(Reuters) – U.S. companies across multiple sectors are intensifying job cuts this year, extending a trend of workforce reductions from 2024, as they prioritize cost savings and operational streamlining amid a challenging economic environment. IBM on Tuesday joined the list of firms announcing layoffs, saying it would cut thousands of jobs as it shifts its focus toward its high-margin software segment, following GM's move last week to reduce nearly 3,300 positions. Here are some of the companies that have announced job cuts so far in 2025: Sector Date of Company Layoffs/Jo % of Announceme b Cuts Total nt Workfor ce Resources November Eastman About 980 Chemical jobs, About according 7% to Reuters' calculatio n Manufacturing October General Motors 3,300 (1,750 job About cuts, 2% 1,550 temporary layoffs) Logistics October United Parcel Unknown Service 48,000 Consumer and Retail October Amazon Unknown Around 14,000 corporate jobs globally January 1,700 full-time in Canadian province of Quebec January 9,600 10% Kohl's June 7,000 About Procter & 6% Gamble February 7,000 11.29% Estee Lauder 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-Forman November Hormel Foods About 250 corporate 1.25% and sales jobs Aviation and Space February 1,750 15% of Southwest corpora Airlines te roles February 1,400 10% Blue Origin Energy and Natural Resources February 8,000 20% Chevron September 2,000 about Exxon 3% to 4% January 1,500 4.17% Dow February Up to 700 1.70% Archer-Daniels -Midland February 290 Unknown Halliburton February 400 Unknown LyondellBasell January 400 Unknown SolarEdge Technologies March 300 Unknown APA October * Unknown Unknown ConocoPhillips Technology and Media March 2,000 9% Microchip Technology November IBM Thousands of Unknown employees October ** Paramount Unknown Skydance Around 1,000 October Meta Platforms Unknown Around 600 roles in the AI unit January 5% of "lowest performers " 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 UnitedHealth February Unknown 5% Bio Rad Banking and Finance March **** Morgan About 2% to Stanley 2,000 3% * 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 Eileen Soreng and Sriraj Kalluvila)
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