In Reply to: Why are they suprised? That is an easy bet. posted by Bruinfan4ever on October 01, 2025 at 11:34:32
some companies are laying off employees in response to increased costs and economic uncertainty caused by new tariffs. However, this is not the only strategy businesses use to cope with tariffs, and the overall impact varies by industry and company.
Examples of recent layoffs linked to tariffs
Stellantis: Citing new tariffs, the automaker announced temporary layoffs for 900 factory workers in April 2025. The company also idled plants in Mexico and Canada due to tariffs.
UPS: The shipping giant cited tariffs and other factors for its May 2025 decision to cut 20,000 jobs and close over 150 facilities.
Procter & Gamble (P&G): P&G cited tariff pressures as a factor in its plan to cut approximately 7,000 jobs by 2026.
Cleveland-Cliffs: The steel and mining firm laid off 1,200 workers in April 2025, citing fallout from new tariffs.
Microsoft and Citigroup: These large companies also announced job cuts in 2025, with news outlets citing tariffs and rising costs as key factors.