The tech industry is facing significant challenges in 2025, with over 53,100 employees laid off from 126 companies in the first five months. This wave of job cuts is attributed to factors such as overhiring during the pandemic, investor pressure for profitability, the global economic slowdown, and increasing automation through AI.
Intel is planning further workforce reductions, potentially cutting up to 20% of its global staff. This follows earlier layoffs of 15,000 employees as part of a broader restructuring plan to streamline management and refocus on its engineering roots.
Swedish battery maker Northvolt has faced significant difficulties, laying off a substantial portion of its staff and filing for bankruptcy in March 2025. Specifically, Northvolt Labs in Västerås laid off 550 employees.
Meta has also reduced its workforce, with approximately 4,000 employees cut since the beginning of 2025. These layoffs are part of the company's efficiency efforts and a move towards a leaner, high-performing organization. Google has also implemented workforce reductions across various divisions, including its Platforms and Devices unit, offering early retirement packages and buyouts. These actions aim to streamline operations and enhance agility.