The shipping company is dealing with a drop in earnings and too much capacity expected in 2025. The job cuts will affect 15% of corporate positions but less than 1% of Maersk’s roughly 100,000 workers worldwide.
The company’s revenue fell to $54 billion from $55.5 billion in 2024. Net profit fell by more than half to $2.7 billion, mainly because Ocean transport earnings dropped by almost a third. Shipping volumes rose 4.9%, but earnings were hurt by lower freight rates (due to excess capacity) and global issues like the Red Sea route closures.
Maersk said the layoffs should make the organization simpler, lower corporate costs, and keep expenses in check, including using more AI. The company predicts annual savings of $180 million.
Looking to 2026, the company anticipates shipping volume growth of 2–4%. But at today's rates, operating profit could be anywhere from a $1.5 billion loss to a $1 billion gain. The company is staying focused on making its logistics network more streamlined across about 130 countries.
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