Major US Companies Announce Job Cuts for 2025

Major global companies, including Microsoft, BlackRock, and Ally Financial, are set to continue workforce reductions into 2025, following a trend of significant layoffs across various sectors over the past two years. A report by the World Economic Forum indicates that 41% of firms are expected to trim their staff due to advancements in artificial intelligence (AI), which could displace up to 92 million jobs by 2030, while also creating 170 million new roles. BlackRock plans to cut approximately 200 jobs while simultaneously hiring 5,750 new employees between 2024 and 2025, aiming to realign resources with strategic goals. Similarly, Microsoft is expected to focus on reducing its workforce by letting go of underperforming employees across departments. Other companies, including Bridgewater Associates and The Washington Post, are also implementing job cuts as part of cost management strategies. The ongoing transitions underscore the impact of AI and the necessity for companies to adapt to evolving market demands.