Tech, Finance, and Energy Giants Lead 2025 Layoffs – See the Latest Updates  

layoffs

Tech, Finance, and Energy Giants Lead 2025 Layoffs – See the Latest Updates

After launch of artificial intelligence and the continuos development of AI, the job market were in danger, people were in fear of loosing jobs. And the  post-pandemic era came with a big fall in job market. In the tech industry, companies like Meta, Amazon, and Google have announced significant layoffs, signaling a cautious economic environment in 2025.

The trend of layoffs has started after 2022 and by 2023 big companies like Meta, Twitter and Amazon have started making significant reductions in the number of employees.

YearLayoffs (Approx.)Key Companies
2022ModerateStartups, Small Firms
2023HighMeta, Twitter, Amazon
2024StabilizingMicrosoft, Google, PayPal
2025ContinuingMeta, BlackRock, Wayfair

Impact on Workers and Companies

These mass layoffs have created uncertainty in the market as hiring processes have slowed down and business models have changed. Companies are trying to use AI technology.

Major Layoffs & Hiring Freezes (2024-2025)

CompanyNo. of LayoffsIndustryReason
Wayfair1,000RetailClosing operations in Germany
Renesas Electronics1,000ManufacturingDecreased demand for chips
Gazprom1,600EnergyDownsizing St. Petersburg office
BlackRock1% of workforceFinancial ServicesStrategic realignment
Colibrium Additive48% of workforceManufacturingLosses in 3D printing tech
Tenneco140AutomotiveGlobal downsizing

Stay tuned for updates on this evolving story!

Also Read | Saudi Arabia tightens work visa rules for Indian workers

About WR News Writer

WR News Writer is an engineer turned professionally trained writer who has a strong voice in her writing. She speaks on issues of migrant workers, human rights, and more.

Read Previous

L&T Employees Voice Concerns Over Work-Life Balance Following Chairman’s Controversial Remarks

Read Next

Sanjay Ray found guilty: Major decision announced in RG Kar rape and murder case

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x