59,743 employees affected across 22 reported layoff events in 2025.
59,743
Total Affected
22
Events
7
Industries
Target · Oct 23 · 1,800 affected
Target Cuts 1,800 Corporate Jobs -- First Major Layoffs in a Decade
Target cut about 1,800 corporate jobs -- roughly 1,000 layoffs plus 800 unfilled roles, about 8% of its corporate workforce -- its first major layoffs in a decade, as incoming CEO Michael Fiddelke moved to revive growth after years of stagnant sales.
Chevron · Feb 12 · 8,000 affected
Chevron to Cut 15-20% of Global Workforce by End of 2026
Chevron said it would cut 15-20% of its global workforce -- up to about 8,000 of roughly 40,000 employees -- by the end of 2026, offering buyouts as it simplified its structure and pushed for $2-3 billion in structural cost cuts.
| Date | Company | Industry | Affected | Summary |
|---|---|---|---|---|
| Jul 24 | Intel | Technology | 24,000 | Intel cut about 15% of its workforce under new CEO Lip-Bu Tan, planning to end 2025 with roughly 75,000 core employees (down from ~99,500) through layoffs and attrition. |
| Aug 28 | Dell | Technology | 11,000 | Dell's headcount fell by roughly 10% — about 11,000 people — across the fiscal year through layoffs and attrition, with cuts disclosed around its August earnings as it reorganized teams toward AI. |
| Feb 12 | Chevron | Energy | 8,000 | Chevron said it would cut 15–20% of its global workforce — up to about 8,000 of roughly 40,000 employees — by the end of 2026, offering buyouts as it simplified its structure and pushed for $2–3B in structural cost cuts through technology, asset sales, and changes to how and where work is done. |
| Feb 10 | Meta | Technology | 3,600 | Meta cut roughly 5% of its workforce — about 3,600 people — in performance-based layoffs effective February 10, framing the move as raising its talent bar by moving out low performers faster. |
| Apr 1 | CVS Health | Healthcare | 2,900 | CVS Health cut about 2,900 employees — roughly 1% of staff, primarily corporate roles — as part of a $2 billion cost-reduction effort that spared store, pharmacy, and distribution jobs. |
| Oct 23 | Target | Retail | 1,800 | Target cut about 1,800 corporate jobs — roughly 1,000 layoffs plus 800 unfilled roles, about 8% of its corporate workforce — its first major layoffs in a decade, as incoming CEO Michael Fiddelke moved to revive growth after years of stagnant sales. Store and supply-chain roles were unaffected. |
| Feb 5 | Workday | Technology | 1,750 | Workday cut 1,750 employees — about 8.5% of staff — to redirect spending toward AI and international growth, despite strong financial results. |
| Jan 6 | Microsoft | Technology | 1,500 | Microsoft began the year with a round of performance-based job cuts affecting less than 1% of its workforce — estimated at up to ~1,500 roles — across security, gaming, sales, and cloud teams. |
| Feb 4 | Salesforce | Technology | 1,000 | Salesforce cut more than 1,000 workers while simultaneously expanding hiring of salespeople for its Agentforce AI product line. |
| Mar 25 | Block | Finance | 931 | Block cut 931 jobs — about 8% of its workforce — in a reduction disclosed by chairman Jack Dorsey, citing a mix of strategy, performance, and flattening management layers across Square and Cash App. |
| Dec 4 | Walgreens | Healthcare | 600 | Walgreens cut hundreds of corporate and support roles — including support-center and field-leadership positions — after its take-private acquisition by Sycamore Partners, amid a plan to close 1,200 U.S. stores. |
| Feb 12 | Ally Financial | Finance | 500 | Ally Financial cut roughly 500 jobs — under 5% of its workforce — taking a restructuring charge as it streamlined operations amid pressure in its auto-lending business. |
| Mar 7 | Wayfair | E-commerce | 340 | Wayfair cut about 340 technology jobs and closed its Austin hub as the furniture e-commerce company restructured its tech stack. |
| May 8 | Match Group | Technology | 325 | Match Group cut about 13% of staff — roughly 325 employees — in new CEO Spencer Rascoff's first major overhaul, flattening management to save around $100 million a year as paid users declined. |
| Apr 11 | Technology | 300 | Google cut several hundred workers in its Platforms & Devices unit (Android, Pixel, Chrome) — under 4% of the group — following a January voluntary-exit program as it consolidated hardware and software teams. | |
| Apr 29 | Electronic Arts | Media | 300 | EA laid off several hundred employees — including roughly 100 at Respawn — and canceled two incubation projects, among them a new Titanfall-universe extraction shooter. |
| Dec 19 | Broadcom | Technology | 247 | Broadcom cut 247 employees at its Palo Alto offices — mainly sales and customer-success roles — as part of continued restructuring following its $69B VMware acquisition. |
| Feb 5 | Sonos | Technology | 200 | Sonos cut about 200 jobs — roughly 12% of its workforce — in a reorganization as it recovered from a botched 2024 app relaunch that damaged customer trust and sales. |
| Aug 7 | Peloton | Technology | 150 | Peloton cut about 6% of its global workforce alongside Q4 fiscal 2025 earnings, part of a $100 million restructuring plan to reach run-rate savings by the end of fiscal 2026. |
| Aug 28 | Nike | Retail | 150 | Nike cut just under 1% of its corporate staff as CEO Elliott Hill reorganized the company around key sports in a turnaround effort. |
| Jan 29 | Amazon | Technology | 100 | Amazon cut a small number of roles — reportedly dozens — across its communications and sustainability units as it reviewed the org design of teams that had grown quickly. |
| Jul 30 | Warner Bros. Discovery | Media | 50 | Warner Bros. cut roughly 10% of its Motion Picture Group across marketing, distribution, and production as parent Warner Bros. Discovery prepared to split into two companies. |