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The list of major companies laying off staff this year including Bumble, Morgan Stanley, Disney, and Meta

Wed Jun 25, 2025
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BI Staff

26 min read

whitney wolfe herd bumble ceo founder

Founder and CEO of Bumble Whitney Wolfe attends Bumble Presents: Empowering Connections at Fair Market on March 9, 2018 in Austin, Texas.Vivien Killilea/Getty Images for Bumble

  • Companies such as UPS, Meta, Microsoft, BlackRock, and Bumble are conducting layoffs.

  • Artificial intelligence is reshaping some workforces.

  • See the list of companies letting workers go in 2025.

Layoffs and other workforce reductions are continuing in 2025, following two years of significant job cuts across tech, media, finance, manufacturing, retail, and energy.

While the reasons for slimming staff vary, the cost-cutting measures are coming amid technological change. In a recent World Economic Forum survey, some 41% of companies worldwide said they expected to reduce their workforces over the next five years because of the rise of artificial intelligence.

Companies such as CNN, Dropbox, and Block have previously announced job cuts related to AI. Meanwhile, tech jobs in big data, fintech, and AI are expected to double by 2030, according to the WEF.

Here are the companies with job cuts planned or already underway in 2025 so far, in alphabetical order.

Adidas plans to cut up to 500 jobs in Germany.

Adidas shoes are seen in the store in Hoofddorp, Netherlands.

Despite a strong year, Adidas is planning job cuts.Jakub Porzycki/NurPhoto via Getty Images

Adidas said in January that it would reduce the size of its workforce at its headquarters in Herzogenaurach, Germany, affecting up to 500 jobs, CNBC reported.

If fully executed, it amounts to a reduction of nearly 9% at the company headquarters, which employs about 5,800 employees, according to the Adidas website.

The news came shortly after the company announced it had outperformed its profit expectations at the end of 2024, touting "better-than-expected" results in the fourth quarter.

An Adidas spokesperson said the company had grown "too complex because of our current operating model."

"To set adidas up for long-term success, we are now starting to look at how we align our operating model with the reality of how we work. This may have an impact on the organizational structure and number of roles based at our HQ in Herzogenaurach."

The company said it is not a cost-cutting measure and could not confirm concrete numbers.

Ally is cutting less than 5% of workers.

Hands typing on a laptop with the Ally website on its screen.

Ally is laying off about 500 employees.Ally Bank/Facebook

The digital-financial-services company Ally is laying off roughly 500 of its 11,000 employees, a spokesperson confirmed to BI.

"As we continue to right-size our company, we made the difficult decision to selectively reduce our workforce in some areas, while continuing to hire in our other areas of our business," the spokesperson said.

The spokesperson also said the company was offering severance, outplacement support, and the opportunity to apply for openings at Ally.

Ally made a similar level of cuts in October 2023, the Charlotte Observer reported.