TECH FIRMS WORLDWIDE LAY OFF 72,000 WORKERS IN H1

Tue 08 July 2025:

Technology companies, which are the most valuable firms in the world, laid off a total of 72,000 workers in the first six months of the year, according to data from Layoffs.fyi website, compiled by Anadolu.

Layoffs have been slowing down since 2023, as the data showed that some 213,000 workers lost their jobs in the first half of 2023 and around 100,000 in the first half of 2024.

Layoffs in the first half of 2025 fell 28% versus the same period last year, the data revealed.

Microsoft laid off 3,000 workers in May, citing restructuring efforts, and a total of 12,000 workers in the first half of the year. The Windows maker is preparing to lay off 9,000 more workers, accounting for 4% of its global workforce.

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In May, cybersecurity firm CrowdStrike said that it would lay off 5% of its workforce to keep up with developments in artificial intelligence (AI).

Tech firms’ market capitalizations rise with the layoffs, according to the Companiesmarketcap.com website.

Chipmaker Nvidia ranked first with a market cap of $3.8 trillion as of the latest data on the website, followed by Microsoft with $3.7 trillion, Apple with $3.2 trillion, Amazon with $2.4 trillion, and Alphabet with $2.2 trillion.

Tech firms worldwide have faced significant job cuts since 2022, driven by economic shifts and strategic changes. Over 428,000 tech jobs were cut in 2022 and 2023 combined, with 2024 seeing about 151,000 layoffs and 2025 already exceeding 100,000, per sources like Layoffs.fyi and Crunchbase.

The surge began as companies, which overhired during the COVID-19 pandemic to meet online demand, faced post-pandemic slowdowns, inflation, and reduced ad spending. Giants like Meta, Google, Microsoft, and Intel have cut thousands, citing cost-cutting, AI-driven restructuring, and weaker demand in sectors like hardware and e-commerce.

For example, Intel slashed 15,000 jobs in 2024 to save $10 billion, while Meta cut 3,600 in 2025 to focus on AI. Startups also face pressure, with many cutting jobs to extend cash runways amid tight funding. Meanwhile, AI and automation are displacing roles in coding and HR but creating new ones, though upskilling remains a challenge.

Layoffs signal a shift toward efficiency and profitability, but the trend may continue as firms adapt to economic uncertainty and technological change.

-Source: AA

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