From Yahoo Finance: 2025-03-23 11:04:00

Ally and BlackRock announce layoffs, with Ally offering severance and job application opportunities. BlackRock plans to cut 1% of its workforce, about 200 employees. The reductions aim to realign resources with the firm’s strategy, with recent hires offsetting some job losses.

Blue Origin lays off about 10% of its workforce, impacting over 1,000 employees. The move follows a memo focusing on scaling manufacturing output and launch cadence for customers. The layoffs target roles in engineering, research, and development, and management for organizational realignment.

Boeing cuts 400 jobs from its moon rocket program due to delays and increased costs for NASA’s Artemis missions. The layoffs come amid rescheduled crewed flights and planned astronaut moon landings. Boeing aims to minimize job losses by redeploying affected employees and aligning with program revisions.

BP announces plans to cut 4,700 staff and contractors, about 5% of its global workforce, as part of a cost-cutting and restructuring program. The oil giant looks to strengthen competitiveness and build resilience while lowering costs and improving performance. The reductions are expected to generate significant annual savings.

Bridgewater Associates cuts 7% of its staff, returning headcount to 2023 levels. The layoffs aim to maintain efficiency and lean operations within the hedge fund. Founder Ray Dalio emphasizes the need for changes to align roles with organizational priorities and reduce bureaucracy.

Chevron plans to cut 15-20% of its global workforce, potentially affecting 9,000 jobs by 2026. The layoffs come as part of cost-saving measures and business simplification following an acquisition. The oil giant aims to streamline operations and enhance competitiveness amid legal and operational challenges.

CNN cuts about 200 television-focused roles to pivot towards digital news platforms. The move, affecting 6% of the workforce, aims to secure the company’s future by aligning with evolving audience trends. The CEO emphasizes the shift towards digital products to maintain CNN’s position as a leading news organization.

Estée Lauder announces plans to cut 5,800-7,000 jobs over two years in a restructuring effort. The cosmetics giant looks to streamline teams, outsource services, and generate significant cost savings. The company expects annual benefits of up to $1 billion before tax from the workforce reductions.

Hewlett Packard Enterprise (HPE) lays off 2,500 employees, 5% of its workforce, to align costs with business strategy. The CEO emphasizes the need for cost structure adjustments and anticipates significant savings by 2027. HPE faces challenges in server and cloud sales, leading to business realignment and job cuts.

Johns Hopkins University cuts over 2,000 jobs due to a loss of $800 million in funding from USAID. The layoffs impact international programs, with positions eliminated across various countries. The university faces challenges following significant funding cuts and restructuring in response to reduced foreign aid.

Kohl’s reduces about 10% of corporate roles to improve efficiency and profitability. The move follows store closures and declining sales, with a focus on long-term business health. The department store aims to streamline operations, optimize staffing, and realign resources for sustainable growth and performance improvement.

Meta cuts 5% of its workforce targeting low performers. Teams overseeing Facebook and virtual reality platforms are among those affected. The layoffs come after previous workforce reductions and aim to improve operational efficiency and performance within the company’s various divisions.



Read more at Yahoo Finance: The list of major companies laying off staff this year, including Morgan Stanley, Wayfair, Starbucks, and Meta