News Global Amazon, Ericsson, FedEx Among Major Companies Planning Workforce Reductions in Early 2025Amazon, Ericsson, FedEx Among Major Companies Planning Workforce Reductions in Early 2025
Major corporations including Amazon, Ericsson, FedEx, Citigroup, and BlackRock have announced significant layoffs in early 2025. Amazon reportedly plans to cut thousands of corporate jobs across AWS, human resources, Prime Video, and retail divisions. Ericsson will eliminate up to 1,600 jobs in Sweden, while FedEx combines 500 job cuts with 770 new position creation in France. Citigroup plans 1,000 layoffs toward its 20,000 job reduction goal by 2026, and BlackRock will cut about 250 positions.
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Multiple major corporations have announced significant workforce reductions in early 2025, signaling continued corporate restructuring across various industries. The layoffs span technology, telecommunications, logistics, and financial services sectors, affecting thousands of employees globally.
Technology and E-commerce Sector Cuts
Amazon is reportedly set to cut thousands of corporate jobs as part of its workforce reduction strategy, according to Reuters citing sources familiar with the matter. The layoffs, potentially the company's largest to date, are expected to impact white-collar roles across several key divisions.
| Division | Impact |
|---|---|
| Amazon Web Services (AWS) | Corporate job cuts planned |
| People Experience and Technology | Human resources roles affected |
| Prime Video | Workforce reduction expected |
| Retail Operations | Corporate positions targeted |
The report noted that these plans might still change, indicating the fluid nature of the restructuring decisions.
Telecommunications and Logistics Restructuring
Ericsson announced plans to eliminate up to 1,600 jobs in Sweden to maintain competitive positioning. The telecom equipment manufacturer has been implementing broader cost-cutting measures, with CEO Borje Ekholm indicating continued workforce reductions following the elimination of 5,000 positions over the past year.
FedEx is implementing a strategic overhaul of its French domestic operations, combining job cuts with operational restructuring. The company's comprehensive approach includes both workforce reduction and expansion.
| Parameter | Details |
|---|---|
| Job Cuts | Up to 500 positions |
| Investment | 78 million euros |
| Station Reduction | From 103 to 86 locations |
| New Positions | Over 770 full-time and part-time roles |
FedEx stated that employees affected by layoffs would receive priority consideration for the newly created positions, demonstrating an integrated approach to workforce management.
Financial Services Workforce Adjustments
Citigroup is expected to lay off approximately 1,000 employees this month as part of CEO Jane Fraser's cost reduction and return improvement strategy. These cuts represent progress toward the bank's goal of eliminating 20,000 jobs by the end of 2026, a plan announced two years ago.
BlackRock announced it will reduce its workforce by about 1% across divisions, affecting approximately 250 employees company-wide, according to Bloomberg reports citing informed sources.
Cultural Institution Cost-Cutting
The Metropolitan Opera of New York implemented workforce reductions amid ongoing financial challenges, despite previous cost-cutting measures over the past five years. The opera house reduced its administrative staff by 22 positions, decreasing the total from 284 to approximately 262 employees, representing about 10% of the division's workforce.
Additional cost-cutting measures include salary reductions for highest-paid employees and delaying new production schedules for the upcoming season.
Industry-Wide Restructuring Trends
These announcements reflect broader corporate strategies focused on operational efficiency and cost management across multiple sectors. Companies are implementing various approaches, from pure workforce reduction to comprehensive restructuring that combines job cuts with strategic investments and new position creation.
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