Story perspectives

US Job Cuts Surge 47% Amid Economic Uncertainty

6/6/2025

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Summary

Employers Cut Jobs

In May 2025, U.S. employers reported nearly 100,000 job cuts, a 47% increase from the previous year.
Total layoffs for 2025 reached 696,309, marking an 80% rise compared to 2024.
The services, retail, and tech sectors experienced the highest layoffs, notably from Procter & Gamble and Microsoft.
Economic uncertainty and advancements in AI are driving workforce reductions across multiple industries.

Summary

P&G Job Cuts

Procter & Gamble (P&G) will eliminate 7,000 jobs, approximately 15% of its non-manufacturing workforce, over two years.
This restructuring targets improved productivity and may include discontinuing underperforming brands, with costs projected at $1-1.6 billion.
North American organic sales increased by just 1%, indicating a wider consumer spending decline.
These layoffs align with similar moves by companies like Microsoft and Walmart due to economic pressures.

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Employers Cut Jobs

In May 2025, U.S. employers reported nearly 100,000 job cuts, a 47% increase from the previous year.
Total layoffs for 2025 reached 696,309, marking an 80% rise compared to 2024.
The services, retail, and tech sectors experienced the highest layoffs, notably from Procter & Gamble and Microsoft.
Economic uncertainty and advancements in AI are driving workforce reductions across multiple industries.

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