Mass layoffs

Major Companies with Mass Layoffs in May 2025
Key Companies Announcing Layoffs This Month:

Microsoft: Considering additional layoffs focused on middle management and non-coders, with around 1,500 cuts already announced in its Azure cloud unit.

Vacasa: Laying off about 800 employees (13% of its workforce) as part of a reorganization.

Citigroup: Cutting 4,500 jobs worldwide to reduce costs.

TSB Banking Group: Announced 250 job losses and 36 branch closures in the UK.

FedEx, Macy’s, JP Morgan Chase, Mattel, Chewy, Wells Fargo: Among dozens of U.S. firms planning layoffs in May due to economic pressures.

Automattic (WordPress): Laying off 16% of its workforce, over 270 employees.

Blue Origin: Cutting about 10% of staff, impacting over 1,000 roles, mainly in engineering and program management.

Five9: Cutting 123 jobs (4% of workforce) to focus on AI and profitable growth.

Logically, Zepz, JustWorks, Unity, Sophos: All announced significant staff reductions this spring, with layoffs ranging from dozens to hundreds of employees.

Other Notable Layoffs Announced in 2025:

Meta, Block, Morgan Stanley, Wayfair, UPS, Adidas: All have announced layoffs earlier this year, reflecting a broader trend of cost-cutting across industries.

Biotech & Pharma: Companies like Arvinas and Bristol Myers Squibb have also announced layoffs, with some starting in May and continuing through the summer.

Summary Table

Company Estimated Layoffs Industry Timing
Microsoft 1,500+ Tech May 2025
Vacasa 800 Tourism May 2025
Citigroup 4,500 Banking May 2025
TSB Banking Group 250 Banking May 2025
Automattic 270+ Tech May 2025
Blue Origin 1,000+ Aerospace May 2025
Five9 123 Software May 2025
FedEx, Macy’s, JP Morgan, Mattel, Chewy, Wells Fargo Not specified Various May 2025
Mass layoffs are affecting a wide range of sectors, including technology, finance, tourism, retail, and manufacturing, as companies respond to economic pressures and restructuring needs.

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text Connie Dello Buono
Investment Fiduciary
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