Tech firms sack thousands of employees in 2025
(MENAFN) Technology companies across the globe let go of 72,000 employees in the first six months of 2025, according to figures compiled from tracking sources.
While job reductions continue, the rate of layoffs has declined compared to previous years. In the same period of 2023, approximately 213,000 tech workers were dismissed, and that number dropped to around 100,000 during the first half of 2024. The latest data shows a further 28% decrease year-over-year.
Microsoft was among the firms with the largest layoffs, having cut 12,000 employees so far this year, including 3,000 in May as part of internal restructuring. The company is reportedly preparing to reduce its workforce by an additional 9,000, which would represent about 4% of its total global staff.
Cybersecurity company CrowdStrike also announced in May that it would reduce its workforce by 5%, aiming to realign operations in response to rapid advances in artificial intelligence.
Despite the ongoing layoffs, the market valuations of major tech firms have continued to climb. As listed by financial data platforms, Nvidia holds the highest valuation among tech giants, with a market capitalization of $3.8 trillion. Microsoft follows closely with $3.7 trillion, then Apple at $3.2 trillion, Amazon at $2.4 trillion, and Alphabet at $2.2 trillion.
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