Morgan Stanley, Walmart, Pfizer and more: Full list of over 150 American companies laying off employees in June

Economic Times

2 days ago

Which American companies will face layoffs in June?
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Why are layoffs happening in US?
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In the first quarter of 2025, the US workforce experienced significant upheaval due to widespread federal layoffs, corporate restructuring, cost-cutting initiatives, and mounting financial pressures across industries. Federal agencies were responsible for more than half of all job cuts during the quarter, with over 150,000 layoffs reported in February and March alone.Looking ahead to June, thousands more employees across various sectors are expected to lose their jobs, reports NewsWeek. Under the Worker Adjustment and Retraining Notification (WARN) Act, companies must notify employees in advance of mass layoffs. According to WARNTracker.com, approximately 138 employers have filed WARN notices indicating plans to implement layoffs next month.According to NewsWeek, nearly 160 companies will be laying off employees throughout the month of June, exceeding the approximately 130 companies that did so in May. President Donald Trump announced on May 25 that he would postpone the implementation of the planned 50 percent tariffs on trade with the European Union, moving the start date from June 1 to July 9, in response to a request from European Commission President Ursula von der Leyen.Layoffs are set to impact a range of industries, including retail, pharmaceuticals, food and beverage, airlines, and package delivery, among others. The number of affected workers varies by company—some are reducing staff by as few as one to 25 employees, while others, such as U.S. Cellular, are planning more significant cuts.The complete list of layoffs, based on WARN notices compiled by WARNTracker.com, includes:Newark GroupAir Wisconsin AirlinesAmerican Institutes of ResearchLeidos HoldingsCali Nail MarketWells FargoChevron TexacoSaddle Creek Logistics ServicesWhirlpool CorporationInterstate Management Company LLCS3 Shared Service SolutionOTG Management (Terminal 5)SDS LumberUnited States Cellular CorporationConfluent Medical TechnologiesUSCC Management ServicesPfizerFedExFEAM AeroWashington Prime GroupVail CorporationMount McKinleyArdent MillsImmPact Bio USA Inc., a subsidiary of Lyell ImmunopharmaPiedmont Athens Regional Medical CenterNEP GroupTrue Food KitchenBenchmark Precision TechnologiesINOAC Exterior SystemsASRC Federal Professional ServicesThrifty Payless (Rite Aid)The Bartell Drug Company (Rite Aid)Rite Aid CorporationSaks GlobalActivCare LivingMetalco USAInternational Republican InstituteTechnoprobe AmericaBlue Cross of IdahoOxbo International CorporationPrimo BrandsChik-fil-AUS ArconicGoodwill of the San Francisco BayCVS Health CorporationPacific Biosciences of CaliforniaRight At SchoolMcDonald's Restaurant of CaliforniaLegoland California ResortUPSFirst StudentCYH Manhattan (The Stewart Hotel)Winnebago IndustriesKinkisharyo InternationalTEKsystemsGraphic SolutionsCorsicana Mattress CompanyPixelle Specialty SolutionsWalmartJones Lang LaSalleVirtex EnterprisesQuickway TransportationCase Paper Co.Davis ExpressMental Health Association of New York City (Vibrant Emotional Health)MemorialCare Long Beach Medical Center and Women's Hospital Long BeachIlluminaBronco Wine Company, Bivio Transport and Logistics CompanyBarrel Ten Quarter CircleINOAC Exterior SystemsGMRI (Eddie V's)Morgan Stanley23andMeSSP AmericaMV TransportationChevron USAAramarkTC&Js Enterprises, franchise operator of Chick-fil-ALacroixDRVCruiser RVHeartland Recreational VehiclesRTXBattelleFresenius Medical CareMetropolitan Animal Specialty HospitalCayuga Home for Children (Cayuga Centers)Interstate Hotels (The Roosevelt Hotel)Cherokee Nation Management & ConsultingPlug PowerAMT Medical (Velocity medtech)Amerant MortgageYMCA of San DiegoB&P Plastics (Advance Plastic)JP Morgan ChaseRaytheon TechnologiesHy-Vee Fresh CommissaryHy-Vee Chariton Shortcuts FacilityPortland FacilityTennecoLutheran Services in IowaFeller'sCJ Logistics AmericaCentene Management CompanyThe Model Z ModularAdientNovartis PharmaceuticalsAccelerate360 DistributionThermo FisherCardinalNetAppKaiser PermanenteArvinasVan's Corporate HeadquartersEnterprise for Progress in the Community (EPIC)Child Care AssociatesSodexoOracle AmericaThe GEO GroupDowntown College PreparatoryFederal Express Corporation (BTRA Facility)Smurfikt Westrock Facility (Texas)Urban AlchemytkMomentumFord, Walker, Haggerty & Behar, LLPSt. Vincent's School for BoysCommunity Action MarinNGM BiopharmaceuticalsPride IndustriesElijah House FoundationCenter PointAramark Campus, LLC at the University of RochesterNorthern Air CargoForte Openings SolutionsChiloquin FacilitySky ZoneERMC Aviation ServicesLeidos HoldingsDanaPULAU CorporationT. MarzettiCano HealthCenter for Family & Child EnrichmentBuilding RoboticsSSC Services for Education (Muncie Community Schools)Tampa SportserviceTransitAmerica ServicesLignetics (Cascade Locks Facility)The Coca-Cola CompanyCoStar Realty InformationNavajo Incorporated, Portland FacilityBrinksBunzl Distribution USAASM GlobalDurhan School Services-Wichita FallsBroadway ServicesBH Security (Brinks Home)Orchid Orthopedic SolutionsAmerican workers and businesses have faced economic uncertainty, partly due to the widespread impact of tariffs imposed on nearly every other country, as well as on specific sectors like steel, aluminum, and foreign automobiles.Layoffs may not always reflect the overall economic climate. Some companies reduce their workforce to boost profits, while others restructure to better meet consumer demand.James Hohman, director of fiscal policy at the Mackinac Center for Public Policy, told Newsweek:'In today's America, pharmacists earn about twice as much as machinists. There are also twice as many drivers as metal workers, and driving typically offers higher pay. Overall, service industry jobs now outpace manufacturing in terms of compensation.'The country as a whole has become wealthier. While the rich have certainly grown richer, lower-income Americans have also seen gains. More households today are earning higher incomes compared to a generation ago—and globalization has played a role in that progress.'Bryan Driscoll, an HR consultant, previously told Newsweek: 'Workers should be cautious—not because they're failing to perform, but because many employers remain focused on short-term financial appearances. We're seeing health insurers and government agencies cut jobs under the guise of restructuring or realignment, which often just means reducing headcount to reduce costs.'Alex Beene, a financial literacy instructor at the University of Tennessee at Martin, also weighed in, telling Newsweek:'There are really two kinds of layoffs happening. On one hand, federal agencies like the Department of Health and Human Services are undergoing significant restructuring as a result of new leadership. This means some roles may be eliminated or merged with others to meet efficiency goals.'"At the same time, we're also seeing health insurers scaling back their workforces. Rising medical expenses paired with those who are insured utilizing their coverage more frequently have some insurers cutting jobs to free up cash in the face of lower revenues."