financetom
Business
financetom
/
Business
/
Factbox-Corporate America continues job cuts in 2026 in efficiency push
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Factbox-Corporate America continues job cuts in 2026 in efficiency push
Mar 16, 2026 4:20 AM

March 16 (Reuters) - The start of the year has seen massive layoffs across U.S. companies as they streamline operations amid rising adoption of artificial intelligence tools.

Meta Platforms ( META ) is planning significant layoffs that could affect 20% or more of the company, Reuters reported exclusively last week, citing three sources familiar with the matter, as the social media giant seeks to offset the massive spending required to compete in generative AI.

Tech giant Amazon ( AMZN ) said late in January that it was cutting 16,000 roles worldwide in the second major round of job cuts at the company in three months.

Here are some of the U.S. companies that have announced job cuts so far in 2026:

Sect Date of Company Job Cuts % of Total Notes

or Announc Workforce

ement

Technology

  January Pintere Less than Reallocating

  st  780 Less than resources to

15% artificial

intelligence-

focused roles

and strategy

  January Autodes Roughly 7% Aiming to

  k  About 1,000 redirect

spending to

the cloud

platform and

artificial

intelligence

efforts

  January * Meta  Unknown Shifting

10% of focus to

employees wearables

in the from some

Reality virtual

Labs reality

division products

  January Amazon  Target of

Roughly 30,000 jobs Part of the

16,000 represents  broader goal

nearly 10% of trimming

of the some 30,000

corporate corporate

workforce workers

  January Angi  Roughly Unknown AI-driven

  350  efficiency

improvements

  Februar Washing Unknown Shrinking

y ton A third news coverage

Post

  Februar Workday Unknown About 2% Realigning

y   resources

towards top

priorities

  Februar C3.ai  About 307 26%

y Restructuring

under the new

CEO to

improve

operating

efficiency 

  March Atlassi Roughly 10% CEO says

an 1,600 company's

actions

reflect

efforts to

self-fund

further

investment in

AI and

enterprise

sales

  To offset

Expected to 20% or more costly

March Meta affect artificial

Platfor roughly infrastructur

ms  15,800 or e bets and

more, prepare for

according greater

to Reuters efficiency

calculation brought on by

s AI-assisted

workers,

Reuters

reported

exclusively

Consumer and Retail

  January Home Unknown Part of its

Depot  800  goal to

improve

efficiency 

  January ** Unknown Consolidating

  Nike  775 operations

footprint 

Resources

  January Dow  13% Restructuring

  4,500 aimed at

lifting

profitability

by at least

$2 billion

  January Tronox  550 in Unknown Fuzhou

  China pigment plant

closure due

to weak

Chinese

domestic

demand and

increasing

costs

Manufacturing

  January FedEx  Unknown Overhauling

  Up to France

500 in operations

France and trimming

station

footprint

  January United Unknown Reducing

Parcel Up to low-margin

Service ​30,000 Amazon ( AMZN )

  delivery

volumes

  January Peloton Unknown Cost cuts

Interac 11% amid

tive  turnaround

efforts

Finance

  January *** Unknown

  Citigro About 1,000 Part of

up  previously

announced

plan to shed

20,000 jobs

by 2026 

  January Masterc Unknown Refocusing

  ard  About 4% investments

in other

areas

  Februar Gemini About 25% Winding down

y Space Up to 200 some

Station international

  operations to

support path

to

profitability

  Februar Block Nearly CEO Jack

y Over 4,000 half  Dorsey said

AI is

allowing the

company to

build and run

the business

with fewer

people

  March **** 3% Cuts affect

Morgan About 2,500 all three

Stanley divisions at

the bank and

are based on

individual

performance

and broader

strategy

* Meta plans to cut around 10% of the employees in its Reality Labs division who work on products including the metaverse, according to a New York Times report 

** Nike ( NKE ) is laying off 775 employees, primarily impacting distribution center roles in Tennessee and Mississippi, a source familiar with the matter told Reuters 

*** Citigroup ( C ) will cut about 1,000 jobs as part of a plan announced two years ago to reduce the workforce by 20,000, a source familiar with the matter told Reuters 

**** Morgan Stanley ( MS ) has cut about 3% of its workforce, or roughly 2,500 employees, across all divisions, a person familiar with the matter told Reuters

(Editing by Sahal Muhammed)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Premium Income Announces Consistent Monthly Distributions
Premium Income Announces Consistent Monthly Distributions
Jul 3, 2025
04:35 PM EDT, 07/03/2025 (MT Newswires) -- Premium Income (PIC-A.TO) after close of trade Thursday declared monthly distributions payable on July 31 to shareholders of record on July 15. According to a company statement, the distribution for Class A Shares is $0.08000, and $0.10625 for Preferred Shares, consistent with the previous month's distributions. ...
GoDaddy Insider Sold Shares Worth $1,061,569, According to a Recent SEC Filing
GoDaddy Insider Sold Shares Worth $1,061,569, According to a Recent SEC Filing
Jul 3, 2025
04:34 PM EDT, 07/03/2025 (MT Newswires) -- Amanpal Singh Bhutani, Director, Chief Executive Officer, on July 02, 2025, sold 6,000 shares in GoDaddy ( GDDY ) for $1,061,569. Following the Form 4 filing with the SEC, Bhutani has control over a total of 425,015 Class A common shares of the company, with 425,015 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1609711/000160971125000138/xslF345X05/wk-form4_1751574104.xml ...
Palantir Technologies Insider Sold Shares Worth $1,337,545, According to a Recent SEC Filing
Palantir Technologies Insider Sold Shares Worth $1,337,545, According to a Recent SEC Filing
Jul 3, 2025
04:33 PM EDT, 07/03/2025 (MT Newswires) -- Eric H. Woersching, Director, on July 01, 2025, sold 10,214 shares in Palantir Technologies ( PLTR ) for $1,337,545. Following the Form 4 filing with the SEC, Woersching has control over a total of 2,348 Class A common shares of the company, with 2,348 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1321655/000132165525000096/xslF345X05/wk-form4_1751574209.xml ...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved