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The list of major companies laying off staff this year, including Morgan Stanley, Wayfair, Block, and Meta

  • Major companies across multiple industries continue workforce reductions in 2025.
  • Firms implement cuts to increase efficiencies and streamline operations for future growth.
  • These reductions impact various departments, including corporate, tech, product, and engineering.
  • Workday is cutting 8.5% of its workforce, equaling about 1,750 employees.
  • Companies aim to lower costs, realign strategy, and focus resources on new priorities like AI.
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Business Insider broke the news in United States on Friday, April 25, 2025.
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