Layoff News: Latest Finance and Tech Layoffs in 2025

Corporate layoffs have accelerated across both tech and financial sectors in 2025, continuing a trend that began in 2023. From Microsoft’s sweeping workforce reductions to smaller WARN filings at firms like Oracle and Cisco, the numbers show how widespread the cuts have become. Below we break down the latest verified headcount reductions, with dates and figures, and separate out companies that have not disclosed precise numbers.

Here are the most recent, post-Q1’23 headcount cuts for each brand (as of Aug 22, 2025). Where companies didn’t disclose exact numbers, I call that out and don’t include them in the total.

Branded Layoffs Since 2023

Microsoft, Amazon, Dell, Google/Alphabet, PwC, Oracle, IBM, Salesforce, BNY Mellon, Deloitte, PepsiCo, Morgan Stanley, AT&T, Bank of America, LinkedIn, Allstate, Charles Schwab, ExxonMobil, Visa, Apple, Stripe, Cisco, SAP, 3M, Nielsen, KPMG, AIG.

Quick Company-by-Company Layoff Figures

Here are some of the latest rounds, brief context, and dates:

• Microsoft — Latest big round was ~9,000 roles in early July 2025 (Reuters) (company said <4% of staff).
• Amazon (AWS) — “At least hundreds” of roles cut in July 2025; Amazon didn’t give a precise number (The HR Digest). (Not counted in total.)
• Google (Alphabet) — ~200 roles in the global business organization in May 2025 (Reuters).
• Dell — 2025 headcount down from 120k to 108k (mix of reorg/attrition) reported Mar 2025; not disclosed as a single layoff event, so not counted.
• PwC (US) — About 1,500 jobs in May 2025 (Financial Times).
• Oracle — Recent WARNs show 101 jobs in Santa Clara effective Oct 13, 2025 (Mercury News); separate recent CA/WA filings indicate 300+ cuts (Aug 2025).
• IBM — Multiple reports of “thousands” of U.S. roles affected in Mar 2025; estimates often cite ~9,000 at risk, but IBM hasn’t disclosed an official figure. (Not counted.)
• Salesforce — About 1,000 roles in Feb 2025 (Reuters).
• BNY Mellon — ~310 jobs from Wexford (Ireland) closure Jan 2025 + ~150 in Edinburgh Feb 2025 → ~460 total (Irish Times, Reuters).
• Deloitte (US) — 1,200 roles in Apr 2023 (Bloomberg); a new U.S. consulting reduction started Apr 2025 with no disclosed count. (Only 1,200 is counted.)
• PepsiCo — Liberty, NY plant shutdown: ~287 layoffs beginning May 21, 2025 (WARN) (Times Union).
• Morgan Stanley — ~2,000 investment-banking roles Mar 2025 (Reuters).
• AT&T — 2025 WARNs indicate >370 roles across FL/CA/AL (Reuters, Finance Yahoo). (Counted as 370 minimum.)
• Bank of America — ~150 junior bankers Mar 2025 (Bloomberg).
• LinkedIn — 281 in California (effective June 2025) (Reuters).
• Allstate — No clear, disclosed mass-layoff figure since Q1’23. (Not counted.)
• Charles Schwab — 5—6% (~2,000) Nov 2023 (Reuters).
• ExxonMobil — France downsizing ~608 jobs “by 2025” + ~178 Texas cuts tied to Pioneer deal (Reuters, Houston Chronicle).
• Visa — Planned ~1,400 by end-2024 (WSJ).
• Apple — 614 CA roles effective May 27, 2024 (WARN; tied to car/display projects) (Bloomberg).
• Stripe — ~300 roles Jan 2025 (TechCrunch).
• Cisco — CA WARN shows 221 effective Oct 13, 2025 (Milpitas/SF) (San Francisco Chronicle).
• SAP — 8,000 roles in a Jan 2024 restructuring (Reuters) — not counted.
• 3M — 6,000 jobs Apr 2023 (Reuters).
• Nielsen — No reliable 2024—25 disclosed counts. (Not counted.)
• KPMG (US) — ~330 (under 4% of audit) Nov 2024 (Reuters).
• AIG (US) — ~280 roles Sep 2024 (Reuters).

Why is Layoffs.fyi so Much Higher?

You’re seeing significantly higher totals on Layoffs.fyi—like ~81,567 tech employees in 2025—because their methodology and scope are fundamentally different from the headcount-by-headcount, company-specific totals seen above.

1. Layoffs.fyi covers far more than major, publicly reported rounds. It aggregates data in real-time from news, employee submissions, LinkedIn posts, and other public sources. That means small layoffs, regional cuts, and even micro-reductions at startups are captured—whereas the data in this article focuses only on confirmed figures for major companies or official WARN-like filings. The granular events Layoffs.fyi logs simply add up fast.

• As of this writing (Aug 2025), Layoffs.fyi shows 81,567 tech layoffs across 186 companies in 2025 (Layoffs.fyi).
• Other trackers echo similar magnitudes: NerdWallet cites ~80,250 layoffs across 171 companies (NerdWallet); CRN repeats that ~80,250 figure up to July (CRN); TechGig reports over 80,945 across 179 firms (TechGig).

2. These numbers are conservative and limited to major publicly covered cuts. This article enumerates confirmed layoffs from publicly cited sources—firms like Microsoft, Oracle, Salesforce—even if those numbers are huge. But every small layoff excluded—e.g., Amazon’s vague “hundreds,” Dell’s attrition, local WARNs—means this article undercounts the holistic tally Layoffs.fyi compiles.

Final Thought

Use Layoffs.fyi for a sense of overall industry shock—not individual story accuracy. The figures here are precise and defensible, but intentionally selective.

Conclusion

Since 2023, workforce reductions have shifted from being primarily tech-focused to a broader financial and corporate trend. The confirmed tally of more than 28,000 roles eliminated across large firms in 2023—2025 is conservative, as many companies have not disclosed full counts or are spreading cuts across smaller WARN filings. Tech giants like Microsoft, Salesforce, and Google continue to dominate headlines, but banks, consultancies, and manufacturers have been just as active in reducing headcount. Expect this landscape to remain volatile through the end of 2025 as firms balance cost pressures with investment in AI and automation.