What's behind company layoffs
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 4 July 2025
⏱️ 10 minutes
🧾️ Download transcript
Summary
Layoffs have been in the headlines a fair amount recently, with some companies cutting jobs in stages. Microsoft, Amazon and BlackRock are among the employers that have reportedly had repeated rounds of layoffs in recent months. Plus, it's been 10 years since Ireland became the first country in the world to legalize same-sex marriage by popular vote. A decade later, these couples are contributing significantly to the wedding business in Ireland at a time when overall marriage numbers are falling. Our BBC colleague Leanna Byrne visited her hometown of Dublin to speak to couples and vendors about how the wedding industry has changed.
Transcript
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| 0:52.6 | the lights on. It's about keeping |
| 0:54.4 | everything secure. What's behind company layoffs? From Marketplace, I'm Nancy Marshall |
| 1:02.6 | Genser in for David Boncaccio. Happy 4th of July. Layoffs have been in the headlines a fair |
| 1:08.1 | amount recently with some companies cutting jobs in stages. |
| 1:11.9 | Microsoft, Amazon, and BlackRock are among the employers that have reportedly had repeated |
| 1:16.7 | rounds of layoffs in recent months. Marketplace's Stephanie Hughes looks at why this happens. |
| 1:22.4 | Managing the size of a workforce is difficult. And Josh Burson, an industry analyst who studies |
| 1:27.3 | human resources, says companies don't always get it right. And Josh Burson, an industry analyst who studies human resources, |
| 1:28.5 | says companies don't always get it right. And we look around, we say, hey, we got too many |
| 1:33.1 | people. How do we get all these people? Well, I don't know. So-and-so hired a bunch of people, |
| 1:36.8 | so-and-so-hired a bunch of people. Let's cut a bunch of headcount. So this cycle goes around |
| 1:41.2 | and around and around. Burson says investors often pressure companies to reduce headcount as a way to cut costs. |
| 1:48.2 | And right now, that's taking the form of expanding the use of artificial intelligence to reduce the need for human labor. |
| 1:54.9 | So virtually every company is having a conversation about how do we buy more AI and implement it quickly and reduce the |
| 2:02.8 | number of people. |
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