Layoffs 2026: Amazon, Meta, UPS and Dozens More Cut Jobs
UPS leads 2026's layoff wave with 30,000 job cuts as Amazon, Visa, Barclays and dozens more trim staff — with AI cited as a driver at Coinbase, Cloudflare, Wix and Standard Chartered.
Topic
Corporate Restructuring
Topic
Corporate Restructuring
PepsiCo Cuts 1,000 North American Jobs as Growth Slows
PepsiCo will cut about 1,000 North American jobs as regional sales lag, its full-year core EPS growth forecast falls and investor…
Children's Place Files Chapter 11 With $881M in Debts
The Children's Place filed Chapter 11 on Sunday with $742M in assets and $881M in debts, seeking buyer bids by Dec. 9 and a deal…
David Jones enters administration after $10 million lender lifeline
David Jones entered voluntary administration after Hilco extended a $10 million lifeline. Receivers are keeping 38 stores trading…
Canva Cuts 1,271 Jobs as Growth Slows and AI Costs Climb
Canva is laying off 1,271 people, 22% of staff, after cutting its revenue growth forecast from 30% to 20% amid ballooning AI cost…
Primark Profits Slip 11% Ahead of ABF Demerger Deadline
Primark's operating profit fell 11% to just over £1bn as continental like-for-like sales dropped 4.7%, ten months before ABF spli…
Virgin Media O2 Prepares Thousands of Redundancies Under £27.2bn Debt Load
Virgin Media O2 is set to cut thousands of its 16,000 jobs under a £27.2bn debt load, halt all its own fibre investment, and sign…
Telstra's $2.5 Billion Cost Cut Did What 'Digital' Never Could
Telstra hit $2.5B in fixed-cost cuts by FY2022, sold 49% of 8,000+ towers for $2.8B, and trimmed 1,800 plans to 20 — the unglamor…
Block Cut 40% of Staff, Boosted Code Reviews 150% With AI
Block cut 40% of its workforce, lifted code review output 150%, and automated 15% of code changes—leaders from four companies exp…
Netflix Cuts 1,000 Jobs and Retests Its Founding Idea
Netflix is cutting about 1,000 jobs, 6% of its workforce, 25 years after the 2001 layoffs that produced its founding 'talent dens…
Netflix Cuts 1,000 Jobs, Steepest Reductions Since 2022
Netflix will cut 1,000 jobs, about 6% of its workforce, in its steepest round of layoffs since 2022, hitting HR, legal, product a…