The global job market is experiencing a wave of layoffs, with major employers across various industries cutting tens of thousands of jobs. According to Layoffs.fyi, around 218 tech companies have reduced their headcounts in 2025, resulting in the loss of 112,732 tech jobs. The affected companies cite post-pandemic realities, AI-driven shifts, and slower economic growth as reasons for the layoffs.
Some of the notable companies that have announced layoffs include UPS, which is cutting 48,000 jobs, Amazon, which is laying off up to 30,000 workers, and Intel, which is preparing to cut around 24,000 jobs. Other companies, such as Nestlé, Lufthansa Group, and Novo Nordisk, are also reducing their workforces. The layoffs are not limited to the tech industry, with companies like Ford, Microsoft, and Accenture also announcing job cuts.
The reasons for the layoffs vary, but many companies are citing the need to adapt to changing market conditions and invest in new technologies like artificial intelligence. For example, Amazon is laying off workers as it plans to invest heavily in AI, while Intel is cutting jobs as it tries to rebuild its footing in the semiconductor market.
The layoffs are having a significant impact on workers, with many losing their jobs and facing uncertainty about their future. The job market is becoming increasingly volatile, and workers are being forced to adapt to changing circumstances. The trend of layoffs is expected to continue, with many companies announcing plans to cut jobs in the coming months.
Some of the other companies that have announced layoffs include Meta, which has laid off 600 employees from its AI department, Google, which has cut 100 jobs from its design department, and TCS, which has laid off 6,000 employees worldwide. Salesforce has also cut 4,000 customer support jobs as it shifts towards AI-driven services, while Target has announced 1,800 corporate job cuts as it looks to revive growth.
Overall, the wave of layoffs is a reminder that stability in the job market is not guaranteed, and workers must be prepared to adapt to changing circumstances. The trend of layoffs is expected to continue, and it will be important for workers to develop new skills and be flexible in order to succeed in the changing job market.