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Tech layoffs hit 100,000+ in 2025: Intel, Microsoft, Meta and these tech companies cut thousands of jobs; Here's the complete list

Tech layoffs hit 100,000+ in 2025: Intel, Microsoft, Meta and these tech companies cut thousands of jobs; Here's the complete list

Time of India22-06-2025

The technology sector's brutal workforce reduction continues into 2025, with industry giants Intel, Microsoft, Panasonic,
Google
, and
Amazon
leading a wave of layoffs that has already eliminated more than 62,000 jobs in the first half of the year. From semiconductor manufacturers to social media platforms, major tech companies are restructuring operations amid economic uncertainty and shifting business priorities, leaving tens of thousands of workers searching for new opportunities in an increasingly competitive market.
The layoffs span across all sectors of technology, affecting everyone from established hardware manufacturers like Intel planning to cut up to 21,700 positions to fintech companies like Block eliminating nearly 1,000 workers, streaming platforms downsizing staff, and even space companies like Blue Origin cutting over 1,000 employees. With artificial intelligence reshaping business models and companies focusing on operational efficiency, the human cost of technological transformation has become starkly apparent as some of the world's most valuable companies simultaneously invest billions in AI while eliminating traditional roles.
Intel plans 21,000+ job cuts in largest tech layoff in its history
Intel announced the most devastating single layoff in the tech industry for 2025, planning to eliminate more than 21,000 employees, representing roughly 20% of its total workforce. The semiconductor giant's cuts come ahead of its Q1 earnings call under newly appointed CEO Lip-Bu Tan, who took over from longtime chief Pat Gelsinger. Additionally, Intel plans to lay off 15% to 20% of workers in its Intel Foundry division starting in July, affecting the unit that designs, manufactures, and packages semiconductors for external clients. With Intel's total workforce at 108,900 people as of December 2024, these combined reductions represent one of the largest single-company layoffs in tech history.
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Panasonic cuts 10,000 positions in global restructuring
Japanese electronics giant Panasonic announced it would cut 10,000 jobs, affecting approximately 4% of its total workforce as part of a comprehensive restructuring plan. CEO Yuki Kusumi said the cuts are designed to better prepare the century-old company for future decades, with 5,000 job losses expected in Japan and another 5,000 overseas. The company is trimming operations in non-growth areas such as televisions and industrial products to concentrate on emerging technologies, including artificial intelligence. Kusumi addressed the severity of the decision during an earnings call, stating he was "truly sorry" but emphasized that drastic cost structure cuts were necessary for the company to pursue growth.
Microsoft continues multi-phase layoff with 6,500+ job cuts
Microsoft implemented a multi-phase layoff strategy throughout 2025, first cutting over 6,500 jobs in May, affecting approximately 3% of its global workforce of 228,000 employees. The Seattle-headquartered company followed this with additional layoffs affecting software engineers, product managers, technical program managers, marketers, and legal counsels. The May cuts represent one of Microsoft's biggest layoffs since it eliminated 10,000 employees in 2023, and the company is reportedly contemplating further reductions that could happen through additional phases, with discussions about reducing middle managers and non-coding staff to increase the ratio of programmers to product managers.
Meta targets "low performers" in 5% workforce reduction
Meta announced it would cut 5% of its staff, targeting what CEO Mark Zuckerberg described as "low performers" as the company prepares for "an intense year." With more than 72,000 employees as of its latest quarterly report, the social media giant's cuts affect approximately 3,600 workers. The layoffs began in February and hit teams overseeing Facebook, the Horizon virtual reality platform, and logistics operations hardest. Meta also conducted additional layoffs in April, eliminating over 100 employees in its Reality Labs division, which manages virtual reality and wearable technology development for Meta's Quest headsets.
HP implements 2,000 job cuts under "future now" restructuring
HP announced it would eliminate up to 2,000 jobs as part of its "Future Now" restructuring plan designed to save the company $300 million before the end of its fiscal year. The cuts represent a significant portion of the computer and printer manufacturer's workforce as the company seeks to streamline operations and reduce costs. The restructuring comes as HP faces ongoing challenges in the traditional PC and printing markets, with the company pivoting toward more profitable business segments and operational efficiency improvements.
Google conducts multiple layoff rounds across key divisions
Google implemented several rounds of layoffs throughout 2025, cutting hundreds of employees across multiple divisions. The search giant eliminated 200 workers in its global business unit, which handles partnerships and sales, while also laying off hundreds of employees in its platforms and devices division covering Android, Pixel phones, and the Chrome browser. Additional cuts affected the People Operations and cloud organizations teams as part of a broader reorganization effort. Google offered a voluntary exit program to U.S.-based People Operations employees while restructuring to "drive greater collaboration and expand our ability to quickly and effectively serve customers."
Amazon continues strategic workforce reductions across multiple divisions
Amazon conducted layoffs across multiple divisions, including approximately 100 employees from its devices and services division, which encompasses the Alexa voice assistant, Echo smart speakers, Ring video doorbells, and Zoox robotaxis businesses. The e-commerce giant also laid off dozens of workers in its communications department to help the company "move faster, increase ownership, strengthen culture, and bring teams closer to customers." These cuts are part of Amazon's broader cost-reduction strategy, having reduced its workforce by approximately 27,000 employees since the start of 2022.
Blue Origin cuts 10% of workforce in space industry shakeup
Jeff Bezos's space company Blue Origin laid off about 10% of its workforce, affecting more than 1,000 employees in what represents a significant reduction in the commercial space industry. CEO David Limp said the company's priority was "to scale manufacturing output and launch cadence with speed, decisiveness and efficiency for customers." The layoffs particularly targeted roles in engineering, research and development, and management positions. Limp acknowledged that rapid growth in recent years had created "more bureaucracy and less focus than needed," necessitating organizational changes to align with execution priorities.
Salesforce eliminates over 1,000 positions despite strong performance
Cloud-based customer management software company Salesforce cut more than 1,000 jobs from its nearly 73,000-strong workforce, despite reporting strong financial performance during its third-quarter earnings. The cuts come as the company actively recruits and hires workers to sell new AI products, indicating a strategic shift rather than financial distress. Affected employees are eligible to apply for open internal roles, particularly in sales positions focused on Salesforce's artificial intelligence-powered products.
Workday reduces workforce by 8.5% in AI-focused restructuring
Human resources software company Workday cut 8.5% of its workforce, eliminating around 1,750 employees as part of a strategic focus on artificial intelligence development. CEO Carl Eschenbach said the company would concentrate hiring in AI-related areas while expanding its global presence. The layoffs came with severance packages of at least 12 weeks of pay for affected employees. Eschenbach emphasized that "the environment we're operating in today demands a new approach, particularly given our size and scale."
Nissan plans 20,000 job cuts
Japanese automaker Nissan announced the most severe cuts in the automotive sector, planning to eliminate 20,000 jobs by 2027 while reducing its factory operations from 17 to 10 facilities. The job losses include 9,000 layoffs announced late last year and come as the automaker faces challenges from US tariffs on imported vehicles and collapsing sales in China. Nissan reported a net loss of 671 billion yen ($4.5 billion) for the 2024 financial year and declined to issue an operating profit forecast for 2025 due to tariff uncertainty.
Block eliminates nearly 1,000 workers
Jack Dorsey's fintech company Block laid off nearly 1,000 employees in its second major workforce reduction in just over a year. The company, which operates Square, Afterpay, CashApp, and Tidal, eliminated 931 positions representing around 8% of its workforce. The restructuring involved transitioning nearly 200 managers into non-management roles and closing almost 800 open positions. Dorsey announced the layoffs in an internal email titled "smaller block," emphasizing that the changes were not driven by financial targets or AI replacements but were part of streamlining operations.
Cruise shuts down operations with 50% workforce elimination
General Motors' autonomous vehicle subsidiary Cruise laid off 50% of its workforce as it prepared to shut down operations entirely. The cuts included CEO Marc Whitten and several other top executives, with the remaining portions of the company moving under General Motors' direct control. The dramatic reduction represents one of the most significant failures in the autonomous vehicle sector, eliminating hundreds of jobs as the company ceased its independent operations.
Starbucks cuts 1,100 corporate employees in restructuring
Coffee giant Starbucks eliminated 1,100 corporate employees as part of a comprehensive restructuring effort led by CEO Brian Niccol. The layoffs specifically targeted corporate staff and did not affect employees working in Starbucks stores. Niccol stated in a memo that the cuts would help Starbucks "operate more efficiently, increase accountability, reduce complexity and drive better integration." The company implemented the layoffs to improve results after sales declined in the previous year.
CrowdStrike reduces global workforce by 500 employees
Cybersecurity company CrowdStrike cut approximately 500 jobs, representing 5% of its global workforce of just over 10,000 employees. CEO George Kurtz said the Austin, Texas-based company's job cuts would position it "to move faster, operate more efficiently, and continue cybersecurity leadership." The layoffs came as CrowdStrike works to recover from a major software bug that temporarily disabled millions of Windows PCs worldwide, costing the company between $36 million and $53 million in restructuring expenses.
Match group eliminates 13% of staff amid dating app struggles
Match Group, owner of Tinder and Hinge, announced it would cut 13% of its approximately 2,500 full-time workers, eliminating around 325 positions. New CEO Spencer Rascoff implemented the cuts while addressing challenges in the dating app market, particularly with younger generations souring on dating platforms. The restructuring aims to remove one out of every five managers and focus on "product velocity" to drive growth, with Rascoff acknowledging that apps "have felt like a numbers game rather than a place to build real connections."
Automattic cuts 16% of workforce affecting Tumblr and WordPress operations
Automattic, the parent company of Tumblr and WordPress, eliminated 16% of its nearly 1,500-person global workforce. CEO Matt Mullenweg said the company had reached an "important crossroads" with revenue growth occurring in a highly competitive market where "technology is evolving at unprecedented levels." The restructuring aimed to improve "productivity, profitability, and capacity to invest" while the company offered severance and job placement resources to affected employees.
Porsche plans 3,900 job reductions over multi-year period
German luxury automaker Porsche announced plans to cut 3,900 jobs over the coming years as part of efficiency improvements. About 2,000 of the reductions will come from the expiration of fixed-term contractor positions, while the company will make the remaining 1,900 cuts by 2029 through natural attrition and limited hiring. Porsche said the changes would "make Porsche even more efficient in the medium and long term" while discussing additional potential changes with labor leaders.
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Amid US' rising debt, falling treasury-bill appeal, should you shift investment focus to RBI-issued Indian government bonds?
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Amid US' rising debt, falling treasury-bill appeal, should you shift investment focus to RBI-issued Indian government bonds?

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India looks east to this new ally to ease China's grip on EV batteries
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India looks east to this new ally to ease China's grip on EV batteries

With a globally dominant China tightening controls on exports of some critical minerals used in manufacturing of electric vehicles (EVs), Indian and Japanese companies are huddling in Delhi this week to figure a way out of the supply-chain logjam, according to two people aware of the matter. More than a dozen major Japanese players from the EV battery and critical mineral supply chain, including Panasonic, Mitsubishi Chemicals, Sumitomo Metals and Mining, Asahi Kasei and Nichia, among others, are currently in India to explore partnerships with Indian companies. All these companies are part of Japan's industry body, Battery Association of Supply Chain (BASC). From the Indian side, businesses 'like Amara Raja and Reliance are participating in discussions with the Japanese industry", one of the persons mentioned above said on condition of anonymity. The talks are expected to focus on developing a diversified supply chain for lithium-ion batteries used in EVs and energy storage systems, as well as for critical minerals like lithium and graphite, with discussions likely to explore technological collaboration and joint R&D to counter China's dominance across these markets. Mintcould not independently verify the full list of Japanese and Indian companies who will be part of discussions. Queries sent to the Japanese and Indian firms remained unanswered till press time. For Indian companies, the need to collaborate with other countries has become important as they struggle to source rare earth magnets from China, which controls 90% of their global supply and imposed restrictions on their exports this April. Alongside, several estimates peg China's global market share in lithium battery production at around 80%, while Japan is estimated to have about 10% share. Experts, though, are sceptical. Srihari Mulgund, partner at consultancy EY-Parthenon, said Indian players have to look for technology transfer and invest jointly in efforts to localise the battery technology. But partnerships with Japanese companies can only offer limited benefits, he argued. 'Collaborations with Japanese players in the EV battery and critical mineral chain offer limited scope because of the fact that China controls most of the value chain," Mulgund said. 'Mining, refining, and processing are dominated by China. Japanese players can help with battery material and technology, but their work has been more substantial on the hybrid front." In 2021, around 55 companies in Japan came together to form the BASC to strengthen the domestic industry's competitiveness in the battery supply chain. While the total number of members in the grouping isn't available, some publicly reported numbers keep it around 150 companies. Other major names include Nissan Motor Co and Toyotsu Lithium Corporation. The background Currently, Indian EV companies import more than three-fourths of their batteries from China, specifically from firms such as BYD, CATL, and EVE. Other countries that supply batteries include South Korea and Japan. While Indian companies are building their own battery factories that are likely to go live between this fiscal and FY27, they are worried about the ability to match prices of cheaper Chinese batteries as domestic players are currently fully reliant on imports of key raw material lithium. 'I think everybody would have observed that the pricing coming out of China right now is quite aggressive," Vikramadithya Gourineni, executive director for new energy business at Amara Raja Energy, told analysts in an earnings call on 30 May. 'The cell pricing, the energy storage system (ESS) pricing. So definitely, that's been on a downward trend." According to an industry executive working on EV cells, India-made batteries from domestic companies such as Amara Raja, Exide Industries, and Ola Electricare expected to be 20-30% costlier than Chinese counterparts who don't have to rely significantly on imports for sourcing key raw materials. The country's government has set a target of achieving 100GWh of lithium-ion battery capacity that can feed the surge in EV sales, which touched nearly 2 million in 2024, growing at 27% over 2023, data from Vahan portal showed. In 2021, the government announced a ₹18,100-crore production linked incentive (PLI) scheme for building battery capacity. Ola Electric, Reliance Industries and Rajesh Exports are among the firms that received a nod from the government to build the gigafactories. However, none of them has so far managed to achieve the required milestones under the scheme and are behind their schedule of commercial production. They face a possible fine from the government but the companies have cited issues with sourcing raw materials and required technology to progress at the previously stated pace. Other firms like Amara Raja, Exide Industries, and Tata Group's Agratas are also building their own lithium-ion plants. Sajjan Jindal's JSW Group, too, had previously expressed interest in making an EV battery plant.

Asian Banks Fuel More Than $2 Billion Loan Boom in Middle East
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