Archive · 6 Jun 2025
Major Layoffs Announced by Multiple Companies
Several big companies like P&G, Citigroup, Walmart, Disney, IBM, Microsoft, and CrowdStrike are cutting thousands of jobs.
Some are doing this to reorganize and save money, while others are using AI to replace jobs.
This is happening in different places around the world and affects various departments, from technology and HR to marketing and more.
Each company has its own reasons, but the overall trend is a shift in how businesses are run.
P&G plans to eliminate 7,000 jobs over two years for restructuring.
Citigroup is cutting 3,500 technology roles in China.
Walmart is reducing its global workforce by approximately 15,000.
Disney is laying off several hundred employees across multiple divisions.
IBM will cut about 8,000 HR jobs, integrating AI.
Microsoft announced 6,000 job cuts across all teams.
CrowdStrike will eliminate 500 roles to cut costs and streamline.
- Who
- P&G, Citigroup, Walmart, Disney, IBM, Microsoft, and CrowdStrike
- What
- Multiple companies announced significant layoffs impacting thousands of employees.
- When
- Announcements were made in May and June.
- Where
- Globally across multiple sectors, with specific cuts in China and the US.
- Why
- To streamline operations, integrate AI, reduce costs, and restructure.
- P&G Job Cuts
- 7,000
- Citigroup Job Cuts (China)
- 3,500
- Walmart Job Cuts
- 15,000
- Disney Job Cuts
- Several hundred
- IBM Job Cuts
- 8,000
- Microsoft Job Cuts
- 6,000
- CrowdStrike Job Cuts
- 500
Sources
P&G plans to cut 15% of office jobs over next two years
Procter & Gamble to slash 7,000 jobs over the next two years
Cost cuts tighten: P&G plans to cut 7,000 jobs globally; tariff burden, consumer anxiety drive restructuring
