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A Starbucks store sign is seen in New York City, U.S., February 25, 2025. Shannon Stapleton
A Starbucks store sign is seen in New York City, U.S., February 25, 2025. Shannon Stapleton
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US companies announce layoffs to cut costs

February 26th, 2025 | 13:28 PM BUSINESS 1

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By Reuters

U.S. companies have initiated layoffs across sectors as they attempt to streamline operations amid economic uncertainties, following similar cutbacks seen last year.

The Labor Department's Job Openings and Labor Turnover Survey, or JOLTS report, from early February showed vacancies were down 1.3 million over the year at the end of December, while remaining above the 2019 average, suggesting that the labor market was slowing down but not abruptly.

Here are some of the companies that have announced job cuts so far in 2025:

* UnitedHealth was offering employees in its benefits operations unit the option to accept buyouts in February, and may pursue layoffs if the resignation quota is not met, according to a CNBC report.

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  • JOBS/ (FACTBOX)
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