As 2025 began, economic headwinds and strategic shifts led to widespread workforce reductions across multiple industries. This report outlines the job cuts sector by sector, with company-level breakdowns showing the scale and context of each move.
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All data sourced from LevelFields AI and verified through public filings and news reports.

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Industrials

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Total Layoffs in Industrials: 7,176 employees

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The Industrials sector posted the highest number of layoffs in Q1.

• Siemens Layoffs: Cut 5,600 jobs from its Digital Industries division (~8% of that unit).
  
  
• ArcelorMittal Layoffs: Laid off 630 employees in France (up to 1,400 across Europe, ~0.5% globally).
  
  
• Bridgestone Layoffs: Reduced 546 jobs in Spain (~19.5% of its Spanish unit).
  
  
• Boeing Layoffs: Cut 400 jobs from its Space Launch System program (~0.23% of total workforce).
  
  

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Consumer Cyclical
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Total Layoffs in Consumer Cyclical: 4,430 employees

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The sector saw restructuring among retailers and product companies.

• Sainsbury’s Layoffs: 3,000 jobs cut (~2.0% of total workforce).
  
  
• Wayfair Layoffs: 730 jobs cut (~5.4% of workforce).
  
  
• Adidas Layoffs: 500 job cuts (~0.8% globally).
  
  
• Kohl’s Layoffs: About 200 jobs cut (~10% of corporate HQ staff, 0.2% overall).
  
  

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Energy
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Total Layoffs in Energy: 16,700 employees

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Major oil and energy firms slashed staff in response to cost pressures.

• Chevron Layoffs: Cut ~9,000 jobs (up to 20% of global workforce).
  
  
• BP Layoffs: Cut 7,700 jobs (~5% globally, including 3,000 contractors).
  
  

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Technology

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Total Layoffs in Technology: 18,945 employees

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A wide range of tech companies trimmed staff to focus on core operations and AI investments.

• Microsoft Layoffs: ~6,000 jobs cut (~2.6% of workforce).
  
  
• Meta Layoffs: ~3,600 job cuts (~5% of workforce).
  
  
• Workday Layoffs: 1,750 job cuts (~8.5%).
  
  
• Autodesk Layoffs: 1,350 job cuts (~8.8%).
  
  
• Salesforce Layoffs: 1,000 job cuts (~1.3%).
  
  
• Block Inc. Layoffs: 1,000 job cuts (~8.8%).
  
  
• LiveRamp Layoffs: 65 job cuts (~5%).
  
  
• Okta: 180 job cuts (~3%).
  
  

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Financial Services

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Total Layoffs in Financial Services: ~4,700 employees

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Large financial institutions made targeted reductions amid strategic restructuring.

• HSBC Layoffs: Up to 8% workforce cut (total number not confirmed; thousands expected).
  
  
• Goldman Sachs Layoffs: Between 1,400 and 2,300 jobs cut (~3%–5% of workforce).
  
  
• JPMorgan Chase Layoffs: ~1,000 jobs cut (~0.3%).
  
  

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Healthcare

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Total Layoffs in Healthcare: ~453 employees

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The biotech sector, in particular, saw aggressive headcount reductions due to funding constraints.

• Repare Therapeutics Layoffs: 134 job cuts (75% of workforce).
  
  
• Allakos Layoffs: ~45 job cuts (75%).
  
  
• Ironwood Pharmaceuticals Layoffs: 126 job cuts (50%).
  
  
• Intellia Therapeutics Layoffs: 110 job cuts (27%).
  
  
• BioAtla Layoffs: ~18 job cuts (30%).
  
  
• Pyxis Oncology Layoffs: ~9 job cuts (20%).
  
  
• Cassava Sciences Layoffs: 10 job cuts (33%).
  
  

Communication Services

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Total Layoffs in Communication Services: ~900 employees

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Media and telecoms made moderate cuts, often focused on restructuring.

• CNN (Warner Bros. Discovery) Layoffs: ~200 job cuts (~6% of CNN staff).
  
  
• Tele2 AB Layoffs: ~600–700 jobs cut (~15% of workforce).
  
  

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Consumer Defensive

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Total Layoffs in Consumer Defensive: ~6,400 employees

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Luxury and personal goods saw notable workforce reductions.

• Estée Lauder Layoffs: Between 5,800 and 7,000 jobs cut (~9–11% of global workforce).
  
  

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Real Estate

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Total Layoffs in Real Estate: 450 employees

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• Redfin Layoffs: 450 job cuts (~9.4% of workforce), largely from its rentals division.
  
  

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Basic Materials

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Total Layoffs in Basic Materials: ~50 employees

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• Compass Minerals Layoffs: ~50 corporate staff laid off (~2.8% of total workforce).

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Across the 33 companies analyzed, Q1 2025 brought over 60,000 confirmed layoffs, with the most severe workforce reductions occurring in the Technology, Energy, and Industrials sectors. These cuts reflect ongoing adaptation to automation, shifting demand, and macroeconomic constraints.
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Source: LevelFields AI — Real-time corporate events and market-moving alerts.

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Q1 2025 saw over 60,000 confirmed layoffs across major global companies, with Technology, Energy, and Industrials experiencing the steepest cuts. While some reductions were tied to declining demand and restructuring, many tech layoffs were driven by shifts toward AI and automation. These changes highlight a broader transformation in the global labor market, as companies adapt to economic pressure and evolving strategic priorities.

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Sectors like healthcare and financial services saw more targeted reductions, while consumer-facing businesses reacted to cost concerns and weak retail trends. As 2025 continues, labor volatility may persist—especially in industries embracing operational efficiency and automation.