Danish shipping giant A.P. Moller-Maersk has announced plans to cut around 1,000 corporate jobs as it faces falling earnings caused by lower freight rates and continued overcapacity in the global shipping industry.
The company said the job cuts will affect about 15% of its corporate roles across regions, countries and its headquarters.
The reduction represents less than 1% of Maersk’s total workforce of around 100,000 employees worldwide.
Maersk said the move is part of efforts to simplify its organisation, reduce corporate overheads and maintain strong cost discipline.
The company expects the measures to deliver annual cost savings of about $180 million and will also increase its focus on using artificial intelligence to improve efficiency.
Maersk’s announcement came alongside financial results showing a decline in revenue and profits in 2025, even as shipping volumes increased.
The company reported revenue of $54 billion for the year, down from $55.5 billion in 2024. Net profit more than halved to $2.7 billion from $6.1 billion, marking the company’s lowest profit level in the past five years.
Shipping volumes increased by 4.9%. However, Maersk said
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