Tech and business giants HP Inc., Meta, and Grubhub are enacting major layoffs as they grapple with economic uncertainty, evolving market conditions, and strategic realignments. The job cuts, affecting thousands of employees, underscore the mounting challenges faced by companies across industries.

HP Inc. plans to lay off up to 2,000 employees as part of its Future Ready program, designed to streamline operations and boost efficiency. While the restructuring will cost the company approximately $150 million, it is expected to generate $300 million in savings.

“These incremental structural savings will be a key lever to help offset macro and geopolitical uncertainties while also continuing to fuel investments in our key growth areas and AI innovation, all designed to position us well for long-term sustainable growth,” HP CFO Karen Parkhill said during an earnings call.

The layoffs are part of a broader strategy to save $1.9 billion between 2023 and the end of this fiscal year. With a global workforce of approximately 58,000 employees in 2024, HP aims to fortify its financial position, targeting free cash flow of $3.6 billion and earnings per share of $3.16, according to CEO Enrique Lores.

In response to supply chain risks, HP has also shifted its manufacturing strategy, ensuring that 90% of its North American products will be made outside China by year-end. This move aligns with HP’s broader efforts to adapt to global trade dynamics and optimize operations.

Meanwhile, Meta has terminated 20 employees for leaking company information to the media, amid growing scrutiny over CEO Mark Zuckerberg’s political stance. The firings, first reported by The Verge, were later confirmed by Meta, with indications that further terminations could follow.

"We tell employees when they join the company, and we offer periodic reminders, that it is against our policies to leak internal information, no matter the intent," a Meta spokesperson stated. "We take this seriously and will continue to take action when we identify leaks."

The crackdown comes as Zuckerberg navigates shifting political affiliations, including a developing relationship with former U.S. President Donald Trump. Reports suggest that Meta has eased its content moderation policies and aligned its leadership more closely with conservative viewpoints, sparking concern among employees and stakeholders.

In the food delivery sector, Grubhub is cutting approximately 500 jobs—more than 20% of its workforce—following its acquisition by Wonder. The move aims to streamline operations and eliminate redundancies.