Copenhagen-based shipping giant A.P. Moller-Maersk announced layoffs of up to 1,000 corporate staff on February 5, 2026, as part of a broader cost-cutting drive. The cuts represent 15% of office roles and less than 1% of its 100,000 global workforce, focusing on headquarters functions in Denmark and other locations.
The decision follows a tough 2025 where revenue dropped 2.8% to $54 billion despite ocean volumes rising 4.9%. Operating profit fell to $3.5 billion from $6.5 billion the prior year, with net profit halving to $2.7 billion amid plunging freight rates and overcapacity in container shipping.
Maersk CEO Vincent Clerc stated the reductions target $180 million in annual savings to streamline operations amid market pressures. Red Sea disruptions forced rerouting, inflating costs earlier, but normalizing routes have eased rates further. Geopolitical tensions and new tariffs add uncertainty.
For 2026, Maersk expects 2-4% volume growth but forecasts operating results ranging from a $1.5 billion loss to a $1 billion profit at current freight levels. The firm is ramping up AI for efficiency gains and vessel ordering to counter Chinese dominance.
Industry analysts note the layoffs reflect a post-boom reset, with carriers like Maersk adapting to softer demand. No seafarer or terminal jobs are affected, prioritizing operational resilience.