Layoffs Trends & Statistics

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The tech AI job reckoning has arrived

Article
Jun 02, 2025

AI can be both sword and shield in layoffs: Businesses are cutting costs and staff while repositioning around AI, which is slashing entry-level opportunities and pushing workers to upskill.

Ad agency workers brace for cuts amid mergers and slow hiring

Ad agency workers brace for cuts amid mergers and slow hiring

Article
May 27, 2025

Ad agency consolidation is shaking employee confidence: Many fear layoffs, unclear futures, and eroding culture as leadership focuses on cost-cutting.

Mass layoffs at Microsoft signal deeper restructuring, AI growing pains

Article
May 15, 2025

Tech layoffs surge as AI eats middle management: Microsoft, LinkedIn, and others are slashing jobs to “flatten” org charts, raising concerns that generative AI's rise will echo the dot-com era's reckoning.

As AI advances, CrowdStrike and Chegg scale back on human labor

Article
May 12, 2025

Both firms are slashing hundreds of jobs, citing AI efficiencies and market shifts—signaling a future where only the AI-proficient survive.

Reality Labs takes a hit as Meta trims VR staff before earnings report

Article
Apr 25, 2025

Meta axes VR jobs as Reality Labs flounders: Over 100 workers, including staff behind the “Supernatural” fitness app, were cut as the firm pivots away from costly metaverse efforts.

TikTok lays off some US ecommerce staff

TikTok lays off some US ecommerce staff

Article
Apr 11, 2025

TikTok is restructuring its governance and experience team: The move affects marketplace safety within TikTok Shop and may be a response to the platform’s underperformance last year.

Tech layoffs surge as AI investments soar. Are companies undermining their future?

Tech layoffs surge as AI investments soar. Are companies undermining their future?

Article
Apr 10, 2025

Firms are pulling resources from core roles to fuel AI growth, but without ROI, they’re hollowing out the workforce they still need.

Block will lay off 8% of its staff after weaker-than-expected Q4

Article
Mar 27, 2025

The company is likely looking for ways to reinvigorate growth after a weaker-than-expected Q4

Consumer spending is resilient—for now—but a slowdown could be looming

Consumer spending is resilient—for now—but a slowdown could be looming

Article
Feb 27, 2025

US consumer spending was resilient in 2024, but confidence is fading: Tariffs, layoffs, and inflation fears threaten to slow momentum as economic uncertainty looms.

Starbucks trims workforce, menu to streamline operations

Article
Feb 24, 2025

Starbucks to lay off 1,100 workers in a bid for efficiency: The coffee company is also reducing its menu by 30% to improve order speed and consistency.

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Weak demand drives Estée Lauder to cut up to 7,000 jobs

Article
Feb 04, 2025

Estée Lauder expects net sales to fall up to 12% this quarter: That exceeds the 6.8% decline analysts forecast and shows the need to adapt amid deep staff cuts.

Kohl’s layoffs are the latest sign of the department store industry’s challenges

Kohl’s layoffs are the latest sign of the department store industry’s challenges

Article
Jan 29, 2025

Department stores need a reboot after sales fell 1.6% last year: Retailers like Kohl’s are searching for a winning formula to revitalize the struggling department store model.

Brian Niccol’s turnaround strategy for Starbucks delivers early results

Article
Jan 28, 2025

Starbucks’ turnaround takes shape: While US comp sales fell for the fourth-straight quarter, CEO Brian Niccol is confident that investments in the store and worker experience will bear fruit.

Wayfair says auf wiedersehen to Germany

Wayfair says auf wiedersehen to Germany

Article
Jan 13, 2025

Wayfair pivots from Germany to focus on physical retail: The country’s challenging economic climate is one reason the retailer is reallocating resources to areas with better long-term potential.

Edelman’s layoffs reveal a shift from big-name brands

Article
Dec 05, 2024

Edelman wants to rely less on top-funnel brands: Layoffs show the company attempting to diversify revenues and meet demand for marketing services.

Acquisitions will help Mastercard maintain Q3’s strong revenue growth

Article
Oct 31, 2024

Recent acquisitions and service launches will help it maintain momentum

Visa plans layoffs despite strong end to FY 2024

Article
Oct 31, 2024

Even so, it’s laying off workers as it dives into value-added services and non-card payments

Amid economic headwinds, Mattel and Hasbro shore up their bottom lines

Amid economic headwinds, Mattel and Hasbro shore up their bottom lines

Article
Oct 24, 2024

Hasbro and Mattel’s cost cuts pay off: Despite sluggish demand, both companies beat analysts’ bottom-line expectations.

Gaming industry struggles highlighted by Microsoft's latest round of layoffs

Gaming industry struggles highlighted by Microsoft's latest round of layoffs

Article
Sep 12, 2024

Microsoft layoffs emphasize gaming’s biggest challenges: High production costs and a saturated market mean the industry has to change.

What the ad industry should learn from Klarna’s AI labor cuts

What the ad industry should learn from Klarna’s AI labor cuts

Article
Aug 29, 2024

Is AI replacing jobs? Klarna says yes: The company plans to cut 1,800 more jobs after a year of aggressive cost-cutting.

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