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• Companies such as Nike, Starbucks, Meta, Microsoft, and UPS have trimmed staff this year.
• Amazon joined the fray in October, announcing that it would cut roughly 14,000 staff.
• See the list of companies letting workers go in 2025.

The list of companies laying off employees this year is growing.

Layoffs and other workforce reductions have continued in 2025, following two years of significant job cuts in the tech, media, finance, manufacturing, retail, and energy sectors.

While the reasons for slimming staff vary, the cost-cutting measures are coming amid technological change. A World Economic Forum survey found that some 41% of companies worldwide expect to reduce their workforces over the next five years because of the rise of artificial intelligence.

Companies such as Oracle, CNN, Dropbox, and Block have previously announced job cuts related to AI. In October, Amazon joined its tech peers in laying off staff, citing the rapid pace of technological change as it expands its use of generative AI and agents.

Meanwhile, tech jobs in big data, fintech, and AI are expected to double by 2030, according to the WEF.

Here are the companies with job cuts planned or already underway in 2025, listed in alphabetical order.

Adidas plans to cut up to 500 jobs in Germany

Adidas said in January that it would reduce the size of its workforce at its headquarters in Herzogenaurach, Germany, affecting up to 500 jobs, CNBC reported.

If fully executed, it amounts to a reduction of nearly 9% at the company headquarters, which employs about 5,800 employees, according to the Adidas website.

The news came shortly after the company announced it had outperformed its profit expectations at the end of 2024, touting “better-than-expected” results in the fourth quarter.

An Adidas spokesperson said the company had grown “too complex because of our current operating model.”

“To set adidas up for long-term success, we are now starting to look at how we align our operating model with the reality of how we work. This may have an impact on the organizational structure and number of roles based at our HQ in Herzogenaurach.”

The company said it is not a cost-cutting measure and could not confirm concrete numbers.

Ally is cutting less than 5% of workers
Ally Bank/Facebook

The digital-financial-services company Ally is laying off roughly 500 of its 11,000 employees, a spokesperson confirmed to BI.

“As we continue to right-size our company, we made the difficult decision to selectively reduce our workforce in some areas, while continuing to hire in our other areas of our business,” the spokesperson said.