News & Sources
100 events from public reporting
Salesforce: 59 jobs cut
Salesforce is cutting 59 jobs across its Seattle and Bellevue offices, effective October 5, 2026. This decision is part of a broader restructuring effort, with previous layoffs also linked to efficiency gains through AI tools. The company continues to invest in leadership and maintain its office presence in the region.
Apple: 5,000 jobs cut
Apple is pausing its plan to replace 5,000 AppleCare staff with AI, while also trimming its management ranks under new CEO John Ternus. The company had previously considered significant layoffs in its support staff as part of an AI integration strategy.
Greggs: 740 jobs cut
Greggs has announced plans to cut 740 jobs as it replaces human workers with automated machinery in four factories. The changes are part of a strategy to enhance efficiency and support the company's growth, with the job cuts expected to take place over the next two and a half years. This move follows a strong performance in sales, prompting the company to raise its profit expectations for the year.
Disney: 200 jobs cut
Disney has announced layoffs impacting a couple of hundred employees, primarily in tech and HR, as part of a cost-cutting strategy under CEO Josh D'Amaro. The company, which had 231,000 employees as of the end of fiscal 2025, is undergoing a transformation process that includes automating certain workflows. This move follows previous rounds of layoffs and reflects ongoing concerns about the impact of AI on staffing.
Infosys: 6,000 jobs created
Infosys plans to transition up to one-third of its 320,000 employees into specialist roles while creating a team of 6,000 frontier engineers as part of its strategy to adapt to AI-driven changes in the IT industry. This initiative reflects the company's response to the evolving demands of AI in its operations.
Intel: 10,000 jobs cut
Intel announced it will eliminate 10,000 factory jobs, representing a 15% to 20% reduction in its manufacturing workforce. This decision comes as the company faces significant financial losses and aims to streamline operations amidst challenges in the semiconductor market, particularly in the context of AI chip competition.
Oracle: 21,000 jobs cut
Oracle announced the layoff of 21,000 employees, representing 13% of its workforce, as part of a strategy to fund its AI initiatives. The layoffs were part of a broader financial maneuvering, with the company also raising significant capital for AI-related projects. The announcement was made on September 25, 2026.
ANZ: 400 jobs cut
ANZ is restructuring its technology teams, resulting in the layoff of 400 IT roles as part of a cost-reduction strategy. The changes are set to be finalized by early October 2026. This move is part of a broader effort to reshape the workforce and includes offshoring some positions.
Amazon: 300 jobs created
Amazon has announced the creation of 300 new jobs at a robotics manufacturing plant in Greenwood, Indiana, with average salaries nearing $100,000. This facility will enhance Amazon's manufacturing capabilities and is part of a broader investment in advanced manufacturing across the region.
AT&T: 10,000 jobs cut
AT&T has announced plans to cut approximately 10,000 jobs as part of a strategy to automate operations and shift towards fiber technology. The company aims to achieve $4 billion in annual savings through AI and automation, reducing its workforce significantly by mid-2026. This move is part of a broader operational overhaul to enhance efficiency and reduce costs.
AT&T: 2,100 jobs cut
AT&T announced plans to lay off 2,100 employees as part of its transition to increased automation and AI-driven processes. The company aims to reduce its workforce further in the coming years, aligning with its strategy to enhance efficiency and profitability. As AT&T automates various functions, it seeks to modernize its operations while managing costs.
Danske Bank: 262 jobs cut
Danske Bank announced plans for further job cuts as it expands its use of AI across the organization. The bank's technology head indicated that AI would impact all areas of work, with 262 positions expected to be eliminated. This move is part of a broader strategy to enhance digital tools and client services.
OpenAI: 1,750 jobs cut
OpenAI has announced that 25% of its production engineers will be taken off work as part of a reorganization following security concerns. This decision was communicated by president Greg Brockman, who emphasized the need for improved internal security measures after a significant incident involving the company's AI models.
Meta: 8,000 jobs cut
Meta has announced plans to lay off 8,000 employees, representing a 10% reduction in its workforce, as the company shifts its focus towards artificial intelligence initiatives. This move is part of a broader strategy to enhance efficiency and productivity through AI-driven automation.
Meta: 3,715 jobs cut
Meta has announced plans to cut 3,715 jobs as part of a broader reduction affecting 12,947 positions across Bay Area tech companies. This marks a significant increase in layoffs compared to the previous year, highlighting the impact of AI on workforce changes. The announcement was made on September 18, 2026.
Bendigo: 137 jobs cut
Bendigo and Adelaide Bank is set to cut 137 jobs as part of a restructuring plan, with a significant impact expected on its Adelaide workforce. The cuts are linked to partnerships with technology firms aimed at improving efficiency, raising concerns about potential job displacement due to AI and automation.
KPMG: 200 jobs cut
KPMG plans to cut 200 advisory jobs in the UK, representing about 4% of its advisory workforce. The layoffs are part of a broader effort to adapt to market changes and declining demand in consulting services, with roles in AI and cybersecurity among those affected. The company currently employs approximately 15,800 people in the UK.
Oracle: 359 jobs cut
Oracle has announced layoffs affecting 359 employees in Seattle as part of a broader restructuring plan. This move is part of the company's ongoing efforts to streamline operations amidst changing market conditions.
Reach: 220 jobs cut
Reach, the publisher of the Daily Mirror, announced the elimination of 220 editorial jobs due to a significant decline in website traffic attributed to Google's AI summaries. This move is part of a broader strategy to adapt to changing audience preferences and improve sustainability in journalism.
Adidas: 350 jobs cut
Adidas has announced layoffs affecting nearly 350 employees at its Gurgaon tech hub, representing a 50% reduction of its workforce there. The decision is part of a restructuring effort to align operations with evolving business needs. The cuts were described as a difficult decision, emphasizing the company's commitment to support affected employees.
Apple: 614 jobs cut
Apple has announced the termination of 614 employees as part of the shutdown of its electric vehicle project. This marks a significant workforce reduction for the company, which has largely avoided layoffs in recent years. The cuts are primarily affecting its Silicon Valley locations.
Meta: 600 jobs cut
Meta has announced the layoff of approximately 600 roles within its AI organization as part of a restructuring effort. This decision follows a significant hiring spree led by CEO Mark Zuckerberg, aimed at enhancing the company's AI capabilities. The layoffs are described as a move to streamline operations rather than a retreat from AI initiatives.
Amazon: 30,000 jobs cut
Amazon has announced a significant reduction of approximately 30,000 jobs as part of a restructuring strategy aimed at reallocating resources towards AI and cloud infrastructure investments. This marks the largest workforce reduction in the company's history, despite ongoing revenue growth. The layoffs primarily affect corporate roles across various divisions, including AWS and Alexa.
McClatchy: 90 jobs cut
McClatchy announced significant layoffs affecting over 90 journalists across various publications, with some newsrooms experiencing cuts of up to 30%. This decision follows the company's controversial push into AI-driven editorial tools, which has faced backlash from staff. The layoffs highlight the ongoing challenges in the media industry as companies adapt to changing consumer demands.
Neo Financial: 102 jobs cut
Neo Financial has announced layoffs affecting 102 employees, representing approximately 10% of its workforce. The company aims to streamline operations and enhance focus on its mission. The layoffs were described as a difficult decision to create a simpler and faster team.
Uber: 93 jobs cut
Uber is laying off 93 employees in Washington state as part of a global restructuring that will eliminate approximately 10% of its workforce. The layoffs primarily affect engineering and management roles at the company's Seattle office. CEO Dara Khosrowshahi indicated that the cuts aim to reduce middle-management layers and improve operational efficiency, with some savings directed towards investments in core operations, including autonomous vehicle partnerships.
Jaguar Land Rover: 4,000 jobs cut
Jaguar Land Rover announced plans to lay off 4,000 workers as part of a cost-cutting strategy amid challenging market conditions. The layoffs are part of a broader transformation effort within the company, which employs around 30,000 people in Britain. The announcement was made on September 7, 2026.
Channel 4: 340 jobs cut
Channel 4 announced a significant restructuring that will result in the layoff of 340 employees, approximately 28% of its workforce. This move is part of a strategy to merge unscripted commissioning departments and streamline operations amid increasing competition and pressure on advertising revenue. The cuts are described as a watershed moment for the network.
PayPal: 251 jobs cut
PayPal is laying off 251 employees at its San Jose headquarters as part of a broader initiative to reduce its global workforce by 20%. This restructuring aims to enhance efficiency and redirect resources towards critical areas, particularly in artificial intelligence. The layoffs are expected to yield significant cost savings for the company.
The Trade Desk: 500 jobs cut
The Trade Desk has announced a layoff of 15% of its workforce, affecting over 500 employees, as part of a restructuring effort. The company aims to create smaller teams for better focus following disappointing quarterly performance. This decision reflects ongoing challenges in the adtech industry.
Axis Bank: 3,000 jobs cut
Axis Bank has announced plans to reduce its workforce by 3,000 employees as part of its transition to a 'Zero-Ops' AI model aimed at automating banking processes. The bank is leveraging AI to enhance operational efficiency, which has led to this significant job cut. The announcement was made on September 4, 2026.
PayPal: 600 jobs cut
PayPal has announced the layoff of 600 employees in India, representing a 10% reduction of its workforce. This decision is part of a broader restructuring aimed at achieving $1.5 billion in cost savings, with a significant portion attributed to increased automation and AI adoption. The layoffs affect various teams including technology, engineering, and operations.
Wonder: 150 jobs cut
Wonder, a food delivery startup, announced the layoff of 150 employees, representing 7% of its workforce, as it shifts focus towards investments in robotics and automation. The layoffs affect multiple corporate teams and are part of the company's strategy for growth.
Amazon: 150 jobs cut
Amazon is cutting 150 jobs across its Northern California offices as part of ongoing corporate downsizing. This follows a broader trend of job reductions within the company, which has eliminated approximately 30,000 positions over the past year. The layoffs coincide with significant investments in artificial intelligence infrastructure.
Uber: 390 jobs cut
Uber is cutting 390 jobs across its Bay Area offices as part of a global restructuring plan that will eliminate approximately 3,300 positions, or 10% of its workforce. The layoffs are aimed at reducing management layers and redirecting resources towards growth and autonomous vehicle technology. Although AI was not explicitly cited as the primary reason for the layoffs, the company acknowledges productivity benefits from AI tools.
Uber: 3,300 jobs cut
Uber announced layoffs of 3,300 employees, approximately 10% of its workforce, as part of a strategy to streamline operations and invest in AI technologies. CEO Dara Khosrowshahi emphasized the need for a leaner organization to enhance decision-making and focus on future innovations, including autonomous vehicles.
Uber: 3,300 jobs cut
Uber is cutting 3,300 jobs, representing 10% of its workforce, as part of a restructuring to focus on its autonomous vehicle initiatives. The company aims to streamline operations and reduce management layers to enhance efficiency and invest more in its robotaxi strategy.
Wonder: 150 jobs cut
Wonder has announced a layoff affecting 150 employees, representing 7% of its workforce, as part of a streamlining effort ahead of a planned IPO. The company is focusing on key growth areas and plans to invest in AI and robotics to automate operations.
Oracle: 8,000 jobs cut
Oracle is planning to lay off approximately 8,000 employees globally, including in India, as it restructures its workforce while expanding its cloud and AI capabilities. This follows a significant reduction of 21,000 jobs over the past year, despite the company reporting record revenues. The layoffs are attributed to various factors, including the deployment of AI technologies.
Oracle: 3,000 jobs cut
Oracle is cutting approximately 3,000 jobs in India as part of a restructuring effort that reallocates budgets towards newer skills, including AI. This move reflects a significant shift in the company's workforce strategy amidst ongoing changes in the tech industry.
Amazon: 53 jobs cut
Amazon announced the layoff of 53 jobs in Bellevue as part of a larger reduction of 121 positions across Washington state. This marks the fourth round of layoffs for the company in 2026, with CEO Andy Jassy indicating that generative AI is expected to automate portions of white-collar work over time.
Salesforce: 4,000 jobs cut
Salesforce announced a significant reduction in its customer support staff, cutting approximately 4,000 positions, or 44% of its workforce in that area, due to the implementation of its AI product, Agentforce. This move reflects a broader trend of AI-driven restructuring within the company.
T-Mobile: 77 jobs cut
T-Mobile has announced the layoff of 77 employees in Washington state as part of its ongoing digital transformation efforts. The layoffs are linked to the company's strategy to streamline operations through AI and digital tools. This follows a significant reduction in workforce over recent months, with the total headcount dropping to 65,365 by June 30, 2026.
Starbucks: 224 jobs cut
Starbucks has announced the layoff of at least 224 corporate positions as part of a $2 billion cost-saving initiative. This move is aimed at streamlining operations and reducing expenses, with a focus on centralizing technology roles in Nashville. The layoffs represent 11.2% of the positions planned for the new Nashville office.
Apple: 200 jobs cut
Apple is cutting over 200 jobs from its Siri and Vision Pro teams as part of a restructuring to focus on new AI initiatives. The company confirmed the layoffs, indicating a shift in its business strategy to enhance user experiences.
Vast: 46 jobs cut
Vast, a space station startup, has laid off 46 employees, representing 4% of its workforce. The company confirmed that the cuts were performance-related, despite ongoing hiring efforts for 277 open roles. This move comes after a significant funding round aimed at developing a commercial space station.
Apple: 60 jobs cut
Apple has laid off 60 employees from its Vision Pro team as part of a strategic shift towards artificial intelligence and other projects. This move comes ahead of a leadership transition within the company.
KPMG: 450 jobs cut
KPMG is set to cut 450 staff and several partners as part of its cost-cutting initiative known as Project Vector. The decision comes amid a financial crisis linked to a document misuse scandal affecting revenues. The layoffs are part of a broader strategy to stabilize the firm's financial situation.
TikTok: 75 jobs cut
TikTok is laying off 75 employees at its Bellevue office as part of an internal restructuring. The layoffs primarily affect management, data science, and software engineering roles. This move follows a trend of layoffs in the Seattle tech sector.
Sanofi: 229 jobs cut
Sanofi announced layoffs affecting 229 employees at Blueprint Medicines in Cambridge, representing approximately one-third of the company's workforce. The layoffs are set to occur in phases from October 2026 to June 2027, following Sanofi's acquisition of Blueprint. The company is restructuring to align with long-term business priorities.
Verizon: 3,000 jobs cut
Verizon is laying off approximately 3,000 retail workers as part of a shift towards independent franchises and increased reliance on AI for customer service tasks. The layoffs are part of a broader strategy to reduce operating costs, with CEO Dan Schulman indicating that AI is expected to replace a significant portion of customer service roles. The changes will take effect on August 16, 2026.
Nokia: 1,600 jobs cut
Nokia has announced the closure of its R&D facility in Hangzhou, China, resulting in the loss of 1,600 jobs. This decision is part of a broader strategy to realign its operations in China amidst declining business performance in the region. The company has been facing challenges in securing major contracts in the 5G market.
T-Mobile: 4,700 jobs cut
T-Mobile has announced a significant reduction of nearly 4,700 employees as part of its Workforce Transformation initiative. This move represents a 6.7% decrease in its workforce, bringing the total number of employees down to approximately 65,365. The company aims to streamline operations and enhance digital transformation efforts, with productivity metrics showing improvement alongside the layoffs.
Google: 52 jobs cut
Google announced the permanent layoff of 52 employees in Washington state, effective September 6, 2026. The layoffs include various technical roles, although the company did not provide a detailed explanation for the cuts. The context of the layoffs suggests a broader trend in the Seattle area, but Google has not explicitly linked these reductions to AI.
TikTok: 250 jobs cut
TikTok has announced the layoff of 250 employees as it closes its Nashville office, which was part of its content moderation team. The decision is part of a strategy to streamline operations and align teams for future growth, amidst increasing reliance on AI for content monitoring.
Zillow: 500 jobs cut
Zillow announced the layoff of over 500 employees, representing about 7% of its workforce, as part of a strategy to improve efficiency and cost structure. The company clarified that AI adoption was not a factor in these job cuts.
Visa: 320 jobs cut
Visa announced plans to lay off 320 employees at its Foster City campus, representing a 12% reduction of its workforce. The layoffs are part of a broader strategy to enhance efficiency and redirect resources towards growth opportunities, with CEO Ryan McInerney highlighting the role of AI in this transformation. The cuts are set to take effect on October 1, 2026.
Wipro: 2,453 jobs cut
Wipro is facing significant revenue loss as Meta has reduced its outsourcing engagement by at least 25% due to an AI-led overhaul in its digital marketing operations. This marks a substantial shift in Wipro's business relationship with one of its largest clients, impacting its expected annual revenue from Meta.
Microsoft: 10,000 jobs cut
Microsoft has announced a significant reduction of approximately 10,000 customer service jobs, attributing the cuts to the adoption of AI systems that handle customer interactions more efficiently. This move is part of a broader trend in the industry where companies are leveraging generative AI to streamline operations and reduce costs.
KCAL: 0 jobs cut
KCAL 96.7, a California radio station, has let go of all its DJs in favor of an automated, humanless format. The decision marks a significant shift towards automation in the media industry, impacting long-standing staff members who have dedicated decades to the station.
Betfred: 600 jobs cut
Betfred has announced the closure of 132 betting shops, resulting in the loss of 600 jobs, which represents a 10% reduction of its UK retail workforce. The decision is attributed to increased gambling taxes and other economic factors. The company employs around 7,500 people in total.
Chime: 150 jobs cut
Chime has announced the layoff of 150 employees, representing 10% of its workforce, as part of a restructuring effort attributed to AI efficiency improvements. The company, which recently achieved its first quarter of GAAP profitability, cited the need for smaller teams to adapt to the changing demands of AI technology. This move reflects a broader trend in the fintech sector.
KPMG: 1,000 jobs cut
KPMG is set to lay off 1,000 employees, representing 10% of its workforce, amid an audit misconduct scandal. The layoffs are part of a broader review of the firm's operating model and cost base. The announcement comes as KPMG faces scrutiny from various government entities in Australia.
Daimler Truck: 375 jobs cut
Daimler Truck announced the closure of its Portland factory, resulting in the layoff of 375 employees. The company is consolidating production to larger facilities on the East Coast. This decision marks the end of 84 years of truck manufacturing in Portland.
BMW: 8,000 jobs cut
BMW has announced plans to cut around 8,000 jobs as part of a voluntary redundancy program targeting administrative and development roles. The company aims to generate significant cost savings amid pressures from weaker business conditions, particularly in China. The program is set to begin in October 2026 and is expected to be the largest of its kind in BMW's history.
ServiceNow: 133 jobs cut
ServiceNow has announced the layoff of 133 workers in its San Diego office, with the potential for additional cuts globally. The layoffs come as the company integrates AI into its workflow management software. Employees expressed surprise at the announcement, feeling blindsided after previous layoffs earlier in the year.
Intel: 103 jobs cut
Intel is set to eliminate 103 jobs across its Bay Area offices as part of a restructuring effort aimed at improving efficiency. This decision comes amidst a broader trend of workforce reductions in the tech sector, with the company emphasizing the role of artificial intelligence in its operations. The layoffs will take effect on August 15, 2026.
Visa: 2,600 jobs cut
Visa announced it will cut approximately 2,600 tech jobs, representing about 7% of its workforce, as AI automates functions within its payments network engineering. This decision reflects a significant shift towards AI-driven operations, although the company noted that AI was not the sole reason for the layoffs.
Amazon: 1,100 jobs cut
Amazon has announced the closure of its San Francisco AI lab and the layoff of 1,100 warehouse workers in Florida. The company is focusing on key initiatives in artificial intelligence while making difficult decisions regarding its workforce. Affected employees will receive severance and job search assistance.
Vodafone: 1,200 jobs cut
Vodafone has announced the reduction of 1,200 jobs across its European markets as part of a cost-cutting strategy, despite reporting a revenue increase of 9.7%. The cuts are part of the company's efforts to achieve efficiency and synergy targets following its merger with Three in the UK. The company did not explicitly link the layoffs to AI, but mentioned ongoing integration and efficiency initiatives.
Patreon: 93 jobs cut
Patreon has announced the layoff of 93 employees, representing approximately 20% of its workforce, as part of a restructuring towards an AI-first strategy. CEO Jack Conte emphasized that while AI is reshaping operations, the layoffs are not aimed at replacing human roles. The company aims to streamline management and focus on core objectives amidst ongoing market pressures.
Amazon: 494 jobs cut
Amazon has announced plans to temporarily lay off 494 employees at its fulfillment center in Port St. Lucie, Florida, due to a $200 million renovation. The facility is expected to close on September 17, 2026, and reopen in late 2028.
Pixar: 108 jobs cut
Pixar has announced layoffs affecting 108 employees, primarily in creative roles, as part of broader cuts within the Walt Disney Company. The layoffs are expected to take place over the next few months, with most employees' last day set for September 26, 2026.
Monday.com: 502 jobs cut
Monday.com has announced plans to lay off 20% of its workforce as part of an 'AI-driven growth strategy'. This move aligns with the company's strategic focus on enhancing its AI Work Platform.
Meta: 1,395 jobs cut
Meta is cutting nearly 1,400 jobs in the Seattle area, representing about 20% of its local workforce, as part of a broader effort to streamline operations and invest heavily in artificial intelligence. The layoffs will take effect on July 22, 2026, impacting various teams across the company.
Amazon: 494 jobs cut
Amazon is laying off 494 workers at its Florida warehouse as part of a $200 million expansion project that will introduce advanced robotics and conveyor systems. The layoffs are expected to be permanent, although the company hopes to rehire some employees once renovations are complete. This represents a 58% reduction in the workforce at the facility, which currently employs around 850 people.
Verizon: 13,000 jobs cut
Verizon is set to announce a significant layoff of 13,000 workers on July 16, 2026, as part of a broader cost-cutting strategy linked to AI efficiency pressures. This follows previous layoffs in November 2025 and May 2026, indicating ongoing restructuring within the company.
Verizon: 500 jobs cut
Verizon announced plans to lay off approximately 500 corporate employees as part of its ongoing restructuring efforts. This follows a significant reduction of 13,000 jobs in the previous year. The layoffs were confirmed by a company spokesperson and are part of a strategy to enhance competitiveness in the telecommunications market.
Verizon: 3,000 jobs cut
Verizon announced the layoff of 3,000 employees as part of a strategic shift towards franchised retail operations and increased reliance on AI-powered customer service. This move is part of a broader cost-cutting initiative under CEO Dan Schulman, who has previously overseen significant workforce reductions.
Intel: 2,400 jobs cut
Intel announced a significant layoff of approximately 2,400 employees in Oregon as part of a broader restructuring strategy aimed at reducing its workforce from 125,000 to 75,000. This move is part of Intel's shift towards a foundry-first model, focusing on manufacturing chips for external customers and investing in AI-focused technologies.
Intel: 867 jobs cut
Intel announced the layoff of 867 fab-floor engineers as part of a larger reduction affecting 2,392 workers across its Oregon campuses. This move is part of Intel's strategy to cut operational expenses by $1 billion and reflects significant changes in the semiconductor industry.
GovTech: 93 jobs cut
GovTech has announced the layoff of 93 employees as part of a transition to a new operating model, with plans to reduce its workforce by 7 to 9 percent over the next two years. The agency aims to shift from a project-delivery model to a continuous product-ownership model. This restructuring is not explicitly linked to AI-driven downsizing, according to the chairman.
Redis: 200 jobs cut
Redis announced a reduction of approximately 200 roles globally as part of an organizational change. The decision is influenced by the evolving needs of customers and developers in the context of AI technologies. The company aims to streamline operations and focus on high-value work while integrating AI deeply into its processes.
Thomson Reuters: 500 jobs cut
Thomson Reuters announced the layoff of 500 jobs, representing 1.8% of its global workforce, as the company shifts focus towards AI-driven solutions. This decision reflects a broader trend in the tech industry where companies are reducing staff in favor of automation. The layoffs were officially announced on July 14, 2026.
HDFC Bank: 3,343 jobs cut
HDFC Bank announced a reduction of 3,343 jobs as part of a workforce restructuring strategy, focusing on transitioning employees from backend operations to customer-facing roles. This shift is attributed to the increased use of AI and automation in banking operations. The total workforce now stands at 211,178 employees.
LinkedIn: 411 jobs cut
LinkedIn announced plans to lay off 411 employees from its Mountain View headquarters as part of organizational changes aimed at future success. This move comes amid broader layoffs in the tech industry, although the company did not explicitly link the cuts to artificial intelligence. LinkedIn currently employs approximately 17,500 people worldwide.
Thomson Reuters: 250 jobs created
Thomson Reuters announced plans to cut 500 engineering positions while aiming to hire 250 new AI-native roles over the next two years. This move represents a 1.8% reduction of its total workforce of approximately 27,100 employees. The layoffs are concentrated in India, with the company looking to shift towards more senior AI-focused engineering talent.
ZeniMax: 158 jobs cut
ZeniMax Media announced the layoff of 158 workers in Texas as part of recent cuts related to Xbox operations. The layoffs affected multiple offices, including id Software and Bethesda Game Studios.
Allianz: 1,800 jobs cut
Allianz has announced the layoff of between 1,500 and 1,800 jobs across Europe, attributing the cuts directly to the impact of artificial intelligence on its operations. This decision affects approximately 7-8% of its travel and assistance division, which employs over 22,000 people. The company's CEO confirmed that AI is reshaping the workforce, particularly in roles heavily reliant on customer interactions.
Microsoft: 158 jobs cut
Microsoft announced significant layoffs in its gaming division, impacting 158 positions at ZeniMax in Texas as part of a broader strategy to downsize the Xbox team by 20%. This reduction is part of a larger plan to cut 3,200 jobs across the division by mid-2027.
HSBC: 20,000 jobs cut
HSBC is planning to cut up to 20,000 jobs, nearly 10% of its workforce, as part of an AI-driven restructuring strategy. The layoffs are expected to primarily affect middle-office and back-office roles, which are more susceptible to automation. This move reflects a significant shift in the banking sector towards AI integration.
Microsoft: 605 jobs cut
Microsoft announced the elimination of 605 jobs in Washington as part of a broader companywide reduction of 4,800 positions. This decision comes alongside significant investments in artificial intelligence, reflecting a shift in workforce organization. The layoffs are expected to take effect on September 4, 2026.
Xbox: 3,200 jobs cut
Xbox, a subsidiary of Microsoft, announced the layoff of 3,200 employees as part of a strategic shift towards AI-focused initiatives. The CEO outlined plans to leverage artificial intelligence in the company's turnaround strategy.
Microsoft: 3,200 jobs cut
Microsoft announced a significant restructuring of its Xbox division, resulting in the layoff of approximately 3,200 jobs, which represents about 20% of the Xbox workforce. This decision is part of a broader company-wide reduction of around 4,800 roles. The layoffs were attributed to challenges related to AI-driven memory shortages and the financial implications of recent acquisitions.
Starling: 130 jobs cut
Starling Bank has announced the layoff of 130 employees as part of a restructuring effort aimed at simplifying operations and enhancing product delivery. The bank is also increasing its use of AI in its operations, which it cites as a key factor in maintaining its competitive edge. The company currently employs over 4,000 people.
Tokopedia: 450 jobs cut
In July 2026, Tokopedia announced the layoff of over 450 technology roles as part of a restructuring effort following its acquisition by ByteDance. This marks the fourth round of cuts since the acquisition, with the company's workforce reportedly reduced to about 10% of its pre-acquisition size. The layoffs are part of a broader trend in the Southeast Asian e-commerce sector, where companies are pivoting towards efficiency and AI-driven operations.
Samsung: 739 jobs cut
Samsung Electronics is laying off 739 workers in the U.S. as it relocates its headquarters to Texas and shifts focus towards AI and semiconductor production. This move represents over 60% of its workforce in New Jersey. The layoffs were announced on June 30, 2026, amid a broader strategy to enhance collaboration and optimize operations.
JPMorgan: 120 jobs cut
JPMorgan has announced 120 layoffs in North Jersey, expected to take effect by the end of June 2026, citing AI-driven efficiency as a factor. The bank's CEO, Jamie Dimon, acknowledged that AI has displaced some workers while ensuring opportunities for redeployment. Overall, the company maintains a stable headcount of over 300,000 employees.
British American Tobacco: 9,000 jobs cut
British American Tobacco has announced plans to cut or outsource approximately 9,000 jobs globally as part of an AI-led restructuring initiative. This move is aimed at reducing costs and enhancing the company's technology capabilities. The job cuts include around 5,500 direct layoffs and the outsourcing of 3,500 roles to strategic partners.
Volkswagen: 100,000 jobs cut
Volkswagen announced plans to cut up to 100,000 jobs, representing approximately 15% of its workforce, as part of a broader strategy to reduce costs amid a significant investment freeze. The company is also planning to close four plants in Germany. This decision comes as Volkswagen aims to improve its operating margins and adapt to changing market conditions.