In 2025, widespread layoffs are impacting multiple industries including technology, retail, and energy. Major companies like Exxon, Starbucks, Oracle, Nike, and Scale AI are among those reducing their workforce. This wave of job cuts reflects broader economic shifts and challenges faced by businesses across sectors. The video highlights the scope and implications of these layoffs, shedding light on the evolving job market and the pressures companies are experiencing in the current economic climate.