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Layoff Tracker 2026 – Recent Layoffs of The Week
- January 28, 2026: Amazon cuts 16,000 jobs globally to undo pandemic-era hiring.
- January 27, 2026: UPS to lay off 30,000 employees this year.
- January 26, 2026: Nike to cut 775 employees as it accelerates ‘automation’ at U.S. distribution centers
- January 25, 2026: Expedia Group lays off employees in latest cuts at Seattle travel giant.
Major Layoffs and Hiring Freezes in 2025 -26
Ericsson
No. of Employees to be Laid off: 1600
Industry: Telecommunication
January 2026
Ericsson plans to cut some 1,600 jobs in Sweden, according to the telecommunications equipment maker. The company is doubling down on recent cost-saving measures that have helped it weather a prolonged downturn in telecoms spending. Ericsson has been steadily reducing headcount over the past three years to maintain profitability as it grappled with a slowdown in 5G spending and the impact of U.S. import tariffs.
Citi Group
No. of Employees to be Laid off: 1000
Industry: Banking
January 2026
Citigroup has started one of the most aggressive restructurings on Wall Street, beginning with about 1,000 job cuts this week as part of a broader plan to eliminate 20,000 roles and reset its cost base by roughly $200 million.
Meta
No. of Employees to be Laid off: 10% of its Employees
Industry: Technology
January 2026
Meta plans to cut 10% of employees, around 1000 jobs in Reality Labs business, as focus shifts to AI. The division employs roughly 15,000 people and has a strong presence in the Seattle area, which is responsible for the company’s “metaverse” technologies that work in conjunction with augmented and virtual reality.
Zalando
No. of Employees to be Laid off: 2700
Industry: Retail
January 2026
The German online fashion retailer Zalando plans to close its distribution centre in Erfurt, Germany, as part of a restructuring of its European logistics operations. The move will affect approximately 2,700 employees at the facility. The lay-offs at the fulfilment site will conclude by September 2026.
Claire’s & The Original Factory Shop
No. of Employees to be Laid off: 2500
Industry: Retail
January 2026
High street retailers Claire’s and The Original Factory Shop are being put into administration, risking 2,500 jobs. Claire’s, popular with tweens for its accessories, was seeking a buyer after its US owner filed for bankruptcy last year. Modella Capital, which owns both chains, said the retailers would enter insolvency proceedings across the UK and Ireland.
Aker Solutions
No. of Employees to be Laid off: 500
Industry: Technology
January 2026
Norwegian company Aker Solutions will cut capacity and more than 500 roles as it prepares for lower activity in 2026. The company expects to reduce the headcount to affect just over 500 of the company’s 12,000 permanent full-time positions.
Elisa
No. of Employees to be Laid off: 347
Industry: Telecommunication
December 2025
Finnish telecommunications company Elisa decided to terminate 347 employees, including 347 in Finland, as part of its austerity measures. The company completed the codetermination talks in this regard following the decision taken in October. The company decided to take the austerity measures, aiming to save about EUR 40 million annually, andthe majority of the staff reduction is estimated to begin from the first quarter of 2026
Toolstream
No. of Employees to be Laid off: 111
Industry: Retail
December 2025
Toolstream, the DIY firm, has entered administration, resulting in the loss of over 100+ jobs. The well-known DIY retailer based on Yeovil’s Lufton Trading Estate attributed the collapse to the crippling impact of the global supply crisis caused by Covid-19.
Helvetia Baloise
No. of Employees to be Laid off: 2600
Industry: Insurance
December 2025
Volkswagen
No. of Employees to be Laid off: 2300
Industry: Automobile
December 2025
Volkswagen Group is offering early retirement to all 2,300 workers at its two factories in India. The automaker seeks to overcome obstacles to growth in the world’s third-largest car market. Volkswagen Group has embarked on a broader restructuring in India, where it is contesting the country’s biggest import tax demand yet of $1.4 billion for allegedly evading levies. It has denied the claims.
Omnicom Group
No. of Employees to be Laid off: 4000
Industry: Media & Entertainment
December 2025
Glencore
No. of Employees to be Laid off: 1000
Industry: Metals & Mining
December 2025
Glencore slashes 1,000 jobs as part of a cost-cutting drive that focuses on growing demand for copper, and merges its nickel and zinc operations; the company has ~150,000 employees worldwide. The company plans to spend heavily to boost copper output, as part of its goal to become one of the world’s biggest copper miners.
RTL
No. of Employees to be Laid off: 1000
Industry: Media & Entertainment
December 2025
Algoma Steel Group
No. of Employees to be Laid off: 1000
Industry: Metals & Mining
December 2025
Canadian steelmaker Algoma Steel Group will lay off 1,000 employees and close its blast furnace in northern Ontario. “As part of the closure of its blast furnace and coke making operations, Algoma has made the difficult decision to issue approximately 1,000 layoff notices today, effective in 16 weeks on March 23, 2026,” reads a company statement.
Bell
No. of Employees to be Laid off: 700
Industry: Telecommunications
November 2025
Bell Canada and Bell Media will lay off almost 700 non-unionized management jobs across the company. Bell says the cuts affect the manager positions, representing under 2% of its workforce. According to the company, “As a result, we made the difficult but necessary decision to reduce the number of non-unionized management positions across the company better to align our team structure with our growth plan.”
The Commonwealth Scientific and Industrial Research Organisation (CSIRO)
No. of Employees to be Laid off: 350
Industry: Govt. Not for Profit
November 2025
The CSIRO has announced plans to slash up to 350 research jobs as part of an 18-month review into the national science agency.
Vestas
No. of Employees to be Laid off: 900
Industry: Telecommunications
November 2025
The Danish wind turbine manufacturer Vestas Wind Systems will reduce its global office workforce by about 900 positions by the end of 2025, as part of ongoing efforts to optimise its organisation.
Verizon
No. of Employees to be Laid off: 15,000
Industry: Telecommunications
November 2025
Verizon to lay off around 15,000 employees as the new CEO takes charge. The wireless carrier faces mounting market pressure amid concerns over a shrinking pool of new customers as older rivals offer cheaper plans and cable operators jump into the fray.
Synopsis
No. of Employees to be Laid off: 2,000
Industry: Technology
November 2025
Synopsys, a large tech company, will lay off about 10% of its workforce, or roughly 2,000 employees, as the chip-design software maker looks to redirect investment toward growth opportunities. The company, which provides services to the semiconductor industry, appears to have signaled over 2,000 layoffs, according to a recently filed SEC document.
IBM
No. of Employees to be Laid off: 2,700
Industry: Technology
November 2025
IBM plans to lay off a significant number of employees by the end of the year. The company aims to reduce its global workforce by a low single-digit percentage, resulting in a loss of at least 2,700 jobs, representing 1% to 2% of its total workforce of approximately 270,000 employees as of late 2024.
American Airlines
No. of Employees to be Laid off: 2,700
Industry: Technology
November 2025
American Airlines is cutting 4% of its workforce at its Fort Worth headquarters in a bid to get more efficient. The small reduction will help the company right-size for the work it’s doing today. “We remain focused on continuing to invest in areas that support America’s long-term business objectives, and these targeted investments will be made thoughtfully to position our airline for continued success,” Spight said.
University of Southern California
No. of Employees to be Laid off: 900
Industry: Education
November 2025
The University of Southern California has issued layoff notices to more than 900 employees since July amid a fiscal crisis. The layoffs have included employees across the university and its health system, including student academic advisers.
Amazon
No. of Employees to be Laid off: 14,000
Industry: Technology
October 2025
Amazon cuts 14,000 corporate jobs as the online retail giant increases spending on artificial intelligence while cutting costs in other areas. Most employees will be given 3 months to look for a new position internally, Beth Galetti, Senior Vice President of People Experience and Technology at Amazon, wrote in a letter to employees. Those who can’t find a new role at the company or who opt not to look for one will be provided transitional support, including severance pay, outplacement services, and health insurance benefits.
Paramount
No. of Employees to be Laid off: 2000
Industry: Media
October 2025
Paramount will lay off around 2,000 workers across the media company. Chief Executive David Ellison said in a memo to employees that the layoffs were focused on “addressing redundancies” at the company and to accommodate its changing priorities. He wants CBS to focus on speaking to the large politically centrist audience in America.
General Motors
No. of Employees to be Laid off: 1,700
Industry: Automobile
October 2025
General Motors (GM) will lay off more than 1,700 workers across its manufacturing operations in Michigan and Ohio. The decision was based on the slowdown in demand for electric vehicles and a change in the policy environment that previously supported those sales.
United Parcel Service
No. of Employees to be Laid off: 48,000
Industry: Logistics & Supply Chain
October 2025
United Parcel Service (UPS) on Tuesday said it had cut 48,000 positions in the first nine months of 2025. The Atlanta-based company said the reductions comprised 14,000 roles primarily in management, alongside around 34,000 cuts within its “operational workforce”—employees involved in its day-to-day logistics and delivery services.
Amazon
No. of Employees to be Laid off: 14,000
Industry: E-Commerce, Technology
October 2025
Amazon is cutting thousands of corporate jobs, confirming reports that began circulating on Oct. 27. A memo shared with employees and posted on its website said the tech giant is targeting an “overall reduction in our corporate workforce of approximately 14,000 roles.” The online retail giant is ramping up spending on artificial intelligence while cutting costs elsewhere.
Target
No. of Employees to be Laid off: 1,000
Industry: Retail
October 2025
Target is eliminating about 1,800 corporate positions to streamline decision-making and accelerate initiatives to rebuild the flagging discount retailer’s customer base. About 1,000 employees are expected to receive layoff notices next week, and the company also plans to eliminate about 800 vacant jobs. The cuts represent about 8% of Target’s global corporate workforce, although the majority of affected employees work at the company’s Minneapolis headquarters.
Sika
Swiss industrial and construction chemicals maker Sika would implement structural changes in its persistently weak markets, including cutting up to 1,500 jobs. CEO Thomas Hasler said Sika was “proactively addressing” ongoing market weakness, adding that the company had continued to grow and gain market share despite market headwinds.
Applied Materials
No. of Employees to be Laid off: 1,444
Industry: Manufacturing
October 2025
Chip equipment manufacturer Applied Materials is laying off 4% of its workforce, which would represent about 1,444 employees. “Automation, digitalization, and geographic shifts are redefining our workforce needs and skill requirements,” the company wrote in the filing.
Meta
No. of Employees to be Laid off: 600
Industry: Technology
October 2025
Meta Platforms is cutting roughly 600 artificial intelligence jobs even as it continues to hire more workers for its superintelligence lab. The cuts will affect Meta’s Fundamental AI Research, or FAIR unit, as well as product-related AI and AI infrastructure units.
Nestle
No. of Employees to be Laid off: 16,000
Industry: Consumer Products
October 2025
Nestle will cut 16,000 jobs as the new CEO, Philipp Navratil, looks to accelerate a turnaround at the consumer goods giant. In a bid to improve operational efficiency, the firm said it will cut 12,000 white-collar jobs, and a further 4,000 roles will be reduced over the next two years. Navratil wrote in a LinkedIn post, “We are evolving and will simplify our organization and automate our processes.”
Heineken
No. of Employees to be Laid off: 400
Industry: Consumer Products
October 2025
Heineken will overhaul its global headquarters in Amsterdam starting in 2026, with around 400 jobs impacted as part of the brewer’s new EverGreen 2030 strategy.
Fortescue Metals Group
No. of Employees to be Laid off: 200
Industry: Mining
October 2025
Mining giant Fortescue Metals Group is set to lay off 200 jobs across its UK and Australian operations, as the company shifts its focus to outsourcing manufacturing to China and Germany.
Telefonica
No. of Employees to be Laid off: 6,000
Industry: Telecommunications
October 2025
Spanish telecoms group Telefonica plans to lay off at least 6,000 employees across several units before the end of the year. The total number of workers initially affected by the redundancy plan could rise to 7,000 out of a global workforce of around 100,000.
Accenture
No. of Employees to be Laid off: 11,000
Industry: Technology
October 2025
Accenture is undertaking a large-scale Artificial Intelligence (AI)-focused restructuring programme, with the company laying off at least 11,000 employees. The company has decided to part ways with the workforce it can’t retrain with AI skills.
ZF Friedrichshafen
No. of Employees to be Laid off: 7,600
Industry: Automotive
October 2025
Lufthansa
No. of Employees to be Laid off: 4,000
Industry: Aviation
October 2025
Lufthansa Group plans to shed 4,000 jobs by 2030, utilizing artificial intelligence, digitalization, and consolidating work among its member airlines. This move is despite the company’s reported strong demand for air travel and predicted stronger profits in the years ahead. Most of the lost jobs would be in Germany in administrative roles.
Robert Bosch
No. of Employees to be Laid off: 13,000
Industry: Automotive
September 2025
Germany’s Robert Bosch will cut 13,000 jobs in Germany—about 10% of its domestic staff and 3% globally—due to weak demand, overcapacity, and rising competition from Chinese manufacturers.
Spirit Airlines
No. of Employees to be Laid off: 1000+
Industry: Aviation
September 2025
Spirit Airlines, struggling with its second bankruptcy in a year, will furlough 730 flight attendants at three airports in the state starting December 1. Another 334 will be furloughed in Atlanta and 64 in Chicago, according to the low-budget airline’s mandatory WARN notices.
PwC
No. of Employees to be Laid off: 1500
Industry: Financial Services
September 2025
PwC cuts 60 partners and 1,500 staff in the Middle East following a falling out with Saudi Arabia’s sovereign wealth fund. Saudi Arabia’s Public Investment Fund banned PwC from consulting and advisory contracts for a year from February.
Starbucks
No. of Employees to be Laid off: 900
Industry: Hospitality
September 2025
Starbucks is closing hundreds of stores in the U.S., Canada, and Europe and laying off 900 non-retail employees as it focuses more of its resources on a turnaround. The Seattle coffee giant said store closures would start immediately. Starbucks said affected baristas will be offered severance packages and transfers to other locations where possible.
Ford
No. of Employees to be Laid off: 1000
Industry: Automobile
September 2025
Ford plans to cut up to 1,000 jobs at its electric car plant in Cologne, Germany. The decision comes as the company adjusts production levels to align with slower-than-expected demand for electric vehicles in the European market. The job cuts mark a significant setback for Ford’s EV strategy in the region, where the Cologne plant was positioned as a key hub for its electrification push.
BHP
No. of Employees to be Laid off: 750
Industry: Mining
September 2025
BHP, the world’s largest mining company, has announced that it will shut down one of its coal mines in Australia, resulting in the loss of 750 jobs. The closure reflects the company’s broader strategy to transition away from coal and focus on more sustainable resource operations. The move underscores both the challenges facing coal in a shifting energy landscape and the significant impact on workers and local communities.
Coca-Cola Beverages South Africa (CCBSA)
No. of Employees to be Laid off: 680
Industry: Consumer Goods
September 2025
Coca-Cola Beverages South Africa (CCBSA) has announced plans to cut as many as 680 jobs and close some of its plants across the country. The restructuring move comes amid challenging market conditions and efforts to streamline operations. The decision will significantly impact the company’s workforce and highlights the pressures facing South Africa’s beverage industry.
Sky Group
No. of Employees to be Laid off: 600
Industry: Technology, Telecommunication
September 2025
Sky plans to cut around 600 jobs in the UK as part of a restructuring of its technology division. The move follows the launch of new streaming platforms, with the company streamlining its operations to adapt to changing viewer habits and digital consumption trends. The layoffs mark a significant shift for Sky as it focuses on efficiency and competitiveness in the fast-evolving media and entertainment sector.
Novo Nordisk
No. of Employees to be Laid off: 9,000
Industry: Pharmaceutical
September 2025
Danish pharmaceutical giant Novo Nordisk plans to cut around 9,000 roles, or roughly 11.5% of its global workforce. The restructuring, including the largest layoff in Denmark’s history, is expected to save 8 billion Danish crowns ($1.25 billion) annually and comes as Novo Nordisk battles to revive its fortunes under a new CEO after losing its lead to Eli Lilly in the obesity and diabetes markets.
ANZ
No. of Employees to be Laid off: 3,500
Industry: Banking
September 2025
B&Q
No. of Employees to be Laid off: 650
Industry: Retail
September 2025
B&Q is set to slash over 650 jobs as it seeks to “simplify” its retail structure. B&Q is consulting with workers affected by the cuts and is set to offer alternative roles or support packages to staff who cannot be accommodated in a new position.
Welsh Water
No. of Employees to be Laid off: 650
Industry: Not-for-Profit
September 2025
Welsh Water, the not-for-profit organization, plans to cut about 500 jobs over the next two years.
ConocoPhillips
No. of Employees to be Laid off: 3,000
Industry: Energy & Utilities
September 2025
Houston-based oil giant ConocoPhillips plans to lay off up to 25% of its global workforce, potentially impacting 2,600 to 3,250 employees and contractors, as part of a sweeping restructuring aimed at cutting costs. The company, which employs approximately 13,000 people worldwide, anticipates that most of the reductions will be implemented by the end of 2025.
Lloyds Bank
No. of Employees to be Laid off: 3,000
Industry: Banking & Financial Services
September 2025
Lloyds Bank is planning a major overhaul of its operations that could put five percent of its workers on the chopping block. The bank is to axe as many as 3,000 jobs as part of a sweeping performance overhaul aimed at cutting costs and driving profitability.
Salesforce
No. of Employees to be Laid off: 4,000
Industry: Technology
September 2025
Salesforce will cut nearly 4,000 additional jobs as it implements AI in the workplace. Salesforce CEO Marc Benioff cuts customer service jobs in favor of AI agents but insists humans are still needed in the function.
Paramount
No. of Employees to be Laid off: 3,000
Industry: Media & Entertainment
August 2025
Paramount, now operating as Paramount Skydance Corporation following its merger with Skydance Media in early August 2025, is planning a significant round of layoffs. The company is preparing to eliminate approximately 2,000 to 3,000 jobs by early November 2025 as part of a push to achieve $2 billion in annual cost savings.
Kroger
No. of Employees to be Laid off: 1,000
Industry: Retail
August 2025
Kroger is laying off fewer than 1,000 corporate associates, primarily impacting administrative staff at its U.S. offices—not employees in stores, manufacturing plants, or distribution centers. These layoffs are part of a streamlined approach following the breakdown of Kroger’s proposed merger with Albertsons. The company is utilizing cost savings to lower prices, expand into new store locations, and create additional jobs at the store level.
Verily
No. of Employees to be Laid off:
Industry: Medical Devices
August 2025
Alphabet’s life sciences subsidiary, Verily, is shutting down its medical device program and reducing staff as part of a strategic shift to prioritize artificial intelligence and data-driven healthcare solutions. The moves were outlined in an internal memo from CEO Stephen Gillett.
Lotus
No. of Employees to be Laid off: 550
Industry: Automobile
August 2025
Lotus will cut 550 jobs from its workforce across the UK, with the majority of layoffs to be made at the British automaker’s Hethel base in the south of England.
CSL
No. of Employees to be Laid off: 12,000
Industry: Biotechnology
August 2025
Australian biotech CSL would spin off its vaccine division and shed about 3,000 employees. The company, which generates most of its profit from selling blood plasma treatments for rare illnesses, met analyst forecasts with a 14% increase in annual profit. However, it announced plans to divest its vaccine unit, citing a “highly irrational” softness in the U.S. market that has led to a decline in profit.
International Paper Co.
No. of Employees to be Laid off: 1,100
Industry: Manufacturing
August 2025
International Paper Co. would close two Georgia paper mills, including one that has been a cornerstone of Savannah’s economy for 90 years. The company, based in Memphis, Tennessee, said it would stop making cardboard in Savannah and Riceboro by the end of September. The company will lay off about 800 employees in Savannah and about 300 employees.
Dentsu
No. of Employees to be Laid off: 3,400
Industry: Media & Entertainment
August 2025
Japanese advertising company Dentsu Group plans to cut about 3,400 jobs in markets outside of Japan, equivalent to 8 per cent of its headcount in the region, after reporting operating losses in the second quarter. The reduction, focused on headquarters and back-office functions in markets outside of Japan, is designed to streamline operations without affecting the company’s growth potential or competitiveness.
Norsk Hydro
No. of Employees to be Laid off: 750
Industry: Mining
August 2025
Norsk Hydro aims to cut annual costs by NOK 1 billion, including reducing the overall workforce by 750 positions. This measure comes in addition to the already communicated improvement program and reduction in the capex estimate for 2025 from NOK 15 billion to NOK 13.5 billion.
CentraCare
No. of Employees to be Laid off: 750
Industry: Healthcare
August 2025
Minnesota-based CentraCare is laying off 535 employees across the health system in response to significant external pressures and reimbursement rates. The hospital system sent an early notice to the state about the layoffs, which are expected to impact 44 locations. About 70% of the affected roles are administrative and support positions, and 30% are patient care roles
Tata Consultancy Services
No. of Employees to be Laid off: 12,000
Industry: Technology
July 2025
Tata Consultancy Services (TCS), India’s largest IT services exporter, is planning to lay off around 12,000 employees—or roughly 2 per cent of its global workforce. The move is part of the company’s broader effort to realign its workforce strategy and position itself as a “future-ready” organisation, amid evolving technology and operational requirements.
Santander UK
No. of Employees to be Laid off: 2000
Industry: Financial Services
July 2025
Santander UK revealed more than 2,000 roles have been cut amid an ongoing cost-saving overhaul as it reported a drop in half-year profits. The high street lender – whose Spanish parent recently announced a £2.65 billion deal to buy UK rival TSB – said the year-on-year drop in its workforce comes as part of its ongoing “simplification and automation” drive.
Duke University
Duke University is laying off nearly 600 staff members through the University’s voluntary separation incentive program, with involuntary layoffs scheduled to begin in August. The sweeping personnel cuts are expected to significantly reshape University operations, with some departments more heavily affected than others.
Intel
No. of Employees to be Laid off: 24,000
Industry: Technology
July 2025
Intel to cut 24,000 jobs and halt major factory projects in strategic restructuring by the end of 2025. It is one of the most significant restructurings in the company’s history. The chip giant, which had 99,500 workers at the end of 2024, will reduce its workforce to 75,000 employees worldwide. The restructuring involves a complete scrapping of two significant expansion projects in Europe. This includes a delayed $16 billion ‘mega-fab’ project in Germany as well as an oversized assembly and testing facility in Poland. Intel is also scaling down in Costa Rica, shifting more than 2,000 jobs to Vietnam and Malaysia.
Bosch
No. of Employees to be Laid off: 1,100
Industry: Automobile
July 2025
German car parts maker Bosch will cut up to 1,100 jobs by 2029 and restructure its Reutlingen plant as a rapidly worsening auto market drives down sales. The company will focus the plant mainly on manufacturing semiconductors, as making electronic control units is no longer competitive.
Liberty Global
No. of Employees to be Laid off: 800
Industry: Media & Entertainment
July 2025
Liberty Global is planning to cut hundreds of jobs as part of a new restructuring program, according to Bloomberg. The European cable-TV and broadband provider, which is part of John Malone’s media empire, initiated the first round of cuts by offering voluntary buyouts to employees. Approximately 800 employees are eligible for the buyouts, according to one source. The job cuts will affect the company’s core corporate staff, which consists of about 1,900 employees.
Jaguar Land Rover
No. of Employees to be Laid off: 500
Industry: Automobile
July 2025
Jaguar Land Rover (JLR) is to cut up to 500 management jobs in the UK, as the carmaker faces pressure on sales and profits from US trade tariffs. JLR will launch a voluntary redundancy scheme, and the cuts were not expected to exceed 1.5% of its British workforce.
Serepta Therapeutics
No. of Employees to be Laid off: 500
Industry: Biotechnology
July 2025
Sarepta Therapeutics would lay off 36% of its workforce, or about 500 employees, after the recent deaths of two patients who had received its gene therapy Elevidys. Elevidys, approved by the FDA in 2024 for ambulatory Duchenne muscular dystrophy patients aged four and older, is the only gene therapy available for the disease. It carries a known risk of liver damage and was conditionally approved for non-ambulatory patients despite failing to meet the main goal in a late-stage study.
Alaska Air
No. of Employees to be Laid off: 252
Industry: Aviation
July 2025
Hawaiian Airlines began its third round of merger-related layoffs, issuing a WARN (Worker Adjustment and Retraining Notification) notice today, indicating that it plans to cut another 252 of its non-union jobs based in Honolulu. Hawaiian spokesperson Alex Da Silva told the Star-Advertiser that some of these reductions will take place around Sept. 18, the first anniversary of Alaska Air Group’s $1.9 billion acquisition of Hawaiian Holdings.
Indeed, and Glassdoor
No. of Employees to be Laid off: 1,300
Industry: Technology
July 2025
Recruit Holdings, the Japanese parent company of job search platforms Indeed and Glassdoor, has laid off approximately 1,300 employees, or 6% of its HR Technology segment workforce. The cuts come as the company accelerates its investment in AI and prepares to consolidate operations between the two platforms.
Portland General Electric
No. of Employees to be Laid off: 300
Industry: Energy
July 2025
Portland General Electric has laid off 53 full-time employees, resulting in a total reduction of 330 positions. A spokesperson for PGE provided KATU News with a statement that reads in part, “Yesterday, as part of Portland General Electric’s ongoing work to keep bills as low as possible, we made strategic staffing reductions that impacted 330 positions, including 53 full-time employees,123 contract worker positions, and closing 154 unfilled open positions.”
Microsoft
No. of Employees to be Laid off: 9,000
Industry: Technology
July 2025
Microsoft is eliminating 9,000 roles—less than 4% of its workforce—as it realigns its operations to focus on AI and increased efficiency. “We continue to implement organizational changes necessary to best position the company and teams for success in a dynamic marketplace,” a Microsoft spokesperson said in an email. In January, it reduced headcount by less than 1% based on performance. Then in June, the software company slashed more than 6,000 jobs in May and then at least 300 more in June.
Clarks
Clarks slashes over 1,200 roles amid pre-tax loss, as revenues fell by nearly £100m in its latest financial year. The footwear company’s headcount dropped from 7,413 to 6,161 during the last year. Sales were also down from £994.5m in 2023 to £901.3m over the period.
Allianz
No. of Employees to be Laid off: 650
Industry: Insurance
June 2025
Allianz will cut 650 UK insurance jobs by the end of 2025. The job cuts, subject to consultation, will span Allianz UK’s personal lines, commercial, specialty, and central functions
Intel
No. of Employees to be Laid off: 10,000
Industry: Technology
June 2025
Struggling chip giant Intel plans to slash up to 20% of its global workforce, amounting to around 10,000 workers, despite receiving more than $2 billion in federal funding under former President Biden’s signature CHIPS Act. “These are difficult actions, but essential to meet our affordability challenges and the company’s current financial position. It drives pain to every individual,” Naga Chandrasekaran, Intel’s vice president of manufacturing, reportedly wrote in the memo sent to employees. The anticipated reductions are scheduled to begin in weeks and will reportedly affect Intel Foundry, the company’s internal manufacturing division specializing in producing semiconductors for external customers.
Blue Diamond Growers
No. of Employees to be Laid off: 600
Industry: Agriculture, Animal Husbandry & Forestry
June 2025
Blue Diamond Growers, the Sacramento-based almond cooperative, plans to wind down operations at its historic midtown plant and transfer most manufacturing to sites in Turlock and Salida over the next two years.
Jetstar Asia
No. of Employees to be Laid off: 500
Industry: Aviation
June 2025
Singapore-based budget airline Jetstar Asia will cease operations on July 31 due to a “strategic restructuring” by its parent company, Australian flag carrier Qantas. The closure will impact more than 500 employees.
Procter & Gamble (P&G)
No. of Employees to be Laid off: 7,000
Industry: Consumer Products
June 2025
Procter & Gamble plans to eliminate approximately 7,000 non-manufacturing positions, impacting 15% of its white-collar workforce, over the next two fiscal years. The world’s largest consumer goods company also plans to exit some product categories and brands in certain markets, including some potential divestitures, as part of the broader two-year restructuring plan.
Petronas
No. of Employees to be Laid off: 5,000
Industry: Oil & Gas
June 2025
Petronas, Malaysia’s state-owned oil and gas company, will cut about 10% of its workforce or 5000 jobs, in a firm-wide restructuring as it looks to reduce costs due to falling crude prices.
Hudson’s Bay
No. of Employees to be Laid off: 8,300
Industry: Retail
May 2025
Canada’s Hudson’s Bay Company plans to lay off 8,347 employees, or 89% of its workforce. The company will conclude its liquidation sale and shut all stores. Hudson’s Bay, Canada’s oldest retail chain, has been part of the country’s landscape and identity for 355 years, anchoring malls from coast to coast.
The United Nations Secretariat
No. of Employees to be Laid off: 6900
Industry: Government
May 2025
The United Nations Secretariat is preparing to cut its $3.7 billion budget by 20% and slash about 6,900 jobs.
Chiquita Brands
No. of Employees to be Laid off: 5000
Industry: Distribution
May 2025
Banana giant Chiquita Brands has laid off over 5000 workers in Panama, who have been a part of nationwide protests against reforms to the social security system. Protest marches and occasional roadblocks have stretched from one end of the country to the other as teachers, construction workers, and other unions expressed their rejection of changes the government said were necessary to keep the social security system solvent.
Pemex
No. of Employees to be Laid off: 3000
Industry: Energy
May 2025
Mexico’s Pemex, the world’s most indebted energy company, plans to lay off over 3,000 tenured employees and save up to around 10.5 billion pesos ($543.40 million). Angel Cid Munguia was taking over as head of the company’s exploration and production arm, following the surprise departure of Nestor Martinez.
Toronto Dominion Bank
No. of Employees to be Laid off: 2000
Industry: Banking
May 2025
Toronto-Dominion Bank or TD Bank will cut about 2% of its workforce, or roughly 2,000 jobs, as part of a restructuring program. The move is part of a restructuring stemming from its historic settlement with U.S. regulators, which also bars the bank from expanding its stateside retail operations.
Walmart
No. of Employees to be Laid off: 1500
Industry: Retail & eCommerce
May 2025
US retail chain Walmart lays off 1500 staff to ‘simplify’ its structure. The job cuts primarily impact the technology department. Walmart aims to streamline its operations and adapt to evolving technology demands.
Nissan
No. of Employees to be Laid off: 11,000
Industry: Transport
May 2025
Japanese carmaker Nissan will cut another 11,000 jobs globally and shut seven factories as it shakes up the business in the face of weak sales. It brings the total number of layoffs announced by Japan’s third-biggest car maker last year to about 20,000, or 15% of its workforce.
Microsoft
No. of Employees to be Laid off: 7000
Industry: Technology
May 2025
Microsoft is laying off 3% of its workforce, or roughly 7,000 employees, as the technology giant looks to rein in costs. The cuts will be across all levels and geographies, and are likely the largest since Microsoft laid off 10,000 employees in 2023
Burberry
No. of Employees to be Laid off: 1,700
Industry: Consumer Goods
May 2025
Burberry plans to cut around 1,700 jobs globally to become more agile and combat the weak spending plaguing the luxury goods sector. It reported a loss of £3 million ($4 million) during its latest financial year. Revenue also fell sharply in the 12 months to March 29, the company said in its preliminary results. Like other high-end fashion brands, Burberry has grappled with a global slowdown in luxury spending in recent years, with its stock slumping 66% since an all-time high hit in April 2023.
Blusmart
No. of Employees to be Laid off: 10,800
Industry: Transport
May 2025
BluSmart, an EV ride-hailing startup, has ceased operations, leaving around 10,000 drivers and 800 employees without jobs. The company’s services stopped after a notice on March 17, initially described as a routine audit, but never resumed. Drivers, dependent on the platform for income, are now struggling with basic expenses.
Telefonica
No. of Employees to be Laid off: 4000
Industry: Telecommunication
May 2025
Spanish telecom company Telefonica is considering cutting about 4,000 to 5,000 jobs to reduce its structural costs and improve efficiency, news website El Confidencial reported on Monday, citing unnamed financial sources. The company cut about 3,400 jobs last year, which would reduce its costs by 285 million euros per year from 2025.
PwC
No. of Employees to be Laid off: 1,500
Industry: Financial Services
May 2025
Crowdstrike
No. of Employees to be Laid off: 500
Industry: Technology
May 2025
Cybersecurity giant CrowdStrike said on Wednesday that it would lay off 5% of its global workforce, which amounts to about 500 workers. In an 8-K filing, CrowdStrike said the layoffs were part of a “a strategic plan (the ‘Plan’) to evolve its operations to yield greater efficiencies as the Company continues to scale its business with focus and discipline to meet its goal of $10 billion in ending [Annual Recurring Revenue].”
United Parcel Service (UPS)
No. of Employees to be Laid off: 20,000
Industry: Delivery Services
April 2025
UPS plans to cut 20,000 jobs this year, as part of its cost-cutting effort linked to the delivery giant’s decision to deliver fewer packages from Amazon, its biggest customer. The shipping company operates in over 200 countries and currently has around 490,000 employees. The layoffs will impact slightly over 4% of its workforce.
Volkswagen
No. of Employees to be Laid off: 7,000
Industry: Automobile
April 2025
Volkswagen has cut headcount in Germany by around 7,000 since starting its cost-cutting drive in late 2023 and reduced factory costs at the key VW brand.
Moët Hennessy
No. of Employees to be Laid off: 1200
Industry: Consumer Products
April 2025
LVMH group’s wine and spirits business, Moet Hennessy, will reduce its workforce by more than 10%, about 1,200 employees, according to an internal video message from the division’s CEO, Jean-Jacques Guiony.
Oman Air
No. of Employees to be Laid off: 1000
Industry: Aviation
April 2025
Oman Air has cut around 1,000 jobs to improve efficiency and achieve financial stability. Previously, the airline employed 4,300 people, bringing the new headcount down to 3,300 people.
The United States Cellular Corp.
No. of Employees to be Laid off: 4100
Industry: Telecommunication
April 2025
UScellular has notified regulators of plans to lay off more than 4,000 jobs across the US. The layoffs are a part of the company’s deal to sell its wireline operations to T-Mobile. The regional mobile carrier agreed to sell approximately 30 percent of its wireless spectrum to T-Mobile last year for $4.4 billion.
STMicroelectronics
No. of Employees to be Laid off: 2800
Industry: Manufacturing
April 2025
STMicroelectronics plans to cut nearly 3,000 jobs through 2027 as the European chip maker seeks to revamp its fortunes after months of lackluster sales. The company will offer voluntary measures, meaning that employees, particularly those nearing retirement, will be offered an incentive to leave. Negotiations with employees’ representatives will also take place.
Wicresoft
No. of Employees to be Laid off: 2800
Industry: It Services & Outsourcing
April 2025
Microsoft’s joint venture with Wicresoft will cease its China operations, leading to the layoff of about 2,000 staff. The move is in line with Microsoft’s decision to stop outsourcing after-sales support in China to Wicresoft. Questions about how the U.S. tech firm will service China-based users of its Windows and Office products are being raised.
General Motors
No. of Employees to be Laid off: 500
Industry: Automobile
April 2025
General Motors Co. will temporarily halt production of Chevrolet BrightDrop electric delivery vans at its plant in Ingersoll, Ontario. The plant will be closed until October. When the CAMI Assembly plant east of London, Ont., reopens to make next year’s vans, about 500 of the 1,200 unionized jobs will be eliminated.
Zomato
No. of Employees to be Laid off: 600
Industry: Restaurant & Food Delivery
April 2025
Zomato, the online food delivery platform, has laid off up to 600 customer support employees, just a year after hiring them. The company said it faces challenges in its core food delivery business and rising losses in its quick commerce subsidiary, Blinkit. According to reports, the company hired nearly 1,500 employees last year through its Zomato Associate Accelerator Program (ZAAP) to fill customer support roles.
UPS
No. of Employees to be Laid off: 672
Industry: Logistics & Supply Chain
April 2025
United Parcel Service said Friday it plans to lay off 244 workers as it prepares to temporarily close a North Portland facility. The company is also set to close several hundred U.S. facilities amid its ongoing shift to having automated sorting facilities handle more volume. The delivery service said the other 672 hourly employees who work at the North Basin spot are “expected to experience an employment loss as a result of this closure,” as UPS plans to offer them work in other positions “where possible.”
Jeanswest
No. of Employees to be Laid off: 600
Industry: E-Commerce, Retail
March 2025
Clothing retailer Jeanswest has collapsed, with more than 90 stores set to close within months and hundreds of employees set to lose their jobs. “The owners have done everything they can to keep Jeanswest going,” administrator Lindsay Bainbridge said in a statement. All stock at Jeanswest stores is expected to go on sale shortly, Mr Bainbridge said, with the retailer currently promoting a mid-season sale.
Block
No. of Employees to be Laid off: 1000
Industry: Technology
March 2025
Block has laid off 931 workers, which make up around eight percent of its entire staff. The publications have viewed an email, wherein the financial technology company’s co-founder and CEO, Jack Dorsey, has discussed the latest organizational changes. Dorsey said that Block is eliminating roles based on three areas, starting with strategy. The company is letting 391 people go, because it’s reducing “teams that are off strategy.” It’s also parting ways with 460 workers who scored a “below” rating or are trending towards a “below” rating in its internal performance tracking metrics.
Morrisons
No. of Employees to be Laid off: 365
Industry: Retail
March 2025
Morrisons plans to shut down 17 convenience stores, 52 cafes and over a hundred other in-store services. The supermarket chain also plans to cut 18 market kitchens, 13 florists, 35 meat counters, 35 fish counters and four pharmacies in the next few months. The changes put 396 Morrisons employees at risk of redundancy, the company has said.
Audi
No. of Employees to be Laid off: 7,500
Industry: Automobile
March 2025
Audi, the luxury vehicle manufacturer under Volkswagen AG, plans to lay off around 7,5000 employees in Germany by 2029. These job cuts will be in areas like administration and development, as per Reuters report
Siemens
No. of Employees to be Laid off: 5600
Industry: Conglomerate
March 2025
Morgan Stanley
No. of Employees to be Laid off: 2,000
Industry: Financial Services
March 2025
Morgan Stanley plans to cut 2,000 jobs as part of a workforce restructuring. This move aims to improve operational efficiency and adapt to changes, including increased automation.
USPS
No. of Employees to be Laid off: 10,000
Industry: Logistics & Supply Chain
March 2025
Postmaster General Louis DeJoy told Congress in a letter Thursday that the USPS aims to eliminate 10,000 jobs using a voluntary early retirement program over the next 30 days to reduce costs at the financially strapped U.S. Postal Service. The USPS employs roughly 635,000 people.
Johns Hopkins University
No. of Employees to be Laid off: 2000
Industry: Education
March 2025
Johns Hopkins University will cut more than 2,000 jobs after it lost $800 million in funding from the US Agency for International Development amid the Trump administration’s effort to downsize the federal government significantly. Most layoffs will be at the top research university, impacting its international employees.
Chewy
No. of Employees to be Laid off: 650
Industry: Consumer Products, E-commerce
March 2025
The online pet supply retailer Chewy is set to lay off more than 650 jobs at its Dallas location. Chewy plans to continue operating online, though it “will remain open in a substantially reduced capacity.” The company that opened its 663,000-square-foot fulfillment center in 2017 has other fulfillment centers across the company.
DHL
No. of Employees to be Laid off: 8000
Industry: Logistics & Supply Chain
March 2025
DHL plans to cut 8,000 jobs in Germany this year, which is the biggest staff reduction programme in its home market in at least two decades. The cuts are in response to falling letter volumes and what it says is overly strict regulation. CEO Tobias Meyer said that despite raising letter postage prices, it wasn’t enough due to limits set by German regulators.
Goldman Sachs
No. of Employees to be Laid off: 1395
Industry: Financial Services
March 2025
Goldman Sachs plans to cut its staff by 3% to 5% in an annual performance review process this spring. That would equal more than 1,395 job cuts from the bank’s global workforce of 46,500 as od December 2024.
JioStar
No. of Employees to be Laid off: 110
Industry: Media & Entertainment
March 2025
JioStar, India’s largest media conglomerate formed through the merger of Reliance Industries’ Viacom18 and Disney Star India, plans to lay off over 1,100 employees. The cuts are a part of a restructuring effort to streamline operations and eliminate overlapping roles in the newly formed joint venture.
Ola Electric
No. of Employees to be Laid off: 1000
Industry: Automobile
March 2025
Ola Electric, an electric two-wheeler maker, plans to lay off around 1,000 employees in the sales, distribution, and marketing departments. According to a Bloomberg report, the company has decided to cut jobs to increase its profits.
Starbucks
No. of Employees to be Laid off: 1100
Industry: Restaurant & Food Service
February 2025
Starbucks will lay off 1,100 corporate employees, and the cuts will not affect cafe staff. CEO Brian Niccol aims to streamline the company’s operations, as he tries to turn the business around after four straight quarters of same-store sales declines.
Hewlett Packard
No. of Employees to be Laid off: 2000
Industry: Technology
February 2025
As per the SEC filing, HP is laying off up to 2,000 people of its 58,000-person global workforce. The filing reads, “HP expects incremental gross workforce reductions of approximately 1,000 to 2,000 employees. The changes to the workforce will vary by country, based on local legal requirements and consultations with employee works councils and other employee representatives, as appropriate.”
Saks Global
No. of Employees to be Laid off: 5% of Corporate Workforce
Industry: Retail
February 2025
Saks Global plans to lay off approximately 5% of its US corporate workforce. This decision came after the department store had integrated its recent acquisition, Neiman Marcus. The job cuts will affect employees across finance, legal, and operations departments.
Chevron
No. of Employees to be Laid off: 8000
Industry: Automobile
February 2025
Chevron will lay off 8,000 employees, or 15% to 20% of its global workforce, by the end of 2026 as it seeks to cut costs, simplify its business, and complete a major acquisition.
Commerzbank
No. of Employees to be Laid off: 3900
Industry: Banking
February 2025
Commerzbank is planning to lay off 3,900 employees as part of its restructuring efforts. This strategic move aims to enhance efficiency and profitability amid a potential takeover bid from Italy’s UniCredit.
Porsche
No. of Employees to be Laid off: 1900
Industry: Automobile
February 2025
Porsche plans to reduce its workforce by 1,900 positions in Germany by 2029, primarily affecting its Stuttgart-Zuffenhausen factory and the Weissach research and development center. This decision is in response to weak demand for its electric vehicle (EV) models, and challenging geopolitical and economic conditions. The company aims to implement these reductions through voluntary redundancy packages and early retirement offers, as forced layoffs are precluded by an employment protection agreement in place until 2030.
Blue Origin
No. of Employees to be Laid off: 1400
Industry: Aviation
February 2025
Blue Origin, the aerospace company founded by Jeff Bezos, has announced a reduction of approximately 10% of its workforce, affecting around 1,400 employees across facilities in Florida, Texas, and Washington. Blue Origin plans to continue investing in critical areas and hiring for positions that align with its strategic goals.
Bell Canada
No. of Employees to be Laid off: 1200
Industry: Telecommunication
February 2025
Bell Canada has announced an “enhanced voluntary separation program” offering severance packages to approximately 1,200 unionized employees. This is attributed to “unprecedented challenges” and organizational changes, including the transition of customers to newer fibre networks, which have led to reduced workloads requiring fewer positions.
Estée Lauder
No. of Employees to be Laid off: 7000
Industry: Consumer Products
February 2025
Cosmetics giant Estée Lauder will lay off up to 7,000 jobs as a part of the major restructuring plan as the company struggles due to reduced demand. The company, founded and controlled by New York’s Lauder family, will cut about 10% of its workforce as part of the expanded turnaround plan under new CEO Stéphane de La Faverie.
Workday
No. of Employees to be Laid off: 1,750
Industry: Technology
February 2025
Workday, the human capital management firm, will cut around 1,750 jobs, or 8.5% of its current workforce, as it invests heavily in artificial intelligence. CEO Carl Eschenbach said the layoffs are necessary to prioritize investments like artificial intelligence and freeing up resources to expand the company’s presence in different countries.
Cruise
No. of Employees to be Laid off: 50% of Workforce
Industry: Automobile
February 2025
General Motors is laying off nearly 50% of the employees who remain at its discontinued Cruise robotaxi business. “Today, Cruise shared the difficult decision to part ways with approximately 50% of its workforce,” Cruise said in an emailed statement. “We are grateful for their passion and contributions to help us reach this stage, and our focus is on supporting them into their next chapter with severance packages and career support.” Cruise had nearly 2,300 employees as of the end of last year, a GM spokesman previously told CNBC.
Salesforce
No. of Employees to be Laid off: 1,000
Industry: Technology
February 2025
Salesforce plans to layoff more than 1,000 employees. Displaced workers will be able to apply for other jobs internally. A representative of San Francisco-based Salesforce declined to comment. It couldn’t be determined which divisions the reductions were focused on.
Dow
No. of Employees to be Laid off: 1500
Industry: Chemicals & Fertilizers
January 2025
Dow Inc. plans to reduce its global workforce by approximately 1,500 positions, representing about 4% of its employees, as part of a broader strategy to cut costs by $1 billion.
Mosaic Brands
No. of Employees to be Laid off: 900
Industry: Retail
January 2025
Mosaic Brands, a prominent Australian fashion retail group, is closing its remaining Millers and Noni B stores after unsuccessful attempts to find buyers for these brands. This will result in the shutdown of 252 stores, including 11 in New Zealand, and will impact about 933 employees.
Tesco
No. of Employees to be Laid off: 400
Industry: Retail
January 2025
Tesco, the UK’s largest supermarket chain, has announced plans to cut approximately 400 jobs as part of its strategy to “simplify” operations amid an increasingly competitive grocery market.
Sainsbury’s
No. of Employees to be Laid off: 3000
Industry: Retail
January 2025
Sainsbury’s plans to cut 3,000 jobs as it shuts down its remaining cafés and closes its patisserie and pizza counters. The supermarket will “simplify the business”, adding that most Sainsbury’s shoppers “do not use the cafés regularly”. It also plans to make a 20% reduction in senior management roles in a challenging cost environment.
Amazon
No. of Employees to be Laid off: 1700
Industry: Retail
January 2025
Amazon will close its facilities in Quebec and lay off nearly 2,000 employees, including 1,700 permanent positions. The company will outsource deliveries to smaller contractors.
Bridgestone Americas
No. of Employees to be Laid off: 700
Industry: Automobile
January 2025
Bridgestone Americas plans to shutter its La Vergne tire plant later this year, which will leave 700 workers based in Rutherford County without jobs. The U.S. arm of Japanese manufacturing giant Bridgestone Corporation explained the decision on Thursday as part of a plan to “optimize its business footprint” and strengthen competitiveness in the automotive parts industry.
BP
No. of Employees to be Laid off: 7,700
Industry: Energy & Utilities
January 2025
BP will reduce its global workforce by over 5%, affecting approximately 4,700 employees and 3,000 contractor positions. “We have got more we need to do through this year, next year, and beyond, but we are making strong progress as we position BP to grow as a simpler, more focused, higher-value company,” Auchincloss said in the memo.
Meta
No. of Employees to be Laid off: 3600
Industry: Technology
January 2025
Meta plans to reduce its workforce by approximately 5%, targeting its lowest-performing employees.In a memo shared on the company’s internal Workplace forum, CEO Mark Zuckerberg announced the decision to “move out low performers faster.” He also indicated that 2025 will be “an intense year” for the company.
Gazprom
No. of Employees to be Laid off: 4,100
Industry: Energy & Utilities
January 2025
Gazprom, Russia’s state oil conglomerate, is set to lay off 1,600 out of 4,100 staff in its St. Petersburg central office.
Renesas
No. of Employees to be Laid off: 1000
Industry: Manufacturing
January 2025
Renesas, the Japanese chipmaker, will lay off less than 5% of its global workforce, or 1000 employees, amid sluggish demand for its chips. The company whose customers include automakers Toyota and Nissan has also cancelled salary increases including for executives planned for this spring.
Wayfair
No. of Employees to be Laid off: 1000
Industry: Retail
January 2025
Wayfair is ending operations in Germany, effective immediately. The restructuring will impact around 730 employees. However, the company expects to relocate half of these positions to other corporate offices.
Renesas Electronics
No. of Employees to be Laid off: 1000
Industry: Manufacturing
January 2025
The Japanese company Renesas Electronics, which produces chips, plans to reduce its workforce by less than 5%, or around 1000 employees. The layoffs are due to the company’s challenges, including a decrease in demand for its chips.
Gazprom
No. of Employees to be Laid off: 1600
Industry: Energy & Utilities
January 2025
Gazprom, Russia’s state oil conglomerate, will lay off 1,600 out of 4,100 staff in its St. Petersburg central office.
BlackRock
No. of Employees to be Laid off: 1% of Workforce
Industry: Financial Services
January 2025
BlackRock is cutting roughly 1 percent of its workforce after it committed more than US$25 billion (S$34 billion) for acquisitions in 2024 to expand its reach in private market assets and data. The cuts are part of BlackRock’s efforts to align its resources with its strategy.
Colibrium Additive
No. of Employees to be Laid off: 48% of its Workforce
Industry: Manufacturing
January 2025
GE-owned Colibrium Additive, an American manufacturer of industrial metal 3D printers utilizing PBF (formerly Concept Laser), EBM (formerly Arcam), and BinderJetting technologies, experienced significant losses in 2024 and is now planning to lay off between 40% and 48% of its workforce in Germany.
Tenneco
No. of Employees to be Laid off: 140
Industry: Automotive Manufacturing
January 2025
Tenneco, an international vehicle parts manufacturer, is laying off 140 employees at its El Paso plant as part of its global downsizing.
Bags Inc.
No. of Employees to be Laid off: 246
Industry: Tourism & Hospitality
December 2024
Bags Inc., the valet company, will cut approximately 246 positions at at least 10 Walt Disney World Resort hotels where it currently offers valet services.
Helvetia
No. of Employees to be Laid off: 500
Industry: Insurance
December 2024
Swiss insurer Helvetia plans to cut around 500 jobs and relocate some workers as part of an efficiency program to save about 200 million francs ($224 million) over the next three years.
Ingram Micro
No. of Employees to be Laid off: 850
Industry: It Services & Outsourcing
December 2024
IT distribution company Ingram Micro is laying off about 850 employees, with a planned layoff expected to be complete by the end of the first quarter of 2025. The restructuring includes integrating Ingram Micro’s digital and information technology teams to reduce costs and eliminate redundancies, transforming the company’s historical shared services model into an exception-based model, and streamlining selected country, business, and functional organizations.
Airbus
No. of Employees to be Laid off: 500
Industry: Aviation
December 2024
Airbus will lay off 477 jobs in the UK as it scales back its space business and tries to trim costs. Over 2,000 jobs – 5% of its workforce – will be lost globally by mid-2026. Almost all the positions affected do not relate to specific projects or programs. The job cuts came as the firm’s profits fell even though its sales rose, with the plane maker admitting in July it was struggling with “bottlenecks” in its supply chain.
Lion Electric
No. of Employees to be Laid off: 500
Industry: Manufacturing
December 2024
Electric bus manufacturer Lion Electric is temporarily laying off 400 employees and shutting down production at its Illinois plant. The company has secured a loan extension to Dec. 16 and a credit agreement with a syndicate of lenders. Its 300 remaining employees will focus on bus manufacturing, sales, and delivery.
ThyssenKrupp Steel Europe
No. of Employees to be Laid off: 11000
Industry: Metal & Mining
November 2024
German industrial giant Thyssenkrupp’s steel business plans to cut 40% of its workforce over the coming years, with workers promising fierce resistance. The largest steelmaker is under pressure from cheaper Asian companies, high power prices, and a weakening global economy, leading to losses in the past five years.
Bosch
No. of Employees to be Laid off: 5000
Industry: Automotive
November 2024
German automotive supplier Bosch plans to lay off 5,000 employees. The job cuts come as German auto companies push to reduce costs to stay competitive in the international market.
Valeo
No. of Employees to be Laid off: 1000
Industry: Automotive
November 2024
Valeo SA plans to cut about 1,000 jobs in Europe and close its two plants in France. The shutdown are due to the gloomy outlook for the car industry and a loss of competitiveness in the region.
Nissan
No. of Employees to be Laid off: 1000
Industry: Automobile
November 2024
Nissan Motor plans to lay off or transfer about 1,000 jobs in Thailand as it reduces production in Southeast Asia. This is part of its recently announced global workforce reduction plan. It will partially stop production at its Thailand Plant No.1, one of two car assembly plants in the country, and consolidate the operations into Plant No.2 by September next year.
Ford
No. of Employees to be Laid off: 4000
Industry: Automobile
November 2024
Ford plans to cut nearly 4,000 jobs in Europe over the next three years, approximately 14% of its workforce in the region, as the carmaker faces slowing demand for electric vehicles and increasing competition from China.
Boeing
No. of Employees to be Laid off: 700
Industry: Aviation
November 2024
According to a federally-required filing, Boeing issued layoff notices to 692 workers in Missouri, home to the company’s Defense, Space & Security division. The layoffs are a part of the debt-heavy U.S. planemaker’s plan to cut 17,000 jobs or 10% of its global workforce.
Ola Electric
No. of Employees to be Laid off: 500
Industry: Automobile
November 2024
Ola Electric Mobility is laying off, eliminating 500 positions across various departments and levels. The downsizing that commenced in September is anticipated to end by November. The company has been gradually removing redundant roles across verticals and levels.
Siemens
No. of Employees to be Laid off: 5000
Industry: Technology
November 2024
German tech giant Siemens is considering cutting up to 5,000 jobs globally in its factory automation sector due to ongoing challenges. CEO Roland Busch explained that restructuring is required following Siemens’ recent report of a 46 percent decline in profits within its core Digital Industries division.
KFC Indonesia
No. of Employees to be Laid off: 2274
Industry: Restaurant & Food Services
November 2024
KFC Indonesia shuttered over 47 outlets and laid off over 2274 employees after massive losses in 2024. In its financial report, FAST disclosed that in the first nine months of this year, the company reduced its operational store count to 715 from the 2023 figure of 762. Its workforce has also significantly decreased, now standing at over 13,700 employees compared to nearly 16,000 previously.
Alitalia
No. of Employees to be Laid off: 2000
Industry: Aviation
November 2024
Italy’s former national carrier, Alitalia, has started the process of laying off its remaining 2,059 employees. The move comes as the successor to bankrupt Alitalia, ITA Airways, faces hurdles in its merger plans with German Lufthansa.
SMA Solar
No. of Employees to be Laid off: 1100
Industry: Energy
November 2024
Germany’s SMA Solar plans to lay off up to 1,100 jobs worldwide and has lowered forecasts for the year. In September, SMA Solar launched a company-wide restructuring program to save up to 200 million euros ($211.28 million) in costs.
General Motors
No. of Employees to be Laid off: 1000
Industry: Automobile
November 2024
General Motors (GM) plans to lay off approximately 1,000 employees worldwide to reduce fixed costs by $2 billion by the end of 2024. The cuts will primarily impact white-collar workers in the United States.
Nissan
No. of Employees to be Laid off: 9000
Industry: Automobile
November 2024
Japanese automaker Nissan announced a global workforce reduction of 9,000 people, or about 6% of its 133,000 employees. The company also plans to slash global production capacity by 20%. The layoffs are due to a loss for the latest fiscal quarter, as its vehicle sales sank while costs and inventory increased, prompting the cuts.
Bosch
No. of Employees to be Laid off: 7000
Industry: Automotive
November 2024
Bosch plans to lay off 7,000 employees due to ongoing business challenges. The German automotive components giant also indicated that additional job cuts may be necessary, as the company has not met its financial targets for 2024.
Schaeffler
No. of Employees to be Laid off: 4700
Industry: Automotive
November 2024
German machine and car parts maker Schaeffler plans to lay off 4,700 people in Europe after its operating profit almost halved in the third quarter. Schaeffler would see the biggest staff reduction, with plans to lay off around 2,800 people at ten sites. The rest of the job cuts will be across five plants in Europe, including two site closures.
Auchan
No. of Employees to be Laid off: 2000
Industry: Retail
November 2024
French supermarket retailer Auchan plans to cut over 2,000 jobs in various departments. The job cuts revealed on 5 November 2024, are one component of a strategic plan focused on revitalizing its hypermarket and supermarket formats through new sales projects, competitive pricing, and an overhaul of its business model.
Michelin
No. of Employees to be Laid off: 1250
Industry: Automotive
November 2024
Michelin will shut down two of its French production sites, affecting around 1,250 workers as competition from Asia clouds the European automotive sector. The French automotive manufacturer plans to close its sites in Cholet and Vannes by early 2026.
Santander
No. of Employees to be Laid off: 1400
Industry: Banking
October 2024
Banco Santander is cutting over 1,400 jobs in its UK business as a cost-cutting initiative. The redundancy plan is taking place as lenders worldwide shift towards online banking.
Visa
No. of Employees to be Laid off: 1400
Industry: Financial Services
October 2024
Visa plans to lay off about 1,400 employees and contractors by the end of the year as it streamlines its international business. About 1,000 of the cuts are expected to eliminate technology positions. Most other layoffs would focus on Visa’s merchant sales and global digital partnership roles.
Dropbox
No. of Employees to be Laid off: 528
Industry: Technology
October 2024
Dropbox is set to cut about 20% of its workforce, around 528 jobs, the second round of layoffs just this year. CEO Drew Houston announced the newest round of job cuts, saying they are part of the company’s transitional period as it seeks to center itself around its AI tool, Dash for Business, among other products.
Intesa Sanpaolo
No. of Employees to be Laid off: 4000
Industry: Banking
October 2024
Italy’s largest bank, Intesa Sanpaolo, has agreed with unions to fund an early retirement scheme for 4,000 employees, saving 500 million euros ($539 million).
Bread Financial
No. of Employees to be Laid off: 500
Industry: Financial Services
October 2024
Bread Financial Group plans to lay off approximately 500 employees nationwide, including around 130 positions in Ohio. Rachel Stultz, Senior Director of Corporate Affairs, said, “We have made the difficult but necessary decision to transition more of our customer service roles to existing global customer servicing partners.”
Fidelity International
No. of Employees to be Laid off: 500
Industry: Financial Services
October 2024
Fidelity International (FIL) will cut around 500 jobs at one of its Chinese operations, marking the largest downsizing of a global financial firm in the world’s second-largest economy in recent years. UK-headquartered FIL told staff about the job cuts at one of its tech and operation centers in China’s northern Dalian.
Airbus
No. of Employees to be Laid off: 2,500
Industry: Aviation
October 2024
Airbus plans to slash up to 2,500 jobs in its defense and space division, citing a “complex business environment” marked by challenges including rising costs and “rapid changes in warfare.”
Nokia
No. of Employees to be Laid off: 2000
Industry: Telecommunication
October 2024
Nokia, the telecom equipment maker, has laid off nearly 2,000 employees in Greater China, about 20 percent of its workforce in the region, and plans to cut 350 more jobs across Europe, according to a Reuters report.
Boeing
No. of Employees to be Laid off: 17,000
Industry: Aviation
October 2024
Boeing will cut 17,000 jobs—10% of its global workforce—due to a year-long delay in the first deliveries of its 777X jet and record $5 billion in losses in the third quarter. The U.S. planemaker is continuing to spiral during a month-long strike.
Amazon
No. of Employees to be Laid off: 2900
Industry: Retail
October 2024
Amazon, the global e-commerce giant, is set to undergo a significant managerial restructuring. The company plans to cut approximately 14,000 managerial positions by early 2025. This move will enhance its operational efficiency, streamline decision-making, and save up to $3 billion annually.
ByteDance (TikTok)
No. of Employees to be Laid off: 500
Industry: Technology
October 2024
ByteDance’s TikTok is laying off hundreds of employees globally, with over 500 jobs cut in Malaysia, as the company shifts towards AI-based content moderation. The restructuring aims to enhance global content moderation efficiency, with 80% of guideline-violating content now removed by automated technologies.
CVS Health
No. of Employees to be Laid off: 2900
Industry: Healthcare
October 2024
CVS Health will lay off about 2,900 employees, representing less than 1% of its workforce, as the healthcare conglomerate aims to cut costs. The reductions would primarily impact corporate roles and not frontline jobs in stores, pharmacies, and distribution centers
Crédit Commercial de France (CCF)
No. of Employees to be Laid off: 1000
Industry: Banking
October 2024
Credit Commercial de France (CCF), owned by Cerberus Capital Management, plans to reduce its workforce by over 1,000 employees and close nearly half of its branches as part of a restructuring effort. The move comes after Cerberus acquired the French retail bank from HSBC in early 2024 to return the bank to sustainable growth.
Ontex
No. of Employees to be Laid off: 1000
Industry: Consumer Products
October 2024
Belgian personal hygiene group Ontex plans to close its factory in Eeklo, resulting in the loss of around 350 jobs. The layoffs are a part of its strategic transformation to strengthen its competitive position in the European market.
General Motors
No. of Employees to be Laid off: 1695
Industry: Automobile
September 2024
As per the Worker Adjustment and Retraining Notification (WARN) notice filed, General Motors (GM) will begin laying off 1,695 workers at its Fairfax Assembly plant in Kansas. Earlier in May, GM had said that it would pause production of the Cadillac XT4 after January 2025 in Kansas, resulting in layoffs of production employees until production resumes in late 2025 for both the Bolt EV and XT4.
Pitney Bowes
No. of Employees to be Laid off: 1200
Industry: Logistics
September 2024
Pitney Bowes’ former e-commerce logistics unit will lay off over 1,200 employees and close six facilities as it winds down its operations. Most job cuts will occur in early October when five warehouses close. The sixth facility, a distribution center in Monroe, N.J., will close Nov. 7, resulting in 413 layoffs.
Seriti Resources
No. of Employees to be Laid off: 1137
Industry: Metals & Mining
September 2024
South African coal miner Seriti Resources plans to cut as many as 1 137 workers across two opencast operations because the mines are unprofitable.
GE Vernova
No. of Employees to be Laid off: 900
Industry: Energy & Utilities
September 2024
GE Vernova, the largest wind turbine manufacturer in the United States, could cut up to 900 jobs globally as it looks to restructure its offshore wind business. Inflation, global supply chain challenges, and other industry-wide issues have contributed to the company’s decision to downsize its offshore wind unit.
Verizon Communications
No. of Employees to be Laid off: 4800
Industry: Telecommunications
September 2024
Verizon Communications expects charges of up to $1.9 billion in the third quarter related to employee buyouts. About 4,800 employees will leave the telecommunications giant by March under Verizon’s voluntary separation program announced in June. Half of those employees will go in September.
Ricoh
No. of Employees to be Laid off: 2000
Industry: Business Services
September 2024
The Japanese company Ricoh, which makes printers and other imaging equipment, plans to cut around 2,000 jobs worldwide by March next year, or over 2% of its workforce. The move comes as demand for multifunction printers shrinks as offices go paperless.
PwC US
No. of Employees to be Laid off: 1800
Industry: Financial Services
September 2024
PricewaterhouseCoopers’s U.S. unit is laying off about 1,800 workers, its first formal layoffs since 2009, and restructuring its products and technology group to simplify operations and address declining demand for specific advisory services. The company plans to notify those affected, roughly 2.5% of the workforce at the U.S. unit, in October.
LL Flooring
No. of Employees to be Laid off: 2000
Industry: Retail
September 2024
LL Flooring closed nearly 100 of its 442 stores earlier this year and filed for Chapter 11 bankruptcy. As a result of the closures, around 2,000 employees will lose their jobs. The company said that placed flooring installation orders will be completed over the next 30 days, but no new installation orders will be accepted.
Telia
No. of Employees to be Laid off: 3000
Industry: Telecommunication
September 2024
Sweden’s Telia is looking to cut around 15% of its workforce as part of plans to cut annual costs by 2.6 billion Swedish crowns ($253 million). Out of the 3,000 job cuts targeted, about 1,400 will be in Sweden, and the rest will be divided among different countries.
MasOrange
No. of Employees to be Laid off: 759
Industry: Telecommunication
September 2024
Spain’s largest mobile operator, MasOrange, partly owned by France’s Orange, plans to cut up to 795 jobs, or around 10% of the workforce. The company, which resulted in a merger between Orange’s local unit and Spanish rival MasMovil, has more than 30 million mobile customers.”Since the merger, the company has identified redundancies within the workforce…It will affect a maximum of 10% of employees and will be voluntary,” a spokesperson of MasOrange told Reuters.
Edwards Lifesciences
No. of Employees to be Laid off: 540
Industry: Biotechnology
September 2024
Edwards Lifesciences will lay off 3% of its global workforce, about 540 employees, to realign resources and capabilities. The restructuring comes the same week Edwards completed the $4.2 billion sale of its critical care business to BD.
IBM
No. of Employees to be Laid off: 1000
Industry: Technology
August 2024
According to Bloomberg, IBM is set to close a hardware research and development team in China, which will impact less than 1,000 employees. This move comes amid escalating geopolitical tensions between the US and China. The affected team, which focuses on server and storage technology, will see its job functions transferred to other countries, notably India.
Scale AI
No. of Employees to be Laid off: 1000
Industry: Technology
August 2024
Tech startup Scale AI has laid off over 1,000 contract workers at data annotation, a sign of persistent turbulence throughout the tech industry. The cuts were made quietly via email, and company leadership made no official statement.
Tata Steel
No. of Employees to be Laid off: 2800
Industry: Mining & Steel
August 2024
Over 2,000 workers at Tata Steel’s sites in South Wales have applied for voluntary redundancy as part of the company’s plan to cut 2,800 jobs nationwide. Most employees are based in Port Talbot, where the company plans to close its second blast furnace in a month. The first 2,800 workers to lose their jobs are expected to leave the business within weeks.
Klarna
No. of Employees to be Laid off: 1000
Industry: Financial Services
August 2024
Klarna, the buy now, pay later fintech company, has cut over 1,000 jobs as part of a strategic shift towards artificial intelligence.
Mastercard
No. of Employees to be Laid off: 1000
Industry: Financial Services
August 2024
US payments giant Mastercard has confirmed it plans to cut around 3% of its full-time global workforce—around 1,000 employees—as part of organizational changes. The company plans to “redeploy resources into growth areas” as it implements these changes.
SkipTheDishes and Just Eat
No. of Employees to be Laid off: 800
Industry: Restaurant
August 2024
SkipTheDishes and Just Eat cut 800 jobs in Canada amid restructuring. Over 100 Canada-based workers will be laid off in SkipTheDishes. Over 700 staff members who work for its owner Just Eat Takeaway.com will also lose their jobs.
CSIRO
No. of Employees to be Laid off: 500
Industry: Government
August 2024
The national science agency of Australia, CSIRO, will cut up to 500 non-scientific roles as the restructuring of the science agency continues. The organization aims to save around AU$100 million by implementing these reductions,
Cisco
No. of Employees to be Laid off: 7% of Workforce
Industry: Technology
August 2024
Cisco Systems plans to lay off 7% of its employees as it shifts its focus to more rapidly growing areas of technology, such as artificial intelligence and cybersecurity. The company had 84,900 employees as of July 2023. Based on that figure, the number of jobs cut would be about 5,900. In February, Cisco announced it would cut about 4,000 jobs.
Lykos Therapeutics
No. of Employees to be Laid off: 75% of Workforce
Industry: Biotechnology
August 2024
Lykos Therapeutics will reduce its workforce by 75% and initiate some executive changes. This comes days after the U.S. Food and Drug Administration declined approval for its MDMA-based treatment for post-traumatic stress disorder. Lykos, formerly known as MAPS Public Benefit Corp, announced that its founder, Rick Doblin, would be leaving the company’s board.
Stellantis
No. of Employees to be Laid off: 2450
Industry: Automobile
August 2024
Stellantis will indefinitely lay off up to 2,450 U.S. plant workers in Warren, Michigan, later this year as it discontinues production of an older version of its Ram 1500 pickup.
Paramount Global
No. of Employees to be Laid off: 2000
Industry: Manufacturing
August 2024
Paramount Global will cut 15% of its U.S. workforce in the next few weeks—a round of layoffs that will affect about 2,000 employees—ahead of its planned merger with Skydance Media. With the layoffs, Paramount CFO Naveen Chopra said the company expects to record a restructuring charge of $300 million to $400 million in Q3.
Infineon
No. of Employees to be Laid off: 1400
Industry: Technology
August 2024
TIAA Bank
No. of Employees to be Laid off: 1000
Industry: Banking
August 2024
TIAA, one of the nation’s largest financial firms, informed its employees that it is closing its Denver operations center over the next two years, putting about 1,000 jobs at risk. TIAA will close its Jacksonville, Fla., office in July 2025 and its Denver center,1670 Broadway, in July 2026.
NCR Voyix
No. of Employees to be Laid off: 800
Industry: Retail
August 2024
NCR Voyix, whose technology systems are used by several major C-store retailers in the U.S., laid off workers last week, Trish Nettleship, the company’s chief marketing officer, said in an email to C-Store Dive.
Intel
No. of Employees to be Laid off: 15000
Industry: Technology
July 2024
Intel plans to lay off 15,000 employees, or more than 15% of its workforce. Recent layoffs could have been spurred by economic worries in the midst of a slumping earning season for many companies. However, layoffs specific to the tech industry could also be due to a mad scramble to develop artificial intelligence and capitalize on a trend that hasn’t yet proved to be profitable.
American Electric Power (AEP)
No. of Employees to be Laid off: 1500
Industry: Energy & Utilities
July 2024
About 1,000 American Electric Power employees have taken the company’s voluntary severance offer, which it says is necessary to reduce costs. The company recorded a one-time charge of $94 million, or 18 cents per share, during the April 1-June 30 quarter to pay for the severance program.
Rex Airlines
No. of Employees to be Laid off: 600
Industry: Aviation
July 2024
Rex Airlines has entered voluntary administration after a failed bid to take on major airlines on mainline routes. Capital city routes have been grounded, but regional routes are still operating. The Transport Workers Union says administrators have told them that up to 610 jobs at the airline will be axed.
Carpetright
No. of Employees to be Laid off: 1500
Industry: Retail
July 2024
More than 1,500 Carpetright staff are to lose their jobs despite a deal by rival flooring retailer Tapi to save some of its stores.
Tapi Carpets & Floors has bought the Carpetright brand name, the company’s intellectual property, two warehouses, and 54 stores, saving 308 jobs. However, the remainder of Carpetright’s staff were not included in the deal and will be made redundant immediately or over the coming weeks.
Optum
No. of Employees to be Laid off: 524
Industry: Healthcare
July 2024
Healthcare company Optum is closing clinics in multiple states and laying off 524 employees across California. According to regulatory documents filed July 18, the UnitedHealth Group company will terminate the California employees from Sept. 16 through January 2025 at the clinic and administrative office locations.
Amdocs
No. of Employees to be Laid off: 3000
Industry: Technology
July 2024
Amdocs, a software company with around 29,000 employees globally, is planning to lay off around 3,000 employees as part of its efforts to remain competitive and streamline its operations.
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Latest Layoffs Data By Industry:
- Pharma, Life Science & Biotech Layoffs News & Data
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- Media & Entertainment Layoffs News & Data
- Retail & E-commerce Layoffs News & Data
- Technology Layoffs News & Data
- Healthcare Layoffs News & Data
- Banking & Financial Services Layoffs News & Data
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Mercury Marine
No. of Employees to be Laid off: 1700
Industry: Manufacturing
July 2024
After permanently laying off 300 employees last month, Fond du Lac-based outboard motor manufacturer Mercury Marine is temporarily laying off another 1,700 workers. The layoffs will take place one week at a time for a total of between six and eight weeks from now through the end of the year.
Warner Bros. Discovery
No. of Employees to be Laid off: 1000
Industry: Media & Entertainment
July 2024
According to reports, Warner Bros. Discovery plans to lay off under 1,000 employees. This is the latest cut for the media company since its formation more than two years ago.
Fortescue mining company
No. of Employees to be Laid off: 700
Industry: Metals & Mining
July 2024
Billionaire Andrew Forrest is scaling back his plans to turn Australian miner Fortescue Ltd. into a green hydrogen heavyweight. He is blaming high energy prices for the setback that has prompted an overhaul of the group and 700 job cuts.
Intuit
No. of Employees to be Laid off: 1800
Industry: Financial Services
July 2024
Intuit CEO Sasan Goodarzi announced in a letter that it would be laying off 1,800 employees—about 10 percent of its workforce of around 18,000. Intuit will simultaneously hire the same number of new workers as part of a restructuring effort focused on AI.
Redbox
No. of Employees to be Laid off: 1000
Industry: Media & Entertainment
July 2024
Redbox is planning to lay off more than 1,000 workers and shut down its direct-to-consumer streaming service after a federal judge approved a request to convert a bankruptcy case involving its parent company from Chapter 11 to Chapter 7.
Dyson
No. of Employees to be Laid off: 1000
Industry: Consumer Products
July 2024
Dyson plans to lay off 1,000 workers in the U.K. The home appliance maker best known for its high-end vacuum cleaners, fans, and other appliances said the cuts are due to growing competition, including from manufacturers that release copycat designs in Asia.
Stellantis
No. of Employees to be Laid off: 1600
Industry: Automobile
July 2024
Stellantis said its Warren Truck Assembly Plant near Detroit will be down to one daily production shift for at least the next month, resulting in a temporary layoff of about 1,600 workers. The plant, running on two shifts, builds the Jeep Wagoneer and Grand Wagoneer SUVs and the Ram 1500 Classic pickup.
OpenText Corp
No. of Employees to be Laid off: 1200
Industry: Technology
July 2024
OpenText Corp will cut about 1,200 jobs, around 1.7% of its workforce, as part of its new business optimization plan.
The layoffs will cost the information management company nearly C$60 million ($44.01 million).
UPS
No. of Employees to be Laid off: 540
Industry: Logistics & Supply Chain
July 2024
United Parcel Service plans to shut down its Baltimore County distribution warehouse and lay off 540 workers.
Yes Bank
No. of Employees to be Laid off: 500
Industry: Banking
June 2024
YES Bank, a private sector lender, has reportedly started a restructuring exercise resulting in the layoff of at least 500 employees, with the potential for further layoffs shortly. These recent layoffs have affected various sectors within YES Bank, including wholesale and retail operations, but the branch banking segment has mainly borne a significant impact.
ReshaMandi
No. of Employees to be Laid off: 80% of Workforce
Industry: Logistics & Supply Chain
June 2024
Bengaluru-based ReshaMandi, which specializes in silk yarn products, laid off 80% of its workforce as it failed to secure Series B funding. The company has been downsizing its operations since last year.
Natwest
No. of Employees to be Laid off: 1600
Industry: Financial Services
June 2024
NatWest Group Plc will close its operations in Poland by the end of next year as part of a revamp led by new Chief Executive Officer Paul Thwaite. This will result in the loss of about 1,600 jobs in the country.
FedEx
No. of Employees to be Laid off: 2000
Industry: Transportation
June 2024
FedEx plans to lay off up to 2,000 employees in Europe amid cost-cutting efforts. The parcel-delivery giant is continuing its cost-cutting efforts. Operations will be consolidated in countries best aligned with its needs and existing real-estate footprint.
Ford
No. of Employees to be Laid off: 1600
Industry: Automobiles
June 2024
U.S. carmaker Ford has announced plans to cut up to 1,600 jobs at its assembly plant in Valencia, Spain. This move comes after the company reduced its workforce by 1,100 employees at the same location last year.
Vodafone Spain
No. of Employees to be Laid off: 1200
Industry: Telecommunication
June 2024
Vodafone Spain plans 1,200 job cuts after acquisition by Zegona.
Zachary Holding
No. of Employees to be Laid off: 4000
Industry: Technology
June 2024
Zachry Holdings laid off over 4,000 workers after filing for bankruptcy. The San Antonio-based construction firm pursued the measure after experiencing financial issues as the lead contractor on the Golden Pass LNG export terminal project in Sabine Pass, Texas. Employees in Jefferson, Harris, and Orange counties are affected. The roles included carpenters, concrete workers, electricians, and a slew of other workers who contributed to the development.
Microsoft
No. of Employees to be Laid off: 1500
Industry: Technology
June 2024
Microsoft will lay off around 1,500 employees under its Azure cloud unit, impacting teams including Azure for Operators and Mission Engineering. Microsoft spokesperson told Reuters that the layoffs are a “regular” and “necessary” part of the business.
Hino Motors
No. of Employees to be Laid off: 1300
Industry: Automobile
June 2024
Hino Motors, a Toyota subsidiary, will shut down its largest auto parts plant in the U.S. because of concerns about a difficult path to “sustainable profitability.” The facility, which employs some 1,300 workers, is scheduled to shut down by the end of 2027.
Ola Electric
No. of Employees to be Laid off: 500
Industry: Automobile
June 2024
Ola Electric, ahead of its initial public offering (IPO), is deliberating on laying off approximately 400-500 employees in the coming weeks. The move is part of founder Bhavish Aggarwal’s strategy to streamline operating costs.
Telstra
No. of Employees to be Laid off: 2800
Industry: Telecommunication
May 2024
Telstra Group Limited plans to lay off 2,800 workers to overhaul its business operations. With this move, the company began transforming its Enterprise business. Telstra Group is an Australian telecommunications company offering diverse communication and technology services. Its mobile segment is the nation’s largest based on user base and coverage.
Guild
No. of Employees to be Laid off: 300
Industry: Education
May 2024
Denver-based Guild, an online worker training platform, laid off a quarter of its employees. When asked, the company didn’t specify the number of workers being laid off. However, based on an estimated headcount of 1,200 employees, about 300 people would have lost their jobs. The latest round of layoffs comes a year after the company released 172 workers or about 12% of its workforce.
Indeed
No. of Employees to be Laid off: 1000
Industry: Technology
May 2024
Indeed’s CEO, Chris Hyams, announced that the job search site with major Stamford offices will lay off 1,000 employees—8 percent of its workforce—on May 13. “Unlike last year, when our reduction was driven by cost savings, we are taking this action because we need to simplify our organization to make it easier and faster for us to make decisions and help us grow revenue and hires more effectively,” Hyams said in a letter to employees.
Motional
No. of Employees to be Laid off: 550
Industry: Auto Technology
May 2024
Autonomous vehicle company Motional recently announced that it was laying off approximately 550 employees, around 40% of its workforce. The layoffs, which include several divisions and senior managers, highlight how extensive the company’s restructuring initiatives have been.
Citi Group
No. of Employees to be Laid off: 4500
Industry: Banking
May 2024
Citigroup has announced plans to cut 4,500 jobs worldwide in an effort to reduce costs. According to its chief executive, Vikram Pandit, the group has set aside $400m (£250m) to pay for the cuts.
Vacasa
No. of Employees to be Laid off: 800
Industry: Tourism
May 2024
Embattled vacation rental management company Vacasa will lay off 13% of its workforce—about 800 people—as it seeks to reorganize operations.
TSB Banking Group
No. of Employees to be Laid off: 250
Industry: Banking
May 2024
High Street Bank TSB has announced 250 job losses and the closure of 36 branches. The job cuts will affect the bank’s fraud operations department, central operations, and staff who work at the branches earmarked for closure.
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