Adds Mastercard
Jan 30 (Reuters) - The start of the year has seen massive layoffs across U.S. companies as they streamline operations to boost efficiency amid rising adoption of artificial intelligence tools.
Tech giant Amazon AMZN.O said on Wednesday 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:
Sector | Date of Announcement | Company | Job Cuts | % of Total Workforce | Notes |
Technology | |||||
January | Pinterest PINS.N | Less than 780 | Less than 15% | Reallocating resources to artificial intelligence-focused roles and strategy | |
January | Autodesk ADSK.O | About 1,000 | Roughly 7% | Aiming to redirect spending to cloud platform and artificial intelligence efforts | |
January | * Meta META.O | 10% of employees in Reality Labs division | Unknown | Shifting focus to wearables from some virtual reality products | |
January | Amazon AMZN.O | Roughly 16,000 | Target of 30,000 jobs represents nearly 10% of corporate workforce | Part of broader goal of trimming some 30,000 corporate workers | |
January | Angi ANGI.O | Roughly 350 | Unknown | AI-driven efficiency improvements | |
Consumer and Retail | |||||
January | Home Depot HD.N | 800 | Unknown | Part of its goal to improve efficiency | |
January | ** Nike NKE.N | 775 | Unknown | Consolidating operations footprint | |
Resources | |||||
January | Dow DOW.N | 4,500 | 13% | Restructuring aimed at lifting profitability by at least $2 billion | |
January | Tronox TROX.N | 550 in China | Unknown | Fuzhou pigment plant closure due to weak Chinese domestic demand and increasing costs | |
Manufacturing | |||||
January | FedEx FDX.N | Up to 500 in France | Unknown | Overhauling France operations and trimming station footprint | |
January | United Parcel Service UPS.N | Up to 30,000 | Unknown | Reducing low-margin Amazon delivery volumes | |
Finance | |||||
January | *** Citigroup C.N | About 1,000 | Unknown | Part of previously announced plan to shed 20,000 jobs by 2026 | |
January | Mastercard MA.N | Unknown | About 4% | Refocusing investments in other areas | |
* 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 is laying off 775 employees, primarily impacting distribution center roles in Tennessee and Mississippi, a source familiar with the matter told Reuters
*** Citigroup 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
(Reporting by Arasu Kannagi Basil in Bengaluru, additional reporting by Angela Christy M; Editing by Sahal Muhammed)
((ArasuKannagi.Basil@thomsonreuters.com;))