The full list of major US companies slashing staff in the new year, including Microsoft, BlackRock, and Ally
Jan 08, 2025 - businessinsider.com
The article discusses ongoing job cuts in 2025 across various industries, including tech, finance, and media, as companies like Microsoft, BlackRock, and Ally continue to reduce their workforces. These layoffs are part of broader cost-cutting measures amid technological changes, with a World Economic Forum report indicating that 41% of companies worldwide plan to reduce staff due to the rise of artificial intelligence. Despite these cuts, tech jobs in big data, fintech, and AI are expected to double by 2030.
Specific companies mentioned include BlackRock, which plans to cut 1% of its workforce, and Bridgewater Associates, which is reducing its staff by 7% to return to 2023 levels. The Washington Post is eliminating less than 100 non-newsroom positions, while Microsoft is planning unspecified cuts focusing on underperforming employees. Ally is laying off roughly 500 employees, less than 5% of its workforce, as part of its ongoing right-sizing efforts.
Key takeaways:
Job cuts are continuing into 2025 across various industries, including tech, media, finance, manufacturing, and retail.
BlackRock plans to cut about 1% of its workforce, while Bridgewater is cutting approximately 90 staff members.
The Washington Post is eliminating less than 100 employees, focusing on non-newsroom positions.
Microsoft is planning unspecified job cuts, focusing on underperforming employees.
