Week of February 24, 2025

Equipping Tech Professionals to Navigate a Dynamic Job Market

Est. Tech Sector Unemployment Rate (US): 5.7%
Sources: Bureau of Labor Statistics, Major Media Outlets

“Creativity is thinking up new things. Innovation is doing new things."

Theodore Levitt, Economist and Professor

Recent Layoff Notices

  • Starbucks

    • Region: United States

    • Number Affected: 1,100 corporate employees

    • Date: February 24, 2025

    • Details: As part of a restructuring plan under CEO Brian Niccol, Starbucks is laying off 1,100 corporate employees and closing several hundred open positions to increase efficiency. Store employees are not affected.

  • Chevron

    • Region: Global

    • Number Affected: Up to 8,000

    • Date: February 18, 2025

    • Details: Chevron plans to reduce its global workforce by up to 8,000 employees by 2026 as part of a cost-cutting initiative.

  • Southwest Airlines

    • Region: United States

    • Number Affected: 1,750

    • Date: February 18, 2025

    • Details: Southwest Airlines announced layoffs affecting 1,750 employees, aiming to streamline operations amid ongoing economic challenges.

  • Estée Lauder

    • Region: Global

    • Number Affected: Up to 7,000

    • Date: February 8, 2025

    • Details: Estée Lauder plans to cut up to 7,000 jobs worldwide in response to shifting market demands.

  • Kohl's

    • Region: United States

    • Number Affected: Approximately 10% of corporate workforce

    • Date: January 28, 2025

    • Details: Kohl's is reducing nearly 10% of its corporate workforce to streamline operations and reduce costs.

    Nikola Corporation

    • Region: United States

    • Number Affected: 315 employees

    • Date: February 19, 2025

    • Details: Nikola Corporation announced layoffs at its Coolidge, Arizona facility, affecting 315 employees.

  • McKesson Corporation

    • Region: United States

    • Number Affected: 179 employees

    • Date: March 3, 2025

    • Details: McKesson Medical-Surgical, Inc., a subsidiary of McKesson Corporation, filed a WARN notice indicating layoffs in York, South Carolina, affecting 179 employees.

  • John Deere

    • Region: United States

    • Number Affected: 119 employees

    • Date: February 21, 2025

    • Details: John Deere announced layoffs at its Ankeny, Iowa facility, citing reduced demand for equipment and a weakened farm economy.

Sources: State-level WARN Notices*, Major Media Outlets

*The Worker Adjustment and Retraining Notification (WARN) Act requires employers with over 100 employees to provide 60-day advance notices for mass layoffs. State laws differ: California applies to employers with 75 or more workers, while New York requires 90-day notices.

Job Market News

Apple plans to invest $500 billion in the U.S. over four years, adding 20,000 jobs in R&D, AI, and manufacturing, including a new Houston facility.​

Ford is cutting stock bonuses for half of its 3,300 middle managers to reduce costs and enhance performance. This will affect approximately 1,650 managers globally.​

Job Openings

NVIDIA

Amazon

  • Senior Solutions Architect

    • Location: Remote (USA)

    • Date Posted: February 24, 2025

    • $284,000 - $449,000 per year

  • DevOps Engineer

    • Location: Remote (USA)

    • Date Posted: February 24, 2025

    • $162,000 - $444,000 per year

Microsoft

Career Resources

  • Date: February 28, 2025​

  • Virtual

  • Details: Connect with hiring partners from fast-growing startups and Fortune 500 companies in technology across the U.S. and Canada.​