BlackRock, Ally, Microsoft, Washington Post and more U.S. companies to cut jobs in 2025; check full list

A shrinking workforce has been a major concern over the past two years in industries including technology, media, finance, manufacturing and retail. However, according to a business insider A report released on January 9 showed that layoffs at major global companies such as Microsoft, BlackRock, and Ally will continue in 2025.

The companies cited numerous reasons, one of which was that they wanted to cut jobs as part of cost-cutting measures in the context of technological change, especially over the next five years due to the rise of artificial intelligence (AI).

A few days ago, the World Economic Forum released “future of jobs report”, they mentioned that as many as 41% of employees want to reduce the workforce through AI automation. The report adds that 170 million new jobs will be created and 92 million jobs will be replaced by 2030.

Earlier, companies including Dropbox, Google and IBM announced AI-related layoffs.

Here are the companies canceling layoffs in 2025:

BlackRock:

according to BloombergBlackRock told employees it plans to cut about 200 jobs from its 21,000-strong workforce.

An increase of approximately 3,750 workers in 2024 will more than offset these decreases, with an additional 2,000 workers expected in 2025.

The cuts will help realign the company’s resources and its strategy, Bloomberg said BlackRock President Rob Kapito and its Chief Operating Officer Rob Goldstein.

Bridgewater Associates reportedly laid off 7% of its staff on Monday, aiming to stay lean business insider Cite sources.

With these layoffs, the world’s largest hedge fund’s headcount reached 2023 levels. At the beginning of 2019, the company’s founder Ray Dalio said that about 30% of new employees would leave the company within 18 months.

The Washington Post is laying off less than 100 employees in an effort to cut costs. Reuters reported on Tuesday. A spokesman said the changes would not impact the newsroom. Reuters”, “The Washington Post is continuing to transform to meet the needs of the industry, build a more sustainable future, and engage our audiences. “

In an effort to take a closer look at underperforming employees, Microsoft plans to make layoffs soon as part of a round of layoffs. The company declined to provide details on the number of employees laid off.

“At Microsoft, we focus on high-performing talent,” pair “We are always committed to helping people learn and grow. When people behave poorly, we take appropriate action,” the spokesperson was quoted as saying.

Digital financial services company Ally is laying off around 500 of its 11,000 employees, a spokesperson confirmed pair.

BI quoted the spokesperson as saying: “As we continue to right-size the company, we have made the difficult decision to selectively reduce employees in certain areas while continuing to hire in other areas of the business.” According to ALLY, 2023 In October 2018, allies made similar levels of cuts. charlotte observer.