List of Companies Laying Off Employees in May
A growing number of U.S. companies across various industries are laying off workers in May, according to WARN filings, which track large-scale job cuts. Layoffs are affecting thousands of employees in sectors including tech, defense, manufacturing, and healthcare, with some major companies like Meta planning significant reductions. These workforce reductions highlight ongoing economic pressures and could impact workers' benefits and regional economies.
- ▪Meta plans to lay off approximately 8,000 employees globally starting May 20 as part of a restructuring focused on efficiency and AI initiatives.
- ▪Swedish Match Cigars Inc. will close its Dothan, Alabama, facility by May 31, resulting in 54 job losses.
- ▪General Dynamics Information Technology filed a WARN notice indicating up to 87 employees in Washington, D.C., could be laid off by mid-summer.
- ▪Companies such as JP Morgan Chase, Mattel, Experian, and Textron Systems are among those that have filed WARN notices or confirmed layoffs in May.
- ▪HR consultant Bryan Driscoll criticized corporate priorities, stating that profit-driven decisions are fueling preventable job cuts.
Opening excerpt (first ~120 words) tap to expand
By Suzanne BlakeReporter, Consumer & Social TrendsShareNewsweek is a Trust Project memberSee more of our trusted coverage when you search.Prefer Newsweek on Googleto see more of our trusted coverage when you search.A growing number of U.S. companies are laying off workers in May, according to Worker Adjustment and Retraining Notification (WARN) filings.While WARN notices do not capture every layoff nationwide, they offer one of the clearest public indicators of large job cuts scheduled to take effect, particularly for plant closures and mass layoffs involving 50 or more employees.Companies across industries, including manufacturing, healthcare, defense contracting and tech, have filed notices or confirmed plans that point to layoffs beginning or continuing in May.Why It MattersThese…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Newsweek.
Discussion
0 commentsMore from Newsweek
