Unemployment

On Tuesday, Microsoft said it is cutting less than 3% of its global workforce, including LinkedIn. The company which an estimated 228,000 employees as of last June, meaning the layoffs will affect approximately 6,000 employees. The tech giant, which makes popular software products Windows and Word, will make cuts across various locations, teams, and roles. “We continue to implement organizational changes necessary to best position the company for success in a dynamic marketplace,” a Microsoft spokesperson told Fast Company.

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Microsoft is laying off thousands of its employees this week, according to media reports. Newsweek reached out to Microsoft for comment via email. More than 100 large companies across various industries are laying off employees in May as businesses across the country are grappling with a shifting landscape including the potential for tariffs and emerging technologies that are reshaping the workforce.

Microsoft says it is laying off nearly 3% of its entire workforce. Microsoft says it is laying off nearly 3% of its entire workforce. The tech giant didn't disclose the total amount of lost jobs but it will amount to about 6,000 people. Microsoft employed 228,000 full-time workers as of last June, the last time it reported its annual headcount. About 55% of those workers were in the U.S. Microsoft said the layoffs will be across all levels and geographies but will focus on reducing management levels. Notices went out...

JPMorgan Chase has filed notice of 145 potential layoffs effective next month at its Jersey City offices, according to the New Jersey Department of Labor. The WARN notice filed in April lists June 23 as the effective date of the layoffs. The layoffs are the second so far this year for JPMorgan, which is considered the nation’s largest bank by assets, according to the latest release from The Federal Reserve Board. JPMorgan disclosed in February that it was laying off 121 employees in May at its Jersey City offices, according...

There were signs of softening in Northern Ireland's job market last month despite unemployment at a record low, according to official figures. There were 810,200 workers on company payrolls in April, that's a decrease of 0.1% over the month but up 1.1% on the same time the previous year. The typical monthly pay packet continued to grow to £2,427 in April, which is an increase of £238 or 10.9% on the previous year. The fact that wages at growing faster than the rate at which prices are rising, known as...

'I used my back garden to help others after job loss' A man who started growing food in his back garden to help people in need hopes to "inspire people to do the same". Christopher Jones began growing food after losing his job as a security guard at the start of the coronavirus pandemic in 2020. "I'd lost everything in lockdown. I had no jobs, I had nothing. "I was struggling financially and I thought, well, I've got a big garden - I'll turn it into a bit of an...

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information

FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.

A Clinton-appointed judge has temporarily blocked the Trump administration from laying off huge swaths of the federal bureaucracy and eliminating certain offices. The decision by U.S. District Judge Susan Illston to implement a 14-day injunction comes months after President Donald Trump signed an executive order calling for the federal government to be drastically shrunken. “In February, Trump directed agencies to work with DOGE to identify targets for mass layoffs as part of the administration’s plans to restructure the government,” according to Fox News.

A federal judge on Friday called for a two-week pause in the Trump administration’s mass layoff plans, barring two dozen agencies from moving forward with the largest phase of the president’s downsizing efforts, which the judge said was illegal without Congress’s authorization. Of all the lawsuits challenging President Trump’s vision to dramatically scale back the form and function of the federal government, this one is poised to have the broadest effect yet. Most of the agencies have yet to announce their downsizing plans, but employees across the government have been...

A federal judge on Friday issued a temporary pause on the Trump administration’s plans to restructure various government agencies and cut tens of thousands of federal workers because the government overhaul was not authorized by Congress. U.S. District Judge Susan Illston put a 14-day pause on the mass layoffs, siding with a group of unions, non-profits and local governments after they filed a lawsuit on April 28. Illston said Trump may broadly restructure federal agencies, but only in "lawful ways" with approval from Congress. "The President has the authority to...