Amazon, Microsoft, Meta, Intel and more: List of top US tech giants that have announced ma

June 21, 2025

Microsoft recently announced its third round of layoffs and is preparing to eliminate thousands of jobs primarily targeting its sales division. The job cuts are expected to be announced in early July as the company continues restructuring amid massive AI investments, Bloomberg reported.

Microsoft is not alone as the tech layoff wave is still kicking in 2025. Intel says it planned to lay off 15% to 20% of workers in its Intel Foundry division starting in July. CrowdStrike announced a 5% workforce reduction last month. And Amazon CEO Andy Jassy just recently warned it will shrink its workforce in coming years due to a quote “once-in-a-lifetime reinvention of everything we know”, in a reference to generative AI.

ALSO READ: Amazon’s one-month deadline to US employees amid mass layoff fear: Resign in 60 days or…

Layoffs in 2025

With AI reshaping some workforces, a number of companies have announced mass layoffs in 2025, following two years of significant job cuts across tech, media, finance, manufacturing, retail, and energy. Even though the reasons for sacking employees varies from one company to another, the cost-cutting measures are coming amid technological change, according to a Business Insider report.

A list of companies with job cuts planned or already underway in 2025:

Intel: Intel is preparing to sack between 15% and 20% of its Intel Foundry workforce beginning in July, marking one of the largest job cuts in the semiconductor giant’s history. The layoffs are expected to affect more than 10,000 employees worldwide, representing roughly one-fifth of the company’s manufacturing division. Unlike in prior layoff rounds, Intel will forgo voluntary buyouts and early retirement options, instead choosing employees for dismissal based on performance reviews and alignment with strategic investment priorities across its global manufacturing network.-Crowdstrike: Crowdstrike, the cybersecurity company that became a household name after causing a massive global IT outage last year has announced it will cut 5% of its workforce in part due to “AI efficiency”. In a note to staff earlier this week, released in stock market filings in the US, CrowdStrike’s chief executive, George Kurtz, announced that 500 positions, or 5% of its workforce, would be cut globally, citing AI efficiencies created in the business.

ALSO READ: 16 billion passwords leaked in largest data breach ever: Check tips to protect your Facebook, Instagram accounts

Amazon: The boss of Amazon has told white collar staff at the e-commerce company their jobs could be taken by artificial intelligence in the next few years. Andrew Jassy told employees that AI agents – tools that carry out tasks autonomously – and generative AI systems such as chatbots would require fewer employees in certain areas. “We will need fewer people doing some of the jobs that are being done today, and more people doing other types of jobs. “It’s hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce.”

Block: Jack Dorsey’s fintech company, Block, is laying off nearly 1,000 employees, according to TechCrunch and The Guardian, in its second major workforce reduction in just over a year. The company, which operates Square, Afterpay, CashApp, and Tidal, is transitioning nearly 200 managers into non-management roles and closing almost 800 open positions, according to an email obtained by TechCrunch.

Meta: Meta CEO Mark Zuckerberg informed employees in an internal memo, obtained by BI in January, that he had “decided to raise the bar on performance management” and would move swiftly to “exit low-performers.” Layoffs began in February, records reviewed by BI show, with significant reductions affecting teams managing Facebook, the Horizon VR platform, and logistics. In April, Meta also implemented further layoffs within its Reality Labs division, though the exact number of job cuts was not disclosed. Previously, the company had laid off more than 21,000 workers since 2022.

ALSO READ: 6 times in one post: Trump brings up Nobel Peace Prize again and again

Microsoft: Microsoft cut an unspecified number of jobs in January based on employees’ performance. Workers were told that they wouldn’t receive severance and that their benefits, such as medical insurance, would stop immediately, BI reported. The company also laid off some employees in January at divisions including gaming and sales.

Walmart: On May 21, Reuters reported that Walmart plans to cut approximately 1,500 jobs as part of a broader effort to streamline its operations. The layoffs will impact teams across global technology, operations, U.S. e-commerce fulfillment, and Walmart Connect, the company’s advertising division. With a workforce of about 1.6 million employees, Walmart remains the largest private employer in the United States. In a May 15 interview with CNBC, CFO John David Rainey said customers can expect price hikes at the beginning of summer due to the impact of tariffs.

(With agency inputs)

(You can now subscribe to our Economic Times WhatsApp channel)

 

Search

RECENT PRESS RELEASES