Layoffs 2025: Amazon, Intel, Morgan Stanley Among Companies Cutting Jobs This Year
Mar 19, 2025 - ndtvprofit.com
In 2025, several major companies, including Amazon, Intel, Morgan Stanley, and Goldman Sachs, are planning significant layoffs as they aim to cut costs and streamline operations. Amazon is set to eliminate approximately 14,000 managerial positions to save $3 billion annually, aligning with CEO Andy Jassy's strategy to increase the ratio of individual contributors to managers. Morgan Stanley plans to cut about 2,000 jobs, marking a 3% reduction of its workforce, while Goldman Sachs is expected to eliminate 3-5% of its workforce following annual performance reviews. Intel's incoming CEO, Lip-Bu Tan, is considering layoffs as part of an AI strategy overhaul, following a $19 billion loss in 2024.
Other companies also facing layoffs include Bank of America, which recently cut about 150 junior banker roles, and Workday Inc., planning to reduce 8.5% of its workforce, affecting around 1,700 employees. Salesforce announced over 1,000 job cuts in its first mass layoff of 2025. These layoffs are part of a broader trend of companies reducing their workforces amid economic uncertainties and the increasing influence of artificial intelligence.
Key takeaways:
Amazon plans to eliminate approximately 14,000 managerial positions to save around $3 billion annually and increase the ratio of individual contributors to managers by 15% by Q1 2025.
Morgan Stanley will cut about 2,000 jobs, marking a reduction of 3% of its workforce, excluding financial advisers.
Goldman Sachs plans to eliminate 3-5% of its workforce following its annual performance review.
Intel's incoming CEO, Lip-Bu Tan, indicates potential layoffs as part of an AI strategy overhaul, following a $19 billion loss in 2024.
