Adds Microchip
March 3 (Reuters) - U.S. companies have initiated layoffs across sectors as they attempt to streamline operations amid economic uncertainties, following similar cutbacks seen last year.
The Labor Department's Job Openings and Labor Turnover Survey, or JOLTS report, from early February showed vacancies were down 1.3 million over the year at the end of December, while remaining above the 2019 average, suggesting that the labor market was slowing down but not abruptly.
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% | |
* 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.
(Reporting by Seher Dareen in Bengaluru; editing by Arpan Varghese)
((Seher.Dareen@thomsonreuters.com; If in India call +91 74832 70128;))
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