Overview

• Major US tech firms have announced over 61,000 job cuts in 2025 alone
• Microsoft initiated a third round of layoffs in June after cutting more than 6,000 roles in May, targeting its sales division and customer-facing teams
• Intel plans to cut 15% to 20% of its Intel Foundry division starting in July, a move that could affect over 10,000 employees worldwide
• Amazon has eliminated approximately 14,000 corporate positions this year and its CEO warns that generative AI integration will drive further workforce reductions
• Other companies including Meta, CrowdStrike, Block and Walmart have also pared staff to boost AI efficiency and reduce operating costs