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10 Biggest 2025 Layoffs Announced So Far: Inside the Massive Job Cuts
The global job market in 2025 has been significantly affected by widespread layoffs across major industries. From technology to automoti..
Impact: Beyond the human cost, relying less on external automotive chips and foundry operations signals serious strategic realignment, with ripple effects across supply chains and innovation roadmaps. What happened: Jack Dorsey’s fintech firm, Block (the parent of Square, CashApp, Afterpay, Tidal), announced plans to lay off nearly 1,000 employees, marking its second major reduction in just over a year. Cost discipline: Economic uncertainty is pushing companies to tighten operating expenses and stop feeding underperforming business lines, often restructuring with no severance or benefits in cases like Microsoft and Block.
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