Skip to content
Options Trading Report

Options Trading Report

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Top News
  • Newsletters
  • Home
  • 2025
  • January
  • Berkshire Hathaway has shed more than 4,000 jobs
  • Business

Berkshire Hathaway has shed more than 4,000 jobs

Editor January 31, 2025
2025-01-31T192710Z_2_LYNXNPEL0U0TV_RTROPTP_4_BERKSHIRE-BUFFETT-JOBS

(Reuters) – Berkshire Hathaway said on Friday it has shed more than 4,000 jobs over the last year, even as the conglomerate run by Warren Buffett is on pace to post a record annual operating profit.

In a regulatory filing, Berkshire said its dozens of operating businesses employ about 392,000 people, down from 396,440 shown in its most recent annual report last February.

The filing did not say which businesses have cut, or added, jobs. Larger Berkshire-owned employers include the BNSF railroad, Geico car insurer, Marmon manufacturing and service operations, and the Pilot truck stop chain.

Buffett’s assistant did not immediately respond to a request for comment.

Berkshire seeks to own strong businesses it can hold onto forever, but will make job cuts to address changing markets or business priorities.

Geico cut 7,700 jobs in 2023 as it combated underwriting losses, while Precision Castparts cut 13,400 jobs in 2020 as the COVID-19 pandemic destroyed demand for its aircraft parts.

More recently, Pilot shuttered its international oil trading business and let go most of that business’s leaders, to focus on truck stops and service stations.

Berkshire reported a record $37.35 billion of operating profit in 2023, and $32.91 billion of operating profit in the first nine months of 2024. It is expected to report full-year results for 2024 in late February.

Buffett, 94, has led Berkshire since 1965. The Omaha, Nebraska-based conglomerate is decentralized, and Buffett is not involved in its subsidiaries’ day-to-day operations.

(Reporting by Jonathan Stempel in New York; Editing by Bill Berkrot)

About the Author

Editor

Administrator

Author's website Author's posts

Continue Reading

Previous: Apple rises as rosy forecast lifts hopes for iPhone rebound
Next: Explainer-Can the US Congress intervene on Trump’s tariffs?

Related Stories

2025-07-15T153004Z_1_LYNXMPEL6E0PL_RTROPTP_4_FRANCE-TESLA
  • Business

Tesla’s top North American sales executive leaves, WSJ reports

Editor July 15, 2025
2025-07-09T153930Z_2_LYNXMPEL680QD_RTROPTP_4_SAUDI-ARAMCO-POWER-PLANTS
  • Business

Exclusive-Oil giant Saudi Aramco in talks with Commonwealth LNG for offtake agreement, sources say

Editor July 9, 2025
2025-07-07T042911Z_3_LYNXMPEL6601M_RTROPTP_4_USA-TRUMP
  • Business

Trump says alignment with BRICS’ ‘anti-American policies’ to invite additional 10% tariffs

Editor July 7, 2025

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Want More Market News?
Add your email address below to get up to date market news and more!
By submitting the form you agree to the Privacy Policy of Options Trading Report and agree to receive our email updates and special offers. As a bonus, you will also get a free subscription to MTA Trade of the Day, Privacy Policy. You will receive special offers and advertisements from Options Trading Report and MTA Trade of the Day and our affiliates. You may unsubscribe at any time.

Search

Recent Posts

  • Crypto week legislation hits snag in US Congress, some stocks fall
  • Trump says US will be fighting China ‘in a very friendly fashion’
  • Tesla’s top North American sales executive leaves, WSJ reports
  • Crypto week legislation hits snag in US Congress, some stocks fall
  • White House National Security Council hit by more departures, sources say

Categories

  • Business
  • Market News
  • Newsletters
  • Options
  • Reflections

You may have missed

  • Newsletters

Crypto week legislation hits snag in US Congress, some stocks fall

Editor July 15, 2025
2025-07-15T201709Z_1_LYNXMPEL6E0XQ_RTROPTP_4_USA-TRUMP

Trump says US will be fighting China ‘in a very friendly fashion’

Editor July 15, 2025
2025-07-15T153004Z_1_LYNXMPEL6E0PL_RTROPTP_4_FRANCE-TESLA
  • Business

Tesla’s top North American sales executive leaves, WSJ reports

Editor July 15, 2025
2025-07-15T203614Z_3_LYNXMPEL6E0X2_RTROPTP_4_USA-CONGRESS-TAX

Crypto week legislation hits snag in US Congress, some stocks fall

Editor July 15, 2025
  • Home
  • Terms of Service
  • Privacy Policy
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Options Trading Report | optionstradingreport.com