The tech sector has witnessed another wave of mass layoffs in the first five months of 2025, with over 53,100 employees losing their jobs across 126 companies, according to news reports. Amid continued cost-cutting measures, economic uncertainty, and strategic restructuring, leading companies such as Intel, Meta, Google, and Northvolt have implemented major workforce reductions.
Intel topped the list with reports suggesting plans to cut around 20% of its workforce, following the earlier layoff of 15,000 employees. While the company denied immediate large-scale cuts, it confirmed that layoffs would be staggered throughout the second quarter of 2025. The restructuring comes as Intel continues to grapple with financial pressures and weak demand in the semiconductor market.
Swedish battery manufacturer, Northvolt, fired approximately 2,800 employees in late March 2025, accounting for nearly half of its workforce. The move came just weeks after the company filed for bankruptcy. Prior to this, Northvolt had already let go of 1,600 employees in September 2024, signaling prolonged financial distress.
Meta, led by CEO Mark Zuckerberg, has also featured among the major companies conducting layoffs this year. Around 4,000 employees have reportedly been laid off since January, as the social media and tech giant continues to adjust to a slower growth environment and operational restructuring.
Google has undertaken multiple waves of layoffs throughout 2025. In February, it initiated buyouts for many US-based staff. By April, the tech giant had laid off hundreds of employees in its platforms and devices division to simplify operations and enhance efficiency. These layoffs added to a voluntary exit program that began in January.
Also Read:Google Faces 12 Bn Euro in EU Lawsuits Over Antitrust Violations.
The surge in layoffs across the tech sector in 2025 reflects broader industry challenges including reduced demand, tighter margins, and the push for leaner operations. As restructuring continues, more job cuts may follow, making this one of the toughest years for tech professionals in recent memory.
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Published on: May 15, 2025, 3:31 PM IST
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