January Saw a Peak in US Layoffs at 82,30 - The Highest in 10 Months

150 

Zoom has confirmed a reduction of about 150 jobs, a 2% reduction in its workforce as part of ongoing strategic evaluations. Last February, Zoom had cut around 1,300 positions, or 15% of its workforce, citing the uncertainties in the global economy. 

6%  

DocuSign plans to reduce its workforce by 6% as part of a restructuring effort aimed at enhancing financial and operational efficiency, affecting approximately 440 jobs out of its 7,336 employees. The company expects to finalize the restructuring by the end of its second fiscal quarter of 2025 and remains optimistic about meeting or surpassing its previously outlined guidance for Q4 and fiscal year 2024. 

5% 

Estée Lauder Companies will lay off 3% to 5% of its workforce as part of a restructuring plan, following a 7% decline in second-quarter sales, focusing on sustainable profitability. The initiative, set to begin in the 2024 fiscal Q3, is expected to cost $500 million to $700 million but aims to generate gross profits of $350 million to $500 million, contributing to an incremental operating profit of $1.1 billion to $1.4 billion in conjunction with the broader profit recovery plan. 

145 

Walgreens wants to cut 145 employees, mainly from its corporate workforce, as part of ongoing cost-cutting efforts aimed at achieving at least $800 million in savings in 2024. The move follows previous layoffs and store closures, with the company still working towards its cost reduction and growth goals. Despite challenges in its U.S. stores, Walgreens reported positive performance in its U.K. Boots locations. 

12K 

UPS plans to cut 12,000 jobs to achieve $1 billion in savings, focusing on management and contracted positions amid softer demand compared to the pandemic peak. With approximately 495,000 employees, UPS plans to cut jobs, primarily among its 85,000 management-level and contracted positions, these reductions would take place in the first half of the year.