Siemens announced plans to reduce 5,600 positions within its Digital Industries division, representing over 8% of the unit's global workforce, due to weak market conditions in Germany and China.
Amazon implemented significant workforce reductions, affecting 1,900 employees across various departments, as part of its efforts to streamline operations in 2025.
Financial technology company Stripe announced layoffs impacting 300 employees, aiming to adjust to changing market dynamics and maintain financial stability.
Online luxury watch marketplace Chrono24 reduced its workforce by 110 positions as part of a strategic restructuring plan to improve profitability.
Aurora Solar, a solar industry software provider, implemented layoffs to align its resources with current market demands, though specific numbers were not disclosed.