Big Tech Firms Lay off 72,000 Employees in 2025

2025-07-08 06:02:19

(MENAFN) The world’s leading technology firms, despite being the most valuable globally, slashed a total of 72,000 jobs in the first half of 2025, according to figures from the Layoffs.fyi website, aggregated by media.

The pace of job cuts has eased significantly compared to previous years. In the first six months of 2023, around 213,000 tech employees were let go, while that number fell to approximately 100,000 during the same period in 2024.

This year’s layoffs mark a 28% year-over-year decline, the data shows.

Microsoft alone eliminated 3,000 jobs in May as part of a restructuring strategy, bringing its total layoffs in the first half of 2025 to 12,000. The tech giant also announced plans to cut an additional 9,000 roles, representing about 4% of its global workforce.

In that same month, cybersecurity firm CrowdStrike announced it would cut 5% of its staff, citing the need to align with its AI-driven future.

According to Companiesmarketcap.com, the market value of major tech companies often climbs following workforce reductions.

As of the latest available data, chipmaker Nvidia topped the rankings with a staggering $3.8 trillion market capitalization, trailed by Microsoft at $3.7 trillion, Apple at $3.2 trillion, Amazon at $2.4 trillion, and Alphabet at $2.2 trillion.

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