Major Layoffs In July: Microsoft, UKG, Unacademy, Dyson And More

These layoffs may be necessary for organisational survival and strategic adjustments, but their effects on the employees affected by the layoffs are widespread and complex

From Nike to Dyson, companies across different sectors are firing people in an effort to optimise costs and regain their profit margins

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Layoffs across the industry are not showing any signs of slowing down, as companies continue to fire a significant number of employees this month as well. From industry giants to small start-ups, every sector is dealing with difficult times amid economic challenges, and firing employees is one way these firms are coping with these testing times.

From Nike to Dyson, companies across different sectors are firing people in an effort to optimise costs and regain their profit margins. These layoffs may be necessary for organisational survival and strategic adjustments, but their effects on the employees affected by the layoffs are widespread and complex. Here are some of the major layoffs carried out in the month of July.

Unacademy Layoffs

Unacademy, the Edtech startup backed by SoftBank, reportedly conducted a new round of layoffs in July, impacting 250 employees. According to The Economic Times report, around 100 employees from core departments like business development and marketing have been affected, with the remainder coming from the sales department.

UKG Layoffs

UKG carried out major layoffs this month, reducing its workforce by about 2,200 employees. In an email obtained by the Business Journal, CEO Chris Todd revealed that the company had cut roughly 14 per cent of its staff. Additionally, several affected employees took to LinkedIn to share news of the layoffs.

Microsoft layoffs

Microsoft, the tech giant, is initiating another round of layoffs this month. According to a report from Wired Geek, these job cuts will impact various teams and locations worldwide. However, the company has not yet revealed the exact number of employees affected by these layoffs.

Nike Layoffs

Nike is currently grappling with severe financial challenges, resulting in a major workforce reduction. The US newspaper Oregonian reported that the recent layoffs involved the termination of 732 senior positions, including 32 vice presidents, 112 senior directors, and 174 directors. This accounts for over 40 per cent of the total job cuts.

Dyson Layoffs

Dyson, the manufacturer of vacuum cleaners and hair styling tools, has announced plans to reduce its workforce in Britain by nearly 1,000 employees. This cut represents over a quarter of the company's total workforce in the country.

PwC Layoffs

PwC laid off its workforce across its operations in China in response to a notable decline in corporate clients, according to Bloomberg. This reduction has negatively impacted the accounting firm’s revenue outlook in the region.

Intuit Layoffs

IT firm Intuit plans to cut its workforce by 1,800 employees as part of a strategy to replace underperforming staff and executives with new hires. The company aims to focus on enhancing its products with artificial intelligence.

Unilever Layoffs

Unilever plans to cut one-third of its office positions in Europe by the end of 2025 as part of CEO-led efforts to revitalise growth at the struggling consumer goods company. 

Salesforce Layoffs

Salesforce has reportedly reduced its workforce by approximately 300 employees as part of a broader effort to optimise operations, underscoring the tech industry's continued focus on cost management.

Warner Bros. Discovery Layoffs

Warner Bros. Discovery (WBD) has reportedly initiated a new round of layoffs affecting about 1,000 employees across sectors. The layoffs impacted various areas, including finance, business affairs, production, and roles at the streaming platform Max.

BBC Layoffs

BBC announced its plan to cut 500 jobs over the next two years. The company aims to save 200 million euros ($258 million) and transform into a "leaner, more agile organisation" in response to financial challenges highlighted in its annual report.

WayCool Layoffs

Chennai-based agriculture supply chain startup WayCool Foods has reportedly laid off over 200 employees across multiple departments. This latest round of layoffs, the third in the past 12 months, is part of the company’s efforts to streamline operations and mitigate losses amid difficulties in securing funding, according to a Moneycontrol report.