The Layoffs List of 2026: Meta, Amazon, Walmart, and Dropbox

Amazon mentioned in January that it will get rid of round 16,000 corporate roles globally.

Beth Galetti, senior vp of individuals expertise and expertise, described the January transfer in an organization memo as a part of broader efforts to chop again on paperwork inside the corporate.

The cuts adopted mass layoffs from October 2025, when the tech and retail big shed 14,000 roles.

In May, Amazon’s Selling Partner Services group slashed further jobs because it continued to reshape its group.

“Following a current evaluation, we have made the tough determination to get rid of a comparatively small variety of roles in our Selling Partner Services group,” a spokesperson informed Business Insider.

American Express took a $336 million restructuring cost because it plans to chop round 5% of its workforce, the corporate introduced throughout its third-quarter earnings name.

It employed round 77,000 folks by the top of 2025, which means the layoffs might impression between 3,000 and 4,000 staff.

On the earnings name, the corporate additionally highlighted how AI has modified its inner construction.

“There’s been a number of discuss how firms are utilizing AI to extend productiveness, automate processes, and customarily make their organizations extra environment friendly,” Stephen Squeri, Amex’s CEO, mentioned throughout an October earnings name. “We’re utilizing AI to do all of these issues too.”

Angi, the favored contractor itemizing website as soon as often called Angie’s List, mentioned in January that it was slicing round 350 jobs “to scale back working bills and optimize the organizational construction in help of long-term progress.” The firm additionally mentioned it is making the cuts “in mild of AI-driven effectivity enhancements.”

In a January 7 SEC submitting, Angi mentioned that the cuts would save between $70 million and $80 million in annual spending. The layoffs will price the corporate between $22 million and $30 million, in keeping with the submitting.

Atlassian, the enterprise software program firm and maker of Confluence, mentioned on March 11 that it is going to be slicing about 10% of its workforce because it invests in AI to reshape its group.

CEO Mike Cannon-Brookes mentioned in a press release that about 1,600 staff will likely be affected by the cuts.

“We essentially consider folks and AI create one of the best outcomes. Our strategy just isn’t ‘AI replaces folks,'” Cannon-Brookes mentioned. “But it will be disingenuous to fake AI would not change the combo of abilities we’d like or the variety of roles required in sure areas. It does.”

The firm expects to incur $225 million and $236 million in restructuring costs, in keeping with an SEC submitting.

Barclays, the British financial institution, disclosed plans to chop round 5% of its workforce.

Anna Cross, the Group Finance Director of Barclays, mentioned on an October 22 earnings name that the corporate expects greater than GBP 1 billion in effectivity financial savings in 2027, which can contain lowering its head depend by 5,000 full-time staff.

Cross mentioned that 60% of affected staff are associated to “help features, together with fewer builders as AI makes our folks extra productive.”

The firm reported Q3 pretax revenue of GBP 2.3 billion — about $3 billion — up 12% from the identical quarter a yr earlier.

Barclays CEO, C.S. Venkatakrishnan, mentioned that the corporate is shifting to “drive even higher price effectivity by means of deep technological transformation, lowering the unit price of product, manufacturing, service and innovation.”

British American Tobacco mentioned it’ll minimize 9,000 jobs by the top of the yr, about one-fifth of its workforce. The cuts won’t impression the US arm of its trade.

“We are constructing a future-ready organisation that’s extra agile, price disciplined and expertise enabled,” CEO Tadeu Marroco mentioned within the assertion.

The firm, whose cigarette portfolio consists of manufacturers like Lucky Strike and Dunhill, has stepped up its push in recent times into smoke-free options, equivalent to nicotine pouches and vapes.

Citi will minimize extra jobs this yr as a part of its plan to scale back its workforce by 10%, or 20,000 staff.

In a press release on January 13, the financial institution mentioned that it’ll proceed to scale back head depend in 2026.

“These adjustments mirror changes we’re making to make sure our staffing ranges, places and experience align with present trade wants,” a spokesperson for Citi mentioned.

The plan was detailed within the company’s January 2024 earnings report and will save the financial institution as a lot as $2.5 billion.

Cybersecurity firm Cloudflare on May 7 mentioned it plans to chop roughly 20% of its international workforce, affecting greater than 1,100 staff.

In an internal memo, Cloudflare executives mentioned the corporate’s use of AI has climbed greater than 600% over the previous three months, and that the speedy shift has compelled the corporate to rethink its construction.

“We wish to be clear that this determination just isn’t a mirrored image of the person work or expertise of these leaving us,” Cloudflare executives wrote within the May 7 memo. “Instead, we’re reimagining each inner course of, group, and position throughout the corporate.”

The firm’s shares fell greater than 14% in prolonged buying and selling following the announcement.

The CEO of Coinbase, Brian Armstrong, mentioned in a letter to workers on May 5 that 14% of its workers could be minimize, largely due to AI.

“AI is altering how we work. Over the previous yr, I’ve watched engineers use AI to ship in days what used to take a group weeks,” wrote. “The tempo of what is attainable with a small, targeted group has modified dramatically, and it is accelerating day-after-day.”

Armstrong mentioned this is able to imply fewer layers and quicker selections within the firm. No pure managers, he mentioned — all leaders will now be required to get caught in and “get their arms soiled.”

“AI is bringing a profound shift in how firms function, and we’re reshaping Coinbase to guide on this new period,” he added.

Crypto.com CEO Kris Marszalek mentioned in March that the corporate laid off 12% of its workforce, together with “roles that don’t adapt in our new planet.”

“Companies that transfer instantly and pair one of the best AI instruments with top-performers will obtain a stage of scale and precision that was beforehand inconceivable,” Marszalek wrote in a publish on X. “This is the place we should go.”

Dell cut its workforce by 10% for the third yr in a row, the corporate mentioned in its annual submitting with the SEC.

As of January 31, 2026, the corporate had 97,000 staff, down 11,000 from the identical time final yr. The decline consists of each layoffs and attrition, Business Insider reported.

eBay is about to get rid of about 800 jobs globally, making up 6% of its workforce. The firm informed Business Insider that it is taking steps to higher align with its strategic priorities.

“We are grateful for the contributions of the workers impacted and are dedicated to supporting them with care and respect,” an organization spokesperson mentioned in a press release.

Epic Games, the corporate behind Fortnite, mentioned in March that it will lay off greater than 1,000 folks — about 20% of its workforce — as engagement with the sport declined.

CEO Tim Sweeney mentioned in a memo that the layoffs “aren’t associated to AI.”

“To the extent it improves productiveness, we wish to have as many superior builders creating nice content material and tech as we will,” Sweeney mentioned.

Estée Lauder mentioned in its May earnings report that it’ll deepen its beforehand introduced cuts, which at the moment are anticipated to have an effect on as much as 10,000 jobs.

More than two-thirds of the reductions are in cashier and demonstration roles at lower-performing retail and shops.

Etsy mentioned August 5 that it’s shedding about 220 staff, roughly 12% of its workforce.

“We will likely be saying goodbye to roughly 220 colleagues throughout the corporate, with many of the adjustments concentrated in Product & Engineering,” the corporate’s CEO, Kruti Patel Goyal, informed staffers in a memo.

The firm additionally reported its second-quarter monetary outcomes on Wednesday.

While Goyal’s memo made no point out of AI or its potential menace to jobs, she mentioned that the cuts had been a preemptive transfer.

“The reply is that right now’s selections aren’t a mirrored image of this quarter and even this yr, however of the place Etsy must go subsequent,” she wrote.

Expedia confirmed to Business Insider that it had laid off some staff on January 26 and had additionally posted new job openings. It’s unclear what number of of its staff had been affected by the cuts.

“We are eliminating roles in addition to opening some new roles as we stay disciplined about assessing the abilities we’d like for the long run,” an Expedia Group spokesperson mentioned in a press release. “We are additionally simplifying our construction and lowering organizational layers to maneuver quicker and with extra accountability. These are usually not straightforward selections, and we’re grateful for the contributions of our colleagues who’re impacted.”

The San Mateo, California-based software program firm mentioned in its early May earnings report that it will minimize 11% of its workers within the second quarter. The firm had about 4,500 staff on the finish of 2025.

The cuts goal “to streamline the Company’s organizational efforts and product growth course of” and improve AI throughout the corporate, in keeping with the submitting.

On an earnings name, CEO Dennis Woodside mentioned about half the corporate’s code comes from AI.

“Like many different software program firms, that’s undoubtedly altering how we construct merchandise, how briskly we will construct merchandise, and the quantity of those who we have to construct merchandise,” he mentioned.

The firm’s inventory slumped 35% from May 2025 to May 2026.

General Motors is slicing 600 salaried staff from its international IT division.

A spokesperson mentioned the layoffs would allow it to “higher place the corporate for the long run,” by making certain GM has staff with experience in AI-native development, knowledge engineering, analytics, cloud engineering, immediate engineering, and AI workflows.

On April 7, GoPro mentioned it will lay off about 145 staff because it tries to chop working prices and restructure operations.

The layoffs make up 23% of its international headcount of 631 staff, the digicam maker mentioned in a regulatory submitting.

The cuts will begin within the second quarter of the yr and can largely be accomplished by the top of 2026. The restructuring is predicted to lead to a cost of $11.5 million to $15 million.

The firm minimize about 15% of its workers in August 2024 to chop prices.

Groupon mentioned on May 21 that it will minimize as much as 400 roles globally as a part of a restructuring plan, in keeping with a monetary submitting. It beforehand mentioned it deliberate to rebuild as an “AI-native firm.”

The cuts are anticipated to occur by the top of the third quarter of 2026. Groupon is trying to generate $10 million to $12 million in gross financial savings in 2026.

“Up to half of this yr’s financial savings will likely be reinvested into AI utilities, expertise density, and the instruments and groups constructing the following model of the corporate,” a spokesperson informed Business Insider.

Groupon had 1,734 staff worldwide on the finish of 2025, in keeping with its annual report.

Heineken is slicing 5,000 to six,000 roles over the following two years to spice up productiveness and produce down prices, in keeping with its newest full-year earnings report.

The firm informed Business Insider that the divisions and areas the place the layoffs are on account of happen are but to be confirmed.

Heineken mentioned in its 2025 report that it confronted “subdued client sentiment” within the Americas, alongside a “difficult yr” for brewers in Europe.

Financial software program firm Intuit introduced on May 20 that it will be slicing 17% of its full-time workforce.

The firm shared a memo from CEO Sasan Goodarzi to staff that listed 5 causes for the culling, together with lowering administration layers, focusing roles on “excessive impression work,” and shutting down two of its places of work.

“These adjustments are a needed evolution to scale back complexity and architect a company that operates with the speed required to gas our progress engines,” Goodarzi wrote within the memo, shared in a weblog publish on Intuit’s web site.

Laid-off staff within the US would obtain 16 weeks of base pay, plus two further weeks of pay for yearly they’ve labored at Intuit.

The firm mentioned in a May 20 earnings report that restructuring prices from the layoffs could be about $300 million to $340 million.

Consumer healthcare model Kenvue, which produces Tylenol, plans to chop 3.5% of its workers. Kenvue had about 22,000 staff globally, per its newest annual report.

The firm wrote in a mid-February SEC submitting that its board aimed to scale back complexity and drive operational efficiencies.

The firm’s layoffs and restructuring efforts are anticipated to price $250 million in 2026, per the submitting.

LinkedIn CEO Daniel Shapero informed staff on May 13 that it was shedding staff, and people in affected roles would obtain a calendar invite. The jobs included positions within the Microsoft-owned firm’s Global Business Organization, advertising, engineering, and product groups.

“We have to reinvent how we work, with agile groups targeted on our highest priorities, and by shifting investments towards areas equivalent to utilities to meet our mission and imaginative and prescient over the long run,” Shapero mentioned within the memo.

Shapero additionally mentioned LinkedIn would “reduce” investments in areas like advertising campaigns, buyer occasions, and underutilized workplace area.

The athleisure big mentioned it laid off 100 part-time staff to “strengthen the trade.” The affected roles are within the firm’s North American contact middle.

“After cautious consideration, we now have made the choice to transition our North America GEC to a full-time worker staffing mannequin. As a outcome, roughly 100 part-time positions in our GEC have been impacted,” a Lululemon spokesperson mentioned.

Meta started laying off employees throughout a number of groups on March 25, together with Reality Labs, Facebook, recruiting, gross sales, and international operations.

The cuts come as the corporate ramps up spending on AI utilities and expertise, alongside broader cost-cutting efforts. Meta mentioned the adjustments are a part of ongoing restructuring to higher align groups with firm targets, whereas exploring different roles for affected staff the place attainable.

Meta first started making ready to slash jobs inside its Reality Labs division, the unit chargeable for Mark Zuckerberg’s metaverse ambitions, in January, three folks aware of the matter informed Business Insider on the time.

Two staff mentioned that groups engaged on digital actuality headsets and Horizon Worlds, the corporate’s VR social community, could be disproportionately affected.

Meta has shifted away from digital actuality in recent times in favor of spending a whole bunch of billions of {dollars} on beefing up its AI capabilities.

Nike is slicing roughly 1,400 jobs, principally from tech, as a part of a broader push to streamline operations and revive progress.

In a memo to workers on April 23 obtained by Business Insider, Chief Operating Officer Venkatesh Alagirisamy mentioned the layoffs are tied to the corporate’s “win now” turnaround plan, which focuses on bettering tradition, product, advertising, market technique, and in-person retail. He described the trouble as getting into its “ultimate stretch.”

This is Nike’s second layoff in 2026. Nike mentioned on January 26 that it deliberate to put off 775 staff throughout Tennessee and Mississippi, citing efforts to “streamline” its distribution middle operations.

“We are sharpening our provide chain footprint, accelerating the usage of superior expertise and automation, and investing within the abilities our groups want for the long run,” Nike mentioned in a press release to Business Insider.

Oracle’s workforce shrank by roughly 21,000 staff, or 13%, over the previous yr, bringing its headcount to 141,000 as of May 31, in keeping with a 10-Ok submitting launched on June 22.

“The adoption and deployment of AI applied sciences throughout our operations have resulted, and should proceed to outcome, in reductions to our workforce,” Oracle wrote within the submitting.

Oracle additionally disclosed that restructuring prices surged in fiscal 2026. The firm spent $1.84 billion on severance and different exit prices, up from $374 million within the prior yr.

The reduction in workforce comes as Oracle continues to speculate closely in AI utilities.

Papa Johns mentioned it’s shedding 7% of its company workers amid a broader restructuring.

The pizza chain mentioned it’ll additionally shut 300 places in North America by means of 2027, beginning with 200 this yr.

“Optimizing our restaurant portfolio and strategically closing underperforming eating places are among the many most impactful actions we will take to enhance restaurant profitability and fleet well being,” Papa Johns CFO Ravi Thanawala mentioned through the firm’s fourth quarter earnings name on February 26.

Patreon introduced layoffs in July.

The creator macro economy firm is shedding 93 staff — roughly 20% of the corporate — per a memo its CEO, Jack Conte, shared publicly.

Conte wrote that the “market during which we function has undergone profound change during the last 6 months,” and that Patreon wants to chop prices to “stay a steady, reliable rock for our creators.”

Pinterest introduced a worldwide restructuring plan that features layoffs affecting lower than 15% of its workforce, in keeping with a January securities submitting. The cuts include reductions in workplace area.

“We are making organizational adjustments to additional ship on our AI-forward technique, which incorporates hiring AI-proficient expertise,” a Pinterest spokesperson mentioned.

“As a outcome, we have made the tough determination to say goodbye to a few of our group members. We are grateful for his or her service and supporting them with separation packages and advantages,” they added.

Saks Global, the beleaguered mum or dad firm of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, carried out a number of rounds of layoffs because it closed shops and trimmed its company workers

In April, the corporate minimize about 16% of its company workers, representing lower than 4% of its complete workforce.

“Following the strategic actions we have taken to safe long-term monetary stability, sharpen our deal with luxurious and full-price promoting, optimize our operational footprint, and exit non-core companies, we’re right-sizing our company group to align with our go-forward technique,” a Saks spokesperson informed Business Insider.

The cuts adopted Saks’s closure of dozens of shops and achievement facilities within the first quarter, leading to layoffs.

Saks filed for Chapter 11 chapter in January.

Sprout Social — a social media administration program — introduced on July 15 that it’ll minimize 260 jobs, or about 20% of its workforce.

In a letter concerning the discount in power, CEO Ryan Barretto mentioned the cuts had been on account of speedy trade adjustments.

“This determination just isn’t a mirrored image of their expertise or dedication,” Barrett mentioned. “We made this determination as a result of we consider it was the proper one for Sprout’s future. Our trade, and software program extra broadly, is altering rapidly, and the best way firms have to function and make investments has modified with it.”

Affected workers will likely be supplied a 12-week severance package deal, plus a further week of pay for yearly of tenure, fully-paid well being advantages for six months, and a money fee equal to the worth of their fairness shares that may have vested within the subsequent 90 days.

Standard Chartered plans to chop 15% of company perform roles over the following 4 years, the corporate mentioned on May 19.

The financial institution, headquartered in London, credited AI as a driver for the reductions.

“It just isn’t cost-cutting, however it’s changing, in some instances, lower-value human capital with the monetary capital and the capital allocation capital that we’re placing in,” CEO Bill Winters mentioned in a media briefing, Reuters reported.

The firm added in a press release: “We are combining one of the best human expertise with AI, investing to help our folks into higher-value roles.”

T-Mobile minimize some workers in early 2026, although the scope of the layoffs is unclear. Some staff posted on LinkedIn saying they’d been affected by the adjustments in January.

“As the following step in our evolution, we’re making some adjustments whereas persevering with to rent to make sure we now have the proper focus, construction, and momentum to maintain altering the trade by means of innovation and our long-standing deal with prospects,” T-Mobile told Business Insider in a press release.

Tailwind, a popular web tool, mentioned it minimize three of its 4 engineers in January, citing an AI-driven decline in income.

“75% of the folks on our engineering group misplaced their jobs right here yesterday due to the brutal impression AI has had on our trade,” CEO Adam Wathan wrote in a GitHub touch upon January 6 that made waves within the tech neighborhood.

Target confirmed to Business Insider in February that it will minimize 100 district workplace roles and 400 provide chain positions. It plans to speculate as an alternative in further labor hours at shops to enhance the purchasing expertise and return to progress.

The retailer enchancment effort is a signature precedence of the retailer’s new CEO, Michael Fiddelke, who began on February 1.

In November, Fiddelke mentioned the corporate intends to speculate a further $1 billion in capital expenditures for 2026, a rise of 25% from 2025.

TikTook is shedding 250 staff and shutting an workplace in Nashville, in keeping with paperwork filed with the Department of Labor and Workforce Development in Tennessee.

A spokesperson for TikTook US Data Security, a three way partnership established in January 2026 to supervise TikTook’s US operations, mentioned closing the workplace will “streamline our operations and higher align our groups for long-term progress.”

The Nashville workplace will shut in October, in keeping with the paperwork.

UPS CEO Brian Dykes informed analysts through the firm’s fourth-quarter earnings name that the corporate plans to scale back its operational workforce by 30,000 in 2026.

“This will likely be achieved by means of attrition, and we anticipate to supply a second voluntary separation program for full-time drivers,” Dykes mentioned.

He informed analysts that the corporate has recognized 24 buildings for closure within the first half of 2026 and can proceed to judge further buildings for closure.

Verizon said in July that it will transition 274 retail shops into franchise places as a part of ongoing adjustments on the telecom big.

The firm mentioned about 2,500 retail staff and 500 company roles could be minimize, and that usually round 70% of retailer staff settle for jobs below the brand new franchisees.

The transfer comes two months after Verizon laid off several hundred company staff, or about 1% of its head depend, as the corporate reallocates staff throughout its total trade.

Volvo’s CEO, Håkan Samuelsson, mentioned the posh automaker is dealing with “a really robust atmosphere with robust exterior challenges,” together with a fierce Chinese automobile market, US tariffs, and continued high-priced investments in a brand new lineup of electrical automobiles.

The firm mentioned it’s slicing 2,500 staff globally — together with 2,000 in Sweden — to save lots of round $530 million in response to these headwinds.

Volvo can also be ending marketing consultant contracts and planning some focused worker exits, the corporate mentioned in a press launch.

Walmart told employees on May 12 that it will minimize or relocate about 1,000 company jobs to handle redundancies and duplicate roles.

Suresh Kumar, Walmart’s chief expertise and growth officer, and Daniel Danker, government vp of AI acceleration, product, and design, introduced the adjustments in a memo.

“We’ve made adjustments to simplify how the work is organized, make possession clearer, and higher align roles to the work and abilities we’d like going ahead,” the memo mentioned.

The transfer follows Walmart’s May 2025 determination to chop 1,500 company roles as a part of an effort to “take away layers and complexity.”

The firm employed 2.1 million folks as of January.

Logistics software program maker Wisetech is slicing 2,000 jobs, or 30% of its workers, citing AI-driven efficiency features.

In a convention name on February 25, CEO Zubin Appoo embraced AI and mentioned that it means extra productiveness, in much less time, and from fewer staff. The Sydney-based firm employed about 7,000 folks, in keeping with its annual report launched in October.

“I’m ready to say this clearly: the period of manually writing code because the core act of engineering is over,” Appoo mentioned. AI is “unlocking ranges of effectivity features throughout WiseTech that had been beforehand out of attain.”

Wix, which offers website-building software program, is lowering its workforce by 20%, the CEO informed staff in a memo printed on X on May 28.

The Israel-headquartered firm employs about 5,300 staff.

CEO Avishai Abrahami cited the “quick evolution of AI capabilities” as a motive for the cuts and mentioned the corporate wanted to grow to be a “quicker, leaner, and flatter group.”

Workday is cutting about 400 jobs, and mentioned on February 4 that the transfer will assist the enterprise software program firm redirect sources towards precedence areas.

The layoffs will primarily have an effect on customer-facing roles which can be “non-revenue producing,” Workday mentioned in a regulatory submitting.

The cuts characterize roughly 2% of its workforce and are anticipated to lead to about $135 million in costs within the fiscal fourth quarter, which led to January.

Workday introduced a bigger spherical of layoffs a few yr in the past, citing the necessity to make investments extra closely in strategic areas equivalent to AI. The firm reported about 20,600 staff as of late October.

Global fee expertise company Visa confirmed to Business Insider that it is slicing about 2,600 jobs.

That’s roughly 7% of the corporate’s worker footprint.

“To seize the alternatives forward and finest place Visa to guide this transformation, we should proceed evolving how we work,” CEO Ryan McInerney wrote to workers in an inner memo, in accordance to Bloomberg. “AI can also be serving to to speed up this evolution and form the best way work will get carried out at Visa.”

Zillow CEO Jeremy Wacksman introduced on August 4 that the corporate was slicing 500 staff as a part of “organizational adjustments.”

As of December, Zillow had round 7,000 staff, so the adjustments are affecting about 7% of its workforce.

“These adjustments are about making certain we now have a disciplined price construction and getting extra environment friendly, with the proper folks in the proper positions,” Wacksman mentioned in a weblog publish.

Dropbox introduced on October 28 that it’s cutting roughly 200 roles, or 9% of its global workforce.

“Delivering on that technique requires concentrating our sources on the priorities that can have the best potential for buyer impression and progress,” Dropbox co-CEO Ashraf Alkarmi wrote in an e-mail to staff.

Alkarmi mentioned whereas Dropbox was worthwhile, it needed to make “onerous decisions.”

The affected roles are within the firm’s Engineering, Product, Design, and G&A groups. Alkarmi additionally wrote within the e-mail that Dropbox’s chief expertise officer, Ali Dasdan, could be spending down.