In 2025, major layoffs and hiring freezes are sweeping across industries, reflecting a global shift in economic priorities and business strategies. Tech giants, once engines of aggressive hiring, are downsizing significantly due to overexpansion, declining profits, and the rise of AI-driven automation. Manufacturing and financial sectors are also reducing workforce sizes, citing cost-cutting measures and increased reliance on digital tools.
Hiring freezes are becoming common as companies prioritize efficiency over growth, brace for potential recessionary pressures, and reassess their talent needs. This labor shift has created uncertainty for millions of professionals, especially in mid-level and support roles.
However, not all is bleak—industries like healthcare, clean energy, and AI remain resilient, with continued demand for specialized talent. Experts emphasize the importance of reskilling, adaptability, and digital proficiency in navigating this evolving job landscape. While challenging, this transition also presents new opportunities for workers ready to align with future-ready industries.
Major Layoffs and Hiring Freezes in 2025
TCS
* No. of Employees to be Laid off: 12,000* Industry: Technology* July 2025Tata Consultancy Services (TCS) has decided to stop recruitment of senior staff and freeze yearly salary increments across its global operations. This decision follows the company's recent announcement to reduce its over 6 lakh workforce by 2% - which is around 12,000 people who will be laid off.
Intel
* No. of Employees to be Laid off: 24,000* Industry: Technology* July 2025Intel to cut 24,000 jobs and halt major factory projects in strategic restructuring by the end of 2025. It is one of the most significant restructurings in the company’s history. The chip giant, which had 99,500 workers at the end of 2024, will reduce its workforce to 75,000 employees worldwide. The restructuring involves a complete scrapping of two significant expansion projects in Europe. This includes a delayed $16 billion ‘mega-fab’ project in Germany as well as an oversized assembly and testing facility in Poland. Intel is also scaling down in Costa Rica, shifting more than 2,000 jobs to Vietnam and Malaysia.
Bosch
* No. of Employees to be Laid off: 1,100* Industry: Automobile* July 2025German car parts maker Bosch will cut up to 1,100 jobs by 2029 and restructure its Reutlingen plant as a rapidly worsening auto market drives down sales. The company will focus the plant mainly on manufacturing semiconductors, as making electronic control units is no longer competitive.
Jaguar Land Rover
* No. of Employees to be Laid off: 500* Industry: Automobile* July 2025Jaguar Land Rover (JLR) is to cut up to 500 management jobs in the UK, as the carmaker faces pressure on sales and profits from US trade tariffs. JLR will launch a voluntary redundancy scheme, and the cuts were not expected to exceed 1.5% of its British workforce.
Serepta Therapeutics
* No. of Employees to be Laid off: 500
* Industry: Biotechnology
* July 2025
Sarepta Therapeutics would lay off 36% of its workforce, or about 500 employees, after the recent deaths of two patients who had received its gene therapy Elevidys. Elevidys, approved by the FDA in 2024 for ambulatory Duchenne muscular dystrophy patients aged four and older, is the only gene therapy available for the disease. It carries a known risk of liver damage and was conditionally approved for non-ambulatory patients despite failing to meet the main goal in a late-stage study.
Alaska Air
* No. of Employees to be Laid off: 252
* Industry: Aviation
* July 2025
Hawaiian Airlines began its third round of merger-related layoffs, issuing a WARN (Worker Adjustment and Retraining Notification) notice today, indicating that it plans to cut another 252 of its non-union jobs based in Honolulu. Hawaiian spokesperson Alex Da Silva told the Star-Advertiser that some of these reductions will take place around Sept. 18, the first anniversary of Alaska Air Group’s $1.9 billion acquisition of Hawaiian Holdings.
Indeed, and Glassdoor
* No. of Employees to be Laid off: 1,300
* Industry: Technology
* July 2025
Recruit Holdings, the Japanese parent company of job search platforms Indeed and Glassdoor, has laid off approximately 1,300 employees, or 6% of its HR Technology segment workforce. The cuts come as the company accelerates its investment in AI and prepares to consolidate operations between the two platforms.
Portland General Electric
* No. of Employees to be Laid off: 300
* Industry: Energy
* July 2025
Portland General Electric has laid off 53 full-time employees, resulting in a total reduction of 330 positions. A spokesperson for PGE provided KATU News with a statement that reads in part, “Yesterday, as part of Portland General Electric’s ongoing work to keep bills as low as possible, we made strategic staffing reductions that impacted 330 positions, including 53 full-time employees,123 contract worker positions, and closing 154 unfilled open positions.”
Microsoft
* No. of Employees to be Laid off: 9,000
* Industry: Technology
* July 2025
Microsoft is eliminating 9,000 roles—less than 4% of its workforce—as it realigns its operations to focus on AI and increased efficiency. “We continue to implement organizational changes necessary to best position the company and teams for success in a dynamic marketplace,” a Microsoft spokesperson said in an email. In January, it reduced headcount by less than 1% based on performance. Then in June, the software company slashed more than 6,000 jobs in May and then at least 300 more in June.
Clarks
Clarks slashes over 1,200 roles amid pre-tax loss, as revenues fell by nearly £100m in its latest financial year. The footwear company’s headcount dropped from 7,413 to 6,161 during the last year. Sales were also down from £994.5m in 2023 to £901.3m over the period.
Allianz
* No. of Employees to be Laid off: 650
* Industry: Insurance
* June 2025
Allianz will cut 650 UK insurance jobs by the end of 2025. The job cuts, subject to consultation, will span Allianz UK’s personal lines, commercial, specialty, and central functions
Intel
* No. of Employees to be Laid off: 10,000
* Industry: Technology
* June 2025
Struggling chip giant Intel plans to slash up to 20% of its global workforce, amounting to around 10,000 workers, despite receiving more than $2 billion in federal funding under former President Biden’s signature CHIPS Act. “These are difficult actions, but essential to meet our affordability challenges and the company’s current financial position. It drives pain to every individual,” Naga Chandrasekaran, Intel’s vice president of manufacturing, reportedly wrote in the memo sent to employees. The anticipated reductions are scheduled to begin in weeks and will reportedly affect Intel Foundry, the company’s internal manufacturing division specializing in producing semiconductors for external customers.
Blue Diamond Growers
* No. of Employees to be Laid off: 600
* Industry: Agriculture, Animal Husbandry & Forestry
* June 2025
Blue Diamond Growers, the Sacramento-based almond cooperative, plans to wind down operations at its historic midtown plant and transfer most manufacturing to sites in Turlock and Salida over the next two years.
Jetstar Asia
* No. of Employees to be Laid off: 500
* Industry: Aviation
* June 2025
Singapore-based budget airline Jetstar Asia will cease operations on July 31 due to a “strategic restructuring” by its parent company, Australian flag carrier Qantas. The closure will impact more than 500 employees.
Procter & Gamble (P&G)
* No. of Employees to be Laid off: 7,000
* Industry: Consumer Products
* June 2025
Procter & Gamble plans to eliminate approximately 7,000 non-manufacturing positions, impacting 15% of its white-collar workforce, over the next two fiscal years. The world’s largest consumer goods company also plans to exit some product categories and brands in certain markets, including some potential divestitures, as part of the broader two-year restructuring plan.
Petronas
* No. of Employees to be Laid off: 5,000
* Industry: Oil & Gas
* June 2025
Petronas, Malaysia’s state-owned oil and gas company, will cut about 10% of its workforce or 5000 jobs, in a firm-wide restructuring as it looks to reduce costs due to falling crude prices.
Hudson’s Bay
* No. of Employees to be Laid off: 8,300
* Industry: Retail
* May 2025
Canada’s Hudson’s Bay Company plans to lay off 8,347 employees, or 89% of its workforce. The company will conclude its liquidation sale and shut all stores. Hudson’s Bay, Canada’s oldest retail chain, has been part of the country’s landscape and identity for 355 years, anchoring malls from coast to coast.
The United Nations Secretariat
* No. of Employees to be Laid off: 6900
* Industry: Government
* May 2025
The United Nations Secretariat is preparing to cut its $3.7 billion budget by 20% and slash about 6,900 jobs.
Chiquita Brands
* No. of Employees to be Laid off: 5000
* Industry: Distribution
* May 2025
Banana giant Chiquita Brands has laid off over 5000 workers in Panama, who have been a part of nationwide protests against reforms to the social security system. Protest marches and occasional roadblocks have stretched from one end of the country to the other as teachers, construction workers, and other unions expressed their rejection of changes the government said were necessary to keep the social security system solvent.
Pemex
* No. of Employees to be Laid off: 3000
* Industry: Energy
* May 2025
Mexico’s Pemex, the world’s most indebted energy company, plans to lay off over 3,000 tenured employees and save up to around 10.5 billion pesos ($543.40 million). Angel Cid Munguia was taking over as head of the company’s exploration and production arm, following the surprise departure of Nestor Martinez.
Toronto Dominion Bank
* No. of Employees to be Laid off: 2000
* Industry: Banking
* May 2025
Toronto-Dominion Bank or TD Bank will cut about 2% of its workforce, or roughly 2,000 jobs, as part of a restructuring program. The move is part of a restructuring stemming from its historic settlement with U.S. regulators, which also bars the bank from expanding its stateside retail operations.
Walmart
* No. of Employees to be Laid off: 1500
* Industry: Retail & eCommerce
* May 2025
US retail chain Walmart lays off 1500 staff to ‘simplify’ its structure. The job cuts primarily impact the technology department. Walmart aims to streamline its operations and adapt to evolving technology demands.
Nissan
* No. of Employees to be Laid off: 11,000
* Industry: Transport
* May 2025
Japanese carmaker Nissan will cut another 11,000 jobs globally and shut seven factories as it shakes up the business in the face of weak sales. It brings the total number of layoffs announced by Japan’s third-biggest car maker last year to about 20,000, or 15% of its workforce.
Microsoft
* No. of Employees to be Laid off: 7000
* Industry: Technology
* May 2025
Microsoft is laying off 3% of its workforce, or roughly 7,000 employees, as the technology giant looks to rein in costs. The cuts will be across all levels and geographies, and are likely the largest since Microsoft laid off 10,000 employees in 2023
Burberry
* No. of Employees to be Laid off: 1,700
* Industry: Consumer Goods
* May 2025
Burberry plans to cut around 1,700 jobs globally to become more agile and combat the weak spending plaguing the luxury goods sector. It reported a loss of £3 million ($4 million) during its latest financial year. Revenue also fell sharply in the 12 months to March 29, the company said in its preliminary results. Like other high-end fashion brands, Burberry has grappled with a global slowdown in luxury spending in recent years, with its stock slumping 66% since an all-time high hit in April 2023.
Blusmart
* No. of Employees to be Laid off: 10,800
* Industry: Transport
* May 2025
BluSmart, an EV ride-hailing startup, has ceased operations, leaving around 10,000 drivers and 800 employees without jobs. The company’s services stopped after a notice on March 17, initially described as a routine audit, but never resumed. Drivers, dependent on the platform for income, are now struggling with basic expenses.
Telefonica
* No. of Employees to be Laid off: 4000
* Industry: Telecommunication
* May 2025
Spanish telecom company Telefonica is considering cutting about 4,000 to 5,000 jobs to reduce its structural costs and improve efficiency, news website El Confidencial reported on Monday, citing unnamed financial sources. The company cut about 3,400 jobs last year, which would reduce its costs by 285 million euros per year from 2025.
PwC
* No. of Employees to be Laid off: 1,500
* Industry: Financial Services
* May 2025
Big Four accounting firm PwC is laying off about 1,500 employees in the United States. The workforce reduction equates to approximately 2% of our U.S. firm.
Crowdstrike
* No. of Employees to be Laid off: 500
* Industry: Technology
* May 2025
Cybersecurity giant CrowdStrike said on Wednesday that it would lay off 5% of its global workforce, which amounts to about 500 workers. In an 8-K filing, CrowdStrike said the layoffs were part of a “a strategic plan (the ‘Plan’) to evolve its operations to yield greater efficiencies as the Company continues to scale its business with focus and discipline to meet its goal of $10 billion in ending [Annual Recurring Revenue].”
United Parcel Service (UPS)
* No. of Employees to be Laid off: 20,000
* Industry: Delivery Services
* April 2025
UPS plans to cut 20,000 jobs this year, as part of its cost-cutting effort linked to the delivery giant’s decision to deliver fewer packages from Amazon, its biggest customer. The shipping company operates in over 200 countries and currently has around 490,000 employees. The layoffs will impact slightly over 4% of its workforce.
Volkswagen
* No. of Employees to be Laid off: 7,000
* Industry: Automobile
* April 2025
Volkswagen has cut headcount in Germany by around 7,000 since starting its cost-cutting drive in late 2023 and reduced factory costs at the key VW brand.
Moët Hennessy
* No. of Employees to be Laid off: 1200
* Industry: Consumer Products
* April 2025
LVMH group’s wine and spirits business, Moet Hennessy, will reduce its workforce by more than 10%, about 1,200 employees, according to an internal video message from the division’s CEO, Jean-Jacques Guiony.
Oman Air
* No. of Employees to be Laid off: 1000
* Industry: Aviation
* April 2025
Oman Air has cut around 1,000 jobs to improve efficiency and achieve financial stability. Previously, the airline employed 4,300 people, bringing the new headcount down to 3,300 people.
The United States Cellular Corp.
* No. of Employees to be Laid off: 4100
* Industry: Telecommunication
* April 2025
UScellular has notified regulators of plans to lay off more than 4,000 jobs across the US. The layoffs are a part of the company’s deal to sell its wireline operations to T-Mobile. The regional mobile carrier agreed to sell approximately 30 percent of its wireless spectrum to T-Mobile last year for $4.4 billion.
STMicroelectronics
* No. of Employees to be Laid off: 2800
* Industry: Manufacturing
* April 2025
STMicroelectronics plans to cut nearly 3,000 jobs through 2027 as the European chip maker seeks to revamp its fortunes after months of lackluster sales. The company will offer voluntary measures, meaning that employees, particularly those nearing retirement, will be offered an incentive to leave. Negotiations with employees’ representatives will also take place.
Jeanswest
* No. of Employees to be Laid off: 600
* Industry: E-Commerce, Retail
* March 2025
Clothing retailer Jeanswest has collapsed, with more than 90 stores set to close within months and hundreds of employees set to lose their jobs. “The owners have done everything they can to keep Jeanswest going,” administrator Lindsay Bainbridge said in a statement. All stock at Jeanswest stores is expected to go on sale shortly, Mr Bainbridge said, with the retailer currently promoting a mid-season sale.
Block
* No. of Employees to be Laid off: 1000
* Industry: Technology
* March 2025
Block has laid off 931 workers, which make up around eight percent of its entire staff. The publications have viewed an email, wherein the financial technology company’s co-founder and CEO, Jack Dorsey, has discussed the latest organizational changes. Dorsey said that Block is eliminating roles based on three areas, starting with strategy. The company is letting 391 people go, because it’s reducing “teams that are off strategy.” It’s also parting ways with 460 workers who scored a “below” rating or are trending towards a “below” rating in its internal performance tracking metrics.
Morrisons
* No. of Employees to be Laid off: 365
* Industry: Retail
* March 2025
Morrisons plans to shut down 17 convenience stores, 52 cafes and over a hundred other in-store services. The supermarket chain also plans to cut 18 market kitchens, 13 florists, 35 meat counters, 35 fish counters and four pharmacies in the next few months. The changes put 396 Morrisons employees at risk of redundancy, the company has said.
Audi
* No. of Employees to be Laid off: 7,500
* Industry: Automobile
* March 2025
Audi, the luxury vehicle manufacturer under Volkswagen AG, plans to lay off around 7,5000 employees in Germany by 2029. These job cuts will be in areas like administration and development, as per Reuters report
Siemens
* No. of Employees to be Laid off: 5600
* Industry: Conglomerate
* March 2025
Siemens will cut 5,600 jobs at its Digital Industries business. This will be the latest blow for German industry shaken by weak demand at home and abroad. The job cuts amount to a little more than 8% of the 68,000 people employed in Digital Industries globally and comes as Siemens adjusts its production capacity in line with weak market conditions in Germany and China.
Morgan Stanley
* No. of Employees to be Laid off: 2,000
* Industry: Financial Services
* March 2025
Morgan Stanley plans to cut 2,000 jobs as part of a workforce restructuring. This move aims to improve operational efficiency and adapt to changes, including increased automation.
USPS
* No. of Employees to be Laid off: 10,000
* Industry: Logistics & Supply Chain
* March 2025
Postmaster General Louis DeJoy told Congress in a letter Thursday that the USPS aims to eliminate 10,000 jobs using a voluntary early retirement program over the next 30 days to reduce costs at the financially strapped U.S. Postal Service. The USPS employs roughly 635,000 people.
Johns Hopkins University
* No. of Employees to be Laid off: 2000
* Industry: Education
* March 2025
Johns Hopkins University will cut more than 2,000 jobs after it lost $800 million in funding from the US Agency for International Development amid the Trump administration’s effort to downsize the federal government significantly. Most layoffs will be at the top research university, impacting its international employees.
Chewy
* No. of Employees to be Laid off: 650
* Industry: Consumer Products, E-commerce
* March 2025
The online pet supply retailer Chewy is set to lay off more than 650 jobs at its Dallas location. Chewy plans to continue operating online, though it “will remain open in a substantially reduced capacity.” The company that opened its 663,000-square-foot fulfillment center in 2017 has other fulfillment centers across the company.
DHL
* No. of Employees to be Laid off: 8000
* Industry: Logistics & Supply Chain
* March 2025
DHL plans to cut 8,000 jobs in Germany this year, which is the biggest staff reduction programme in its home market in at least two decades. The cuts are in response to falling letter volumes and what it says is overly strict regulation. CEO Tobias Meyer said that despite raising letter postage prices, it wasn’t enough due to limits set by German regulators.
Goldman Sachs
* No. of Employees to be Laid off: 1395
* Industry: Financial Services
* March 2025
Goldman Sachs plans to cut its staff by 3% to 5% in an annual performance review process this spring. That would equal more than 1,395 job cuts from the bank’s global workforce of 46,500 as od December 2024.
JioStar
* No. of Employees to be Laid off: 110
* Industry: Media & Entertainment
* March 2025
JioStar, India’s largest media conglomerate formed through the merger of Reliance Industries’ Viacom18 and Disney Star India, plans to lay off over 1,100 employees. The cuts are a part of a restructuring effort to streamline operations and eliminate overlapping roles in the newly formed joint venture.
Ola Electric
* No. of Employees to be Laid off: 1000
* Industry: Automobile
* March 2025
Ola Electric, an electric two-wheeler maker, plans to lay off around 1,000 employees in the sales, distribution, and marketing departments. According to a Bloomberg report, the company has decided to cut jobs to increase its profits.
Starbucks
* No. of Employees to be Laid off: 1100
* Industry: Restaurant & Food Service
* February 2025
Starbucks will lay off 1,100 corporate employees, and the cuts will not affect cafe staff. CEO Brian Niccol aims to streamline the company’s operations, as he tries to turn the business around after four straight quarters of same-store sales declines.
Hewlett Packard
* No. of Employees to be Laid off: 2000
* Industry: Technology
* February 2025
As per the SEC filing, HP is laying off up to 2,000 people of its 58,000-person global workforce. The filing reads, “HP expects incremental gross workforce reductions of approximately 1,000 to 2,000 employees. The changes to the workforce will vary by country, based on local legal requirements and consultations with employee works councils and other employee representatives, as appropriate.”
Saks Global
* No. of Employees to be Laid off: 5% of Corporate Workforce
* Industry: Retail
* February 2025
Saks Global plans to lay off approximately 5% of its US corporate workforce. This decision came after the department store had integrated its recent acquisition, Neiman Marcus. The job cuts will impact employees across various departments, including finance, legal, and operations.
Chevron
* No. of Employees to be Laid off: 8000
* Industry: Automobile
* February 2025
Chevron will lay off 8,000 employees, or 15% to 20% of its global workforce, by the end of 2026 as it seeks to cut costs, simplify its business, and complete a major acquisition.
Commerzbank
* No. of Employees to be Laid off: 3900
* Industry: Banking
* February 2025
Commerzbank is planning to lay off 3,900 employees as part of its restructuring efforts. This strategic move aims to enhance efficiency and profitability amid a potential takeover bid from Italy’s UniCredit.
Porsche
* No. of Employees to be Laid off: 1900
* Industry: Automobile
* February 2025
Porsche plans to red
Salesforce
* No. of Employees to be Laid off: 1,000
* Industry: Technology
* February 2025
Salesforce plans to layoff more than 1,000 employees. Displaced workers will be able to apply for other jobs internally. A representative of San Francisco-based Salesforce declined to comment. It couldn’t be determined which divisions the reductions were focused on.
Dow
* No. of Employees to be Laid off: 1500
* Industry: Chemicals & Fertilizers
* January 2025
Dow Inc. plans to reduce its global workforce by approximately 1,500 positions, representing about 4% of its employees, as part of a broader strategy to cut costs by $1 billion.
Mosaic Brands
* No. of Employees to be Laid off: 900
* Industry: Retail
* January 2025
Mosaic Brands, a prominent Australian fashion retail group, is closing its remaining Millers and Noni B stores after unsuccessful attempts to find buyers for these brands. This will result in the shutdown of 252 stores, including 11 in New Zealand, and will impact about 933 employees.
Tesco
* No. of Employees to be Laid off: 400
* Industry: Retail
* January 2025
Tesco, the UK’s largest supermarket chain, has announced plans to cut approximately 400 jobs as part of its strategy to “simplify” operations amid an increasingly competitive grocery market.
Sainsbury’s
* No. of Employees to be Laid off: 3000
* Industry: Retail
* January 2025
Sainsbury’s plans to cut 3,000 jobs as it shuts down its remaining cafés and closes its patisserie and pizza counters. The supermarket will “simplify the business”, adding that most Sainsbury’s shoppers “do not use the cafés regularly”. It also plans to make a 20% reduction in senior management roles, in a challenging cost environment.
Amazon
* No. of Employees to be Laid off: 1700
* Industry: Retail
* January 2025
Amazon will close its facilities in Quebec and cut nearly 2,000 jobs, 1,700 of which are permanent positions. The company will outsource deliveries to smaller contractors.
Bridgestone Americas
* No. of Employees to be Laid off: 700
* Industry: Automobile
* January 2025
Bridgestone Americas plans to shutter its La Vergne tire plant later this year, which will leave 700 workers based in Rutherford County without jobs. The U.S. arm of Japanese manufacturing giant Bridgestone Corporation explained the decision on Thursday as part of a plan to “optimize its business footprint” and strengthen competitiveness in the automotive parts industry.
BP
* No. of Employees to be Laid off: 7,700
* Industry: Energy & Utilities
* January 2025
BP will cut over 5% of its global workforce, impacting around 4,700 employees and 3,000 contractor positions. “We have got more we need to do through this year, next year and beyond, but we are making strong progress as we position BP to grow as a simpler, more focused, higher-value company,” Auchincloss said in the memo.
Meta
* No. of Employees to be Laid off: 3600
* Industry: Technology
* January 2025
Meta plans to reduce its workforce by approximately 5%, targeting its lowest-performing employees.In a memo shared on the company’s internal Workplace forum, CEO Mark Zuckerberg announced the decision to “move out low performers faster.” He also indicated that 2025 will be “an intense year” for the company.
Gazprom
* No. of Employees to be Laid off: 4,100
* Industry: Energy & Utilities
* January 2025
Gazprom, Russia’s state oil conglomerate, is set to lay off 1,600 out of 4,100 staff in its St. Petersburg central office.
Renesas
* No. of Employees to be Laid off: 1000
* Industry: Manufacturing
* January 2025
Renesas, the Japanese chipmaker, will lay off less than 5% of its global workforce, or 1000 employees, amid sluggish demand for its chips. The company whose customers include automakers Toyota and Nissan has also cancelled salary increases including for executives planned for this spring.
Wayfair
* No. of Employees to be Laid off: 1000
* Industry: Retail
* January 2025
Wayfair is ending operations in Germany, effective immediately. The restructuring will impact around 730 employees. However, the company expects to relocate half of these positions to other corporate offices.
Renesas Electronics
* No. of Employees to be Laid off: 1000
* Industry: Manufacturing
* January 2025
The Japanese company Renesas Electronics, which produces chips, plans to reduce its workforce by less than 5%, or around 1000 employees. The layoffs are due to the company’s challenges, including a decrease in demand for its chips.
Gazprom
* No. of Employees to be Laid off: 1600
* Industry: Energy & Utilities
* January 2025
Gazprom, Russia’s state oil conglomerate, will lay off 1,600 out of 4,100 staff in its St. Petersburg central office.
BlackRock
* No. of Employees to be Laid off: 1% of Workforce
* Industry: Financial Services
* January 2025
BlackRock is cutting roughly 1 percent of its workforce after it committed more than US$25 billion (S$34 billion) for acquisitions in 2024 to expand its reach in private market assets and data. The cuts are part of BlackRock’s efforts to align its resources with its strategy.
Colibrium Additive
* No. of Employees to be Laid off: 48% of its Workforce
* Industry: Manufacturing
* January 2025
GE-owned Colibrium Additive, an American manufacturer of industrial metal 3D printers utilizing PBF (formerly Concept Laser), EBM (formerly Arcam), and BinderJetting technologies, experienced significant losses in 2024 and is now planning to lay off between 40% and 48% of its workforce in Germany.
Tenneco
* No. of Employees to be Laid off: 140
* Industry: Automotive Manufacturing
* January 2025
Tenneco, an international vehicle parts manufacturer, is laying off 140 employees at its El Paso plant as part of its global downsizing.
