Tech Giants Cut 72,000 Jobs in First Half of 2025
(MENAFN) Technology firms, which represent the highest-valued corporations globally, dismissed a total of 72,000 employees during the initial six months of 2025, based on statistics from the Layoffs.fyi platform, aggregated by a news agency.
The rate of job reductions has been decreasing since 2023.
The figures indicate that nearly 213,000 employees were let go in the first half of that year, while approximately 100,000 individuals were laid off in the same period of 2024.
The number of layoffs during the first half of 2025 dropped by 28 percent compared to the corresponding timeframe last year, according to the available data.
In May, Microsoft terminated 3,000 positions as part of its reorganization strategy, bringing the total layoffs for the first half of the year to 12,000.
The company, which produces Windows, is planning to release an additional 9,000 employees—representing 4 percent of its total global headcount.
Also in May, cybersecurity company CrowdStrike announced it would dismiss 5 percent of its personnel, aiming to align with rapid progress in artificial intelligence (AI).
The stock market values of technology companies tend to climb following workforce reductions, as reported by the Companiesmarketcapplatform.
As per the most recent data, chip producer Nvidia held the top spot with a market valuation of USD3.8 trillion, followed by Microsoft at USD3.7 trillion, Apple at USD3.2 trillion, Amazon at USD2.4 trillion, and Alphabet at USD2.2 trillion.
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