1 / 7Procter & Gamble (P&G) announced on June 5 that it plans to cut 7,000 jobs over the next two years as part of its efforts to build a more agile organisation. While it is not yet clear which regions or divisions will be impacted, the company expects to incur over $1 billion in pre-tax restructuring costs across FY25 and FY26. These will cover severance, transition, and system changes.
2 / 7Citigroup, also on June 5, said it plans to lay off around 3,500 technology roles in China as part of its cost-cutting strategy. In January last year, the US bank had already announced plans to reduce 10% of its global workforce, affecting approximately 20,000 employees.
3 / 7Walmart intends to cut around 15,000 jobs across its global workforce, impacting its technology operations, e-commerce fulfilment in US stores, and advertising division Walmart Connect, according to a Reuters report dated May 21.
4 / 7Walt Disney is set to lay off several hundred employees across its film, television, and corporate finance divisions, Reuters reported on June 2. This marks the fourth round of layoffs in just 10 months.
5 / 7IBM plans to let go of around 8,000 employees, primarily within its Human Resources (HR) department, as it integrates artificial intelligence (AI) into its operations and back-office functions. The company had previously replaced about 200 HR roles with AI tools to handle repetitive administrative tasks.
6 / 7Microsoft, on May 16, announced its second-largest round of layoffs, planning to cut 6,000 jobs—around 3% of its workforce—across all teams. The move is aimed at flattening the organisational structure and reducing management layers.
7 / 7CrowdStrike, a cybersecurity firm, said it will cut around 500 roles, or roughly 5% of its workforce, to streamline operations and lower costs. The layoffs are expected to cost the company between $36 million and $53 million.
