with rivals like Nvidia and AMD amid a global slowdown in PC demand. Intel has reportedly started reducing headcount in California and Oregon, affecting nearly 2,000 employees. The layoffs are part of Intel’s turnaround plan as it tries to rebuild its footing in the semiconductor race.
Nestlé Layoffs
Nestlé is planning to reduce its workforce by cutting 16,000 jobs worldwide over the next two years. The Swiss food and beverage giant is focusing on firing white-collar roles under a new CEO, working on a cost-cutting initiative. Nestlé has already raised prices on coffee and cocoa-based products, but the company says restructuring is necessary to stay competitive.
Lufthansa Group Layoffs
The airline giant has announced plans to cut about 4,000 jobs by 2030, most of them in Germany, according to the Fortune 500 list. Lufthansa said the cuts will largely affect administrative roles. The company is also switching to artificial intelligence and digitisation. Despite strong demand for air travel and a healthy profit outlook, Lufthansa says the changes are needed to stay agile and competitive.
Recent Layoff Announcements:
— The Kobeissi Letter (@KobeissiLetter) October 28, 2025
1. UPS: 48,000 employees
2. Amazon: Up to 30,000 employees
3. Intel: 24,000 employees
4. Nestle: 16,000 employees
5. Accenture: 11,000 employees
6. Ford: 11,000 employees
7. Novo Nordisk: 9,000 employees
8. Microsoft: 7,000 employees
9. PwC: 5,600…
Novo Nordisk Layoffs
Danish pharmaceutical maker of drugs like Ozempic and Wegovy said it would cut 9,000 jobs, or roughly 11% of its global workforce. The company is restructuring its operations to fulfil demand for its obesity and diabetes treatments.
Accenture Layoffs
Consulting and IT services firm Accenture has announced it will cut 11,000 jobs as part of its restructuring efforts. The company, while sharing its quarterly earnings, said that more layoffs could follow in the coming months.
Ford Layoffs
Ford Motor Co. said it will cut up to 1,000 jobs at its electric vehicle factory in Cologne, Germany, after sales were recorded below expectations. The company. Ford explained that electric car demand in Europe is “significantly below industry forecasts.”
Microsoft Layoffs
Microsoft has laid off close to 4,000 employees, most of them in its software engineering departments, according to Bloomberg. The company is also preparing for nearly 6,000 additional job cuts across departments.
Meta Layoffs
Meta has laid off 600 employees from its artificial intelligence department. The layoffs were announced on October 23 by Chief AI Officer Alexandr Wang. Meta has asked those laid off to apply for roles in other departments, while continuing to hire for AI-focused positions.
Google Layoffs
Alphabet-owned Google has cut 100 jobs from its design department to speed up its AI rollout. The move, reported on October 2 by CNBC, followed another round of layoffs in September when Google terminated over 200 contract workers working on AI tools like Gemini and AI Overviews.
TCS Layoffs
Tata Consultancy Services (TCS) has laid off 6,000 employees worldwide this year and plans to cut another 6,000 jobs in the next fiscal. The IT services major said it is reorganising teams to focus more on automation and AI-led growth.
Salesforce Layoffs
Salesforce has cut 4,000 customer support jobs as part of a major shift toward AI-driven services. The company’s customer support headcount has dropped from 9,000 to around 5,000 employees.
Target Layoffs
Target has announced 1,800 corporate job cuts as it looks to revive growth after years of flat sales. In a memo sent on October 23, Chief Operating Officer, Michael Fiddelke said, “The truth is, the complexity we’ve created over time has been holding us back,” he said in the memo. “Too many layers and overlapping work have slowed decisions, making it harder to bring ideas to life.”
