{"id":77268,"date":"2026-02-05T08:54:52","date_gmt":"2026-02-05T11:54:52","guid":{"rendered":"https:\/\/shipping.einnews.com\/article\/889590469"},"modified":"2026-02-05T08:54:52","modified_gmt":"2026-02-05T11:54:52","slug":"maersk-layoffs-shipping-giant-to-cut-1000-jobs-after-revenue-sinks","status":"publish","type":"post","link":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/2026\/02\/05\/maersk-layoffs-shipping-giant-to-cut-1000-jobs-after-revenue-sinks\/","title":{"rendered":"Maersk layoffs: Shipping giant to cut 1,000 jobs after revenue sinks"},"content":{"rendered":"
<\/div>\n
\n

Maersk said on Thursday that it would lay off <\/a>1,000 corporate employees as the shipping giant seeks to cushion the impact of deteriorating freight rates following the gradual reopening of Red Sea routes.<\/p>\n<\/div>\n

\n

The Denmark-based company posted lower revenue for 2025 and warned that the industry is struggling with continued overcapacity, a trend that may persist this year. The shares of the firm fell on the announcement.<\/p>\n<\/div>\n

\n

The company’s shares were down 5.73% at 15,065 Danish Krone following the announcement. Maersk is listed on NASDAQ Copenhagen Exchange.<\/p>\n<\/div>\n

\n

Maersk said it was taking these steps to \u201cmaintain strong cost discipline\u201d by simplifying the organisation and \u201creduce the company’s corporate overhead\u201d. It also plans to focus on the use of artificial intelligence applications, Bloomberg <\/i>reported.<\/p>\n<\/div>\n

\n

How many positions will be affected globally?<\/h2>\n

Maersk’s planned job cut of 1,000 people is equivalent to 15% of roles in its corporate functions, but under 1% of the total workforce. Maersk has around 100,000 employees <\/a>globally, the agency report said.<\/p>\n<\/div>\n

\n

According to the company, the annual cost cuts will be $180 million. Maersk posted a decline in revenue to $54 billion last year, compared to $55.5 billion in 2024, even though its shipping volumes rose.<\/p>\n<\/div>\n

\n

Volumes grew 4.9%, in line with the overall market, but profits still declined as shipping prices dropped due to too many ships chasing limited demand, the company said.<\/p>\n<\/div>\n

\n

Net profit was more than halved to $2.7 billion, down from $6.1 billion in 2024, which Maersk said resulted mainly from \u201cthe significant decrease\u201d in Ocean transport earnings, which fell by nearly a third to $6.3 billion.<\/p>\n<\/div>\n

\n

What caused the drop in revenue?<\/h2>\n

The latest earnings report showed that the company reported its lowest net profit in five years in 2025.<\/p>\n<\/div>\n

\n

\u201cGlobal trade in 2025 continued to be shaped by unprecedented and persisting volatility,\u201d the company said. \u201cThe continued closure of the Red Sea, renewed tariff measures and ongoing geopolitical tensions disrupted supply chains and amplified uncertainty.\u201d<\/p>\n<\/div>\n

\n

Operating profit (EBIT) came in at $3.5 billion for 2025, beating the $3.2 billion expected by analysts according to FactSet, but representing a sharp decline compared to the $6.5 billion the company reported for 2024.<\/p>\n<\/div>\n

\n

For 2026, Maersk expects shipping volumes to grow between 2% and 4%, but at projected shipping rates, this would likely lead to a further drop in operating profit. The company said its operating result next year could range from a loss of $1.5 billion to a profit of $1 billion.<\/p>\n<\/div>\n

\n

AP Moller-Maersk is an integrated container logistics <\/a>company. Headquartered in Copenhagen, it connects and simplifies supply chains across more than 130 countries.<\/p>\n<\/div>\n

<\/a><\/strong> <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

… the shipping<\/span> giant seeks to cushion the impact of deteriorating freight<\/span> … but profits still declined as shipping<\/span> prices dropped due to too … . For 2026, Maersk expects shipping<\/span> volumes to grow between 2% … 4%, but at projected shipping<\/span> rates, this would likely …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-77268","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"_links":{"self":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/77268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/comments?post=77268"}],"version-history":[{"count":0,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/posts\/77268\/revisions"}],"wp:attachment":[{"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/media?parent=77268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/categories?post=77268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new7.shop\/zerocostfreehost\/index.php\/wp-json\/wp\/v2\/tags?post=77268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}