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Australian banks eliminate 8,000 positions in 2025, highest since 2024. Big Four banks lead cuts amid cost pressures, not AI automation.
Microsoft cuts 42 more jobs in fifth straight month of layoffs, totaling over 15,000 positions since May amid massive $80B AI investment push.
Korean corporate giants cut hiring by 62.8% amid global economic uncertainty. Construction leads downturn while tech talent remains scarce.
US employers announced 86,000 job cuts in August 2025, marking a 193% surge as hiring slows and labor market pressures mount across industries.
PwC reduces entry-level hiring by 15% in 2025 as AI adoption and economic slowdown reshape the graduate job market for Gen Z professionals.
ConocoPhillips plans to cut up to 3,000 jobs globally despite $2 billion quarterly profits as rising costs force efficiency measures across oil industry.
Ericsson eliminates 100 technical positions in Canada as part of global restructuring efforts, with severance packages and career assistance provided to affected employees.
ANZ Bank undergoes strategic restructuring with significant job cuts as CEO Nuno Matos prioritizes speed and performance amid digital platform review.
With initial jobless claims rising and full-time hiring slowing, freelance demand is skyrocketing—1.57 billion freelancers globally and U.S. creative gigs up 25% signal a shift to flexible work.
Tech layoffs rose sharply in the week of August 28–September 3, with major cuts at Krutrim, Exelixis, Bank of Queensland, Voice of America, and Ford signaling renewed turbulence.
Peloton, Kaltura, Yotpo, Windsurf, and Wondery all announced layoffs between August 21–27, 2025, marking another sharp week of job cuts in tech startups and media.
U.S. tech job cuts hit 505 in one week amid ongoing AI and automation waves; part of broader tech slowdown reshaping the workforce.
