Chevron Joins the 2025 Layoff Wave

Chevron is the latest to join this growing list major corporations making deep workforce reductions this year.  They have announced layoffs of 15-20% workforce, impacting roughly 6,830 to 9,100 jobs. as part of a cost-cutting strategy. But they’re not alone:

🔹 JPMorgan Chase is cutting nearly 1,000 jobs this month.

🔹 Meta (Facebook’s parent) just started a 5% reduction, impacting 3,600 employees.

🔹 Estée Lauder is slashing 10% of its workforce, or up to 7,000 jobs

🔹 Workday is laying off 8.5% of its employees, roughly 1,750 people.

🔹 BP is cutting 4,700 employees and 3,000 contractors, impacting 7,700 positions (5% of its workforce).

🔹 Salesforce is eliminating about 1,000 positions in a restructuring effort.

🔹 Starbucks is planning corporate layoffs as part of a broader turnaround strategy.

🔹 Microsoft is downsizing by eliminating underperforming employees.

These developments highlight a broader trend of companies restructuring and downsizing to navigate economic uncertainties and evolving market conditions. 

With so many companies cutting thousands of jobs, the risk of unretrieved IT assets, data security breaches, and compliance violations is greater than ever—especially when disgruntled employees are involved.

Companies undergoing workforce reductions need a secure, streamlined process to retrieve IT assets from remote and in-office workers.  That’s where My IT Retrieval comes in. We handle efficient, secure, and compliant IT asset retrieval, ensuring no company device—or data—goes missing.

Layoffs are tough. Losing track of your IT assets makes it worse.  Let’s keep your data and devices secure.