Microsoft is planning job cuts in the new year, Business Insider previously reported.RICCARDO MILANI/Hans Lucas/AFP via Getty ImagesJob cuts are continuing into 2025 following waves of reductions last year.Companies like Microsoft, BlackRock, and Ally have all confirmed cuts.See the list of companies letting workers go in 2025.Layoffs and other workforce reductions are continuing in 2025, following two years of significant job cuts across tech, media, finance, manufacturing, and retail.While companies' reasons for slimming their staff vary, the cost-cutting measures come amid the backdrop of technological change.