Is 2025 a year of layoffs? Why Google, Amazon, Microsoft, Meta and other US tech giants have cut jobs? Explained
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The Challenger report showed that 49,795 jobs were cut in January, up 28 percent from the 38,792 announced in December. However, the figure was 40 percent less than the 82,307 cuts announced in January 2024.
Big tech companies such as Microsoft, Google, Amazon and Meta handed over pink slips to its employees in January. Reports suggest thousands of people have lost their jobs in at least over two dozen firms in the US.
ALSO READ: After Microsoft and Amazon, US' largest private employer Walmart to cut jobs: All you need to know
Which US companies have announced job cuts in 2025?
-Workday: Software giant Workday is slated to lay off about 1,750 employees, its CEO Carl Eschenbach revealed. The CEO reportedly blamed «increasing demand» for artificial intelligence as having «the potential to drive a new era of growth» for the company. In other words, AI is the reason for the layoffs. The layoffs are expected to impact about 8.5% of the company's staff around the world. Eschenbach added that the firm will be «prioritizing innovation investments like AI and platform development.»
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