REFILE-FACTBOX-U.S. companies announce layoffs to cut costs

ReutersFeb 26, 2025 1:13 PM

Corrects dateline to Feb. 26

Feb 26 (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
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.

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