01-05-2025
List of Companies Laying Off Employees in May
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources.
Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content.
Many companies have already pre-announced their layoffs for May, and employees across several industries will be impacted.
Companies are required to send out a Worker Adjustment and Retraining Notification Act (WARN) notice before implementing mass layoffs. More than 120 employers are planning to let workers go in May, according to
Why It Matters
Companies are facing rising costs and shifting consumer demand, causing many to evoke mass layoffs across departments.
However, some of the other layoffs are happening as corporations seek to maximize profits rather than necessity, and the trend is happening across industries, experts say.
A FedEx plane prepares to leave the FedEx Cargo Hub at Miami International Airport on February 12, 2025 in Miami, Florida.
A FedEx plane prepares to leave the FedEx Cargo Hub at Miami International Airport on February 12, 2025 in Miami, To Know
Nearly 130 companies will be letting employees go throughout the month of May.
The full list, based on WARN notices via includes:
Michael's Cookies
Blue Shield of California
Axient LLC
BHFO
Boston Scientific Corporation
US Conference of Catholic Bishops
RTX
Movate
Portland, Oregon Facility
IDEA Southern Louisiana Idea Innovation
Envision Physician Services
Southeast Service Corporation Services for Education
Durham School Services
Corteva
Northland College
Graphic Packaging International
Merlin Magic Shop
JVS Masonry
Grede
Concordia University
SSC Services
FedEx
Robert Kaufman Co
Transdev
Pretium Packaging
Department of Health and Human Services
Jacksonville Orthopedic Institute
ST. Distributing
SHG
Redemption Restaurants
Classic Beverage of Southern California
Mandarin Oriental
Freedom House
Cornish College of the Arts
Brinker International
Roche Molecular Systems
Gilead Sciences
HSNi
SouthState Bank
VF's Dickies Headquarters
Safeway
Compass Group
American Bar Association
CSG Systems
American Academy of Dramatic Arts
Milgard Manufacturing
Block
American Medical Response Ambulance Service
Key Energy Services
SK hynix America
Amentum
Southeast Service Corporation
Niantic
National Distribution Centers
Rem Optical Company
Cruise
CARGO Therapeutics
Wells Fargo
Atara Biotherapeutics
SLS South Beach Employer
Southern California Edison Company
Mattel
All For Kids
Spoonful Management
ICS
Southern Glazer's Wine and Spirits of Louisiana
COR Restaurant Services
AT&T
INOAC Exterior Systems
Collins Aerospace
VT Mobile Aerospace Engineering
Jhpiego Corporation
Johns Hopkins University
Pitney Bowes
Penney OpCo
Grocery Delivery E Services
Gate Gourmet
Amazon
Cepheid
Onsemi
Chewy
Country Pure Foods
F&E Aircraft Maintenance
Output Services Group
American Institutes of Research
Cow Palace
General Dynamics
Bell-Carter Foods
Ryder-Hutchins
Centerra
The Cheesecake Factory
SP+, a Metropolis Company
Primo Brands
UPS
Creative Associates International
Royal Palm South Beach Miami
Sodexo
Microchip
RR Donnelley
PT Solutions
Leidos Holdings
Central Garden & Pet
Laboratory Corporation of America Holdings
Stockton Recycling
Ascent Professional Staffing
CBRE
Charter Communications
Northlake Engineering
Tri Cor Direct Incorporated
GEP Administrative Services
Ameri Kleen
Starbucks
Corteva
TL Cannon Management
Miami Mezze
Ritz-Carlton Hotel
Burke Williams
F21 OpCO
Catholic Charities of Orange
Frito-Lay
American Freight
US Foods
Barrette Outdoor Living
Atlas Holdings
Evans Bank
Macy's
BetMGM
UNFI
Essendant
JP Morgan Chase
The layoffs are occurring across industries, from retail and food service to tech and financial companies. The number of employees being let go per company varies from under 10 to hundreds.
What People Are Saying
HR Bryan Driscoll told Newsweek: "Workers should brace themselves, yes, not because they're underperforming, but because employers are still addicted to short-term balance sheet optics. We're watching health insurers and government agencies slash jobs while claiming they're realigning or restructuring. That's just code for cutting people to cut costs."
Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: "It's a tale of two different kinds of layoffs. Federal government entities like the Department of Health and Human Services are going through a dramatic restructuring following the arrival of a new administration, meaning some positions will either be eliminated or combined with other roles for efficiency standards. 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."
What Happens Next
Driscoll said companies will continue to cut jobs as a way to prioritize profits, and now the U.S. government has gotten on board as well.
"When public institutions like HHS do the same, it reflects a political and systemic failure to invest in the workforce needed to serve communities," Driscoll said.
"This isn't about the economy being weak - though it is getting there and there's just one person to blame. This is more about a labor market that continues to reward instability for workers while rewarding stockholders with efficiency and predictability. And no one at the top is skipping their bonus."
