Despite Microsoft’s market valuation surpassing $3 trillion in 2024, fueled by rising AI demands, the Redmond giant continues to adjust its workforce strategy, cutting roles even as it eyes future growth. Microsoft confirmed on Wednesday it is laying off a […]

The post Microsoft is laying off more employees amid AI growth challenges first appeared on Tech Startups.

• Job cuts are continuing into 2025 following waves of reductions last year.
• Companies like Microsoft, BlackRock, and Ally have all confirmed cuts.
• See the list of companies letting workers go in 2025.

Layoffs and other workforce reductions are continuing in 2025, following two years of significant job cuts across tech, media, finance, manufacturing, and retail.

While companies' reasons for slimming their staff vary, the cost-cutting measures come amid the backdrop of technological change. Some 41% of companies worldwide are expected to reduce their workforces over the next five years due to the rise of artificial intelligence, according to a recent World Economic Forum report.

Companies like Dropbox, Google, and IBM have previously announced job cuts related to AI. Meanwhile, tech jobs in big data, fintech, and AI are expected to double by 2030, according to the WEF.

Here are the companies with job cuts planned or already underway in 2025 so far.

BlackRock is reportedly cutting 1% of its workforce

BlackRock told employees it plans to cut about 200 people of its 21,000-strong workforce, according to Bloomberg.

The reductions are more than offset by some 3,750 workers who were added last year and another 2,000 expected to be added in 2025.

BlackRock President Rob Kapito and Chief Operating Officer Rob Goldstein said the cuts will help realign the firm's resources with its strategy, Bloomberg reported.

Bridgewater is cutting approximately 90 staff

Bridgewater Associates cut 7% of its staff on Monday in an effort to stay lean, a person familiar with the matter told Business Insider.

The layoffs at the world's largest hedge fund bring its head count back to where it was in 2023, the person said.

Founder Ray Dalio said in a 2019 interview that about 30% of new employees leave the firm within 18 months.

The Washington Post is cutting 4% of its non-newsroom workforce

The Washington Post is eliminating less than 100 employees in an effort to cut costs, Reuters reported Tuesday.

A spokesperson told the wire service that the changes would occur across multiple areas of the business and indicated that the cuts would not affect the newsroom.

"The Washington Post is continuing its transformation to meet the needs of the industry, build a more sustainable future and reach audiences where they are," the spokesperson said, according to Reuters.

Microsoft is planning an unspecified number of cuts

Microsoft is planning job cuts soon, and the company is taking a harder look at underperforming employees as part of the reductions, according to two people familiar with the plans.

A Microsoft spokesperson confirmed cuts but declined to share details on the number of employees being let go.

"At Microsoft we focus on high performance talent," the spokesperson said. "We are always working on helping people learn and grow. When people are not performing, we take the appropriate action."

Ally will cut less than 5% of workers

Digital financial company Ally is laying off roughly 500 of its 11,000 employees, a spokesperson confirmed to BI. The impacted employees were notified on Tuesday.

"As we continue to right-size our company, we made the difficult decision to selectively reduce our workforce in some areas, while continuing to hire in our other areas of our business," the spokesperson said.

The spokesperson also said the company is offering severance, out-placement support, and the opportunity to apply for openings at Ally.

Ally made a similar level of cuts in October 2023, the Charlotte Observer reported.

Is your company conducting layoffs? Got a tip?

If you are an employee with a tip about upcoming job cuts, please contact Dominick via email or text/call/Signal at 646.768.4750. Responses will be kept confidential, and Business Insider strongly recommends using a personal email and a non-work device when reaching out

• Jennifer Gittelman faces prolonged unemployment after a mass layoff in healthcare administration.
• Despite extensive job applications, Gittelman struggles with lack of responses and feedback.
• Gittelman has one regret which she believes may be impacting her ability to get a job

This as-told-to essay is based on a conversation with Jennifer Gittelman, 44, from Philadelphia. It's been edited for length and clarity.

After a 20-year career in healthcare administration, I was part of a mass layoff in April. It sucked, but I remember thinking it would be OK. I figured if I started applying to jobs on July 1, there was no way I'd still be unemployed by the time my unemployment benefits ran out in October. I was wrong.

Here we are in December, and I've hardly done anything since July but apply for jobs all day, every day. As the weeks go by, it's been getting scarier and scarier.

My unemployment benefits ran out, and I'm pinching pennies to hold onto my savings. If I didn't have my 78-year-old mom to take care of, I think I'd just give up. But I can't and won't.

I've been in healthcare administration for pretty much my entire career

I worked at a Medicare DME supply company for 15 years before resigning in 2019 to relocate from Florida to Philadelphia. I take care of my mom, and I wanted to move her closer to our extended family.

I quickly landed a new role in medical staffing as a traveler support specialist. Six months later, the pandemic hit, and by November 2021, my entire branch was dissolved, and I was laid off. After an intense two months of job hunting, which I thought was forever at the time, I landed a job at a medical staffing company as a compliance and credentialing specialist.

I worked steadily there until April, when I was part of a mass layoff. Luckily, I was given a severance package and unemployment benefits through October, which helped cushion the blow.

I decided to rest for the next two months before applying for jobs in July. I haven't received any offers, and it's been a scary, disheartening time.

I've applied to countless jobs

Nearly all of my time, other than cleaning, grocery shopping, and volunteering for a nonprofit, is spent applying for jobs. I've searched through what feels like every job board possible: Indeed, GlassDoor, LinkedIn, ZipRecruiter, and more obscure ones like PowerMyCareer, Monster, and PSG.

I've tried all the free job search memberships and even some paid ones. I've applied to more jobs than I can count and nothing has seemed to work.

It's frustrating because I feel like my résumé is pretty decent. In 20 years, I've only had three jobs, all in the same industry, and I have references from each place. I even have a letter of recommendation from a director at my last job.

I feel like employers have been unprofessional

For most applications, I'm not even getting a response from a human, let alone an opportunity for an interview. Typically, it's just an automated response saying the company is moving forward with someone else. There's no feedback, just rejection. It's insane.

I've had some interviews and a few that I thought went really well — we spoke for an hour, the employer asked lots of questions, we discussed pay, and they even told me I was moving on to the next round.

Then, I'd write them an hour later, thanking them for the interview, and I'd never hear back. The one time I got a written rejection from a person, I asked if it would be possible to provide some feedback as to why I was not chosen. I didn't get a response.

I don't get excited about interviews anymore because who knows what could happen.

I have one regret that might be making it harder to land a job

I didn't finish college, and that's the one thing I regret. I've thought about going back a lot over the years but I couldn't justify accumulating all those student loans when I was already making a solid salary.

Now I feel like maybe I should've gone back to school because, in today's competitive job market, it helps a lot to have a degree.

I feel like I'm in this gray area of being overqualified for regular customer service positions, but because I don't have a degree, I'm underqualified for higher positions, even though I'm technically qualified to do them.

If I get a job offer, I'm taking it

I'm getting more scared as the weeks go by. Before my unemployment benefits ran out, I'd go out and buy a coffee from time to time. Now I won't even grab something at a WaWa. I want to save every penny I can.

At this point, I'm not in a position to turn down any job. It took me forever to save the money I have, and at 44, I don't want to spend my entire savings being unemployed.

I always try to make Christmas really nice for my mom because, at her age, who knows when it's going to be her last. This year I told her I was sorry because I couldn't do that, and she was like "Are you crazy? Do you think I care about presents at this age?" I know she doesn't care, but I can't help but feel bad.

Sometimes, I think, "What if I didn't have my mom to take care of?" Maybe I would just give up, lay in bed, and become homeless. Having someone who depends on me makes it so I can't give up.

This time has been disheartening, but I won't give up.

If you've struggled to find a job since a layoff and would like to share your story, please email Tess Martinelli at [email protected].

• College football used to have a regular season and some bowl games you may or may not have watched.
• Now college football has its own playoffs — and this year, it is supersizing them.
• Can Americans invest even more time watching football? It's a good bet.

Are you ready for some college football? A lot of college football?

Doesn't matter. If you live in America and you're going to be around a TV over the next few weeks, it's going to be hard not to see college football.

That's because this is the first year college football is running a supersize version of its playoffs, featuring 12 teams, up from four. That means there are going to be 11 games — from Friday to January 20 — that are going to get a lot of attention from a lot of people.

The commercial calculation here is straightforward: National playoffs draw national interest for what is often a regional sport. So more national playoff games equals more interest.

That's why Disney's ESPN is paying $1.3 billion a year for the (mostly) exclusive rights to the playoffs. (Disney, somewhat weirdly, has sublicensed a few of the playoff games to its frenemy Warner Bros. Discovery's TNT network.)

ESPN's customers think the playoffs will be popular, too. The network says it has added dozens of new advertisers to its playoff lineup and is boasting about big increases in revenue.

But even before the first snap of the first game, the bulked-up tournament seems like it has already been a hit by boosting the pre-playoff games. Nielsen says regular-season ratings for college football were up 6% this fall compared with 2023 — and up 11% for adults ages 18 to 34.

In a world where traditional TV shrinks every year — and even more so with young viewers — that's quite a bump. And it's exactly what the media industry was hoping for.

"There were more games, throughout more of the regular season, that were meaningful and impactful for the playoff race," says Amanda Gifford, who heads up college football production for ESPN. "Almost every weekend, there were games that had impact."

That boost wasn't just confined to games on ESPN. Mike Mulvihill, who heads up analytics and strategic planning for Fox Sports and Fox broadcast, says his team thought about playoff implications as it was planning which regular-season games it would broadcast this year.

Early in the season, when it wouldn't be clear which schools were likely to compete for a playoff slot, Fox leaned on brand-name matchups, like Alabama vs. Wisconsin. But later in the season, when Indiana became a surprising playoff contender, Fox was delighted to broadcast its game against Ohio State.

I've seen the effects of expanded playoffs play out in real life: A couple of weekends ago, I spent the night with a bunch of middle-age dudes who were toggling between multiple college games, none of which featured Notre Dame, where they had all graduated. But they cared deeply about what happened in games like Texas vs. Georgia because the results could affect where the Irish would end up in the playoff. (Notre Dame ended up matched up against Indiana for the playoff's opening game).

So, if college football is winning, who's losing?

In theory, these games could end up competing with pro football, whose end-of-season games and early-round playoff season overlap with the college tournament. But you'd have to be a very brave person to bet against the NFL — the one thing Americans will watch on TV no matter what.

A much safer wager: College football's playoffs will destroy any remaining interest in all of the also-ran bowl games, which have already been steadily downgraded by fans and networks — some of which don't bother to send announcing crews to the games.

So sorry, Myrtle Beach Bowl. You, too, GameAbove Sports Bowl. And I'm from Minnesota, but I'm still not going to watch the Golden Gophers play Virginia Tech in the Duke's Mayo Bowl. Who cares who wins any of those?

But on Saturday, in the first round of the playoffs, Penn State is playing Southern Methodist — a school I vaguely remember being kicked out of college football for paying players. Now it's essentially legal — and encouraged — and whoever wins gets into an even higher-stakes game 10 days later. Truth be told, I'm not a college football guy. But I'm in, anyway.

Correction: December 20, 2024 — An earlier version of this story misstated the matchup for the Duke's Mayo Bowl. Minnesota is set to play Virginia Tech, not West Virginia.

Spotter, a startup that underwrites creators and offers AI-driven tools, has laid off staff following its partnership with Amazon, according to The Information. The layoffs occurred in early November and affected various parts of the Los Angeles-based company, marking a […]

The post Spotter, a creator startup that provides upfront financing to YouTubers, lays off staff after partnering with Amazon first appeared on Tech Startups.

Earlier this month, Meta Platforms made waves after suspending funding for VR app developers, leading some startups to make tough decisions and lay off their employees. This shift highlights a strategic pivot in Meta’s approach to its VR division, which […]

The post Meta’s funding suspension for VR app developers sparks startup layoffs first appeared on Tech Startups.