Top tech giants and corporate firms continue their layoffs in 2025 amid rising challenges with global economic uncertainties. According to Reuters, Archer-Daniels-Midland (ADM), a major international grain trader, plans to cut 700 jobs to save around $500-$700 million in the next three to five years.
ADM’s CEO, Juan Luciano, points out “softer market conditions and policy uncertainty” as the key reasons for the impending layoffs.
Bloomberg News reports that Salesforce is expected to layoff over 1000 employees while also recruiting fresh hires for the sales promotion of its new AI solutions. Those who got fired, however, are encouraged to explore new roles within the company.
The recent widespread layoffs by Microsoft, Meta, and Amazon, have been attributed to market instability, industry changes, and economic challenges. Microsoft’s employees are facing performance-driven job cuts without any severance pay benefits.
Facebook’s parent company, Meta is set to layoff around 3,600 staff members or 5% of its workforce, as per the recent Bloomberg report quoting an internal memo from its CEO Mark Zuckerberg. All affected employees will be intimated by 10 February.
“I’ve decided to raise the bar on performance management and move out low-performers faster,” Zuckerberg wrote in his internal memo.
Amazon plans to cut 14,000 manager positions early 2025 to help save over $3 billion annually, according to Livemint. Morgan Stanley research data referenced in some news sources actually confirms this. Business Insider adds that the company is all set to lay off about 200 US employees from its ‘Fashion and Fitness’ division.
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