Global Tech, Energy Firms Announce Over 150,000 Job Cuts in 2025 Restructuring

In 2025, the tech industry continues to experience significant layoffs, with over 80,000 employees cut across various months, as companies increasingly adopt AI and automation to streamline operations, impacting jobs in customer service and sales among others. Concurrently, the global energy sector faces substantial job reductions amid weakening crude oil prices and industry consolidation, with major companies planning to slash thousands of jobs worldwide, including significant workforce cuts by Canadian firms and multinational corporations. Imperial Oil Ltd. announced layoffs of around 1,000 workers as part of its cost-cutting and strategic shift toward sustainable energy, highlighting challenges faced by local communities and the broader energy sector. These layoffs reflect broader trends of restructuring and workforce reduction in response to economic pressures and shifts toward greener energy solutions, with companies like BP and Halliburton also downsizing their global staff. The energy sector's adjustments underscore the tension between maintaining operational efficiency and the need to invest in emerging renewable markets. Overall, both the tech and energy industries are undergoing transformative workforce changes driven by technological advancement and market dynamics, with significant implications for employees and communities.