Mass layoffs continue in 2025, with major companies like Amazon, Starbucks, Oracle, Nike, Meta, and Microsoft trimming staff amid economic uncertainty and rapid technological change.
Amazon, Nike Cutting Jobs
Amazon alone announced 14,000 job cuts in October, joining tech peers in citing AI-driven restructuring. The trend follows two years of workforce reductions across tech, media, finance, retail, and energy.
A World Economic Forum survey found that 41% of companies globally expect to reduce headcount over the next five years due to AI. While some roles vanish, demand for jobs in big data, fintech, and AI is projected to double by 2030, reshaping the workforce.
