layoffs

Reuters tally shows AI layoffs spreading from tech to banks

AI-linked job cuts are no longer confined to Silicon Valley. A Reuters factbox published Oct. 6 lists layoffs tied to artificial intelligence that have been announced since October 2025, at companies ranging from Microsoft to the credit-scoring agency FICO Fair…

Apple CEO Ternus plans job, project cuts, Bloomberg says

Apple CEO John Ternus is planning layoffs and project cancellations as he reshapes the company, Bloomberg reported. The cuts are expected to hit specific teams inside larger divisions rather than the whole workforce. Apple has not confirmed the plans or…

Nike unveils restructuring plan with more job cuts in 2027

Nike on Thursday announced Pace, a plan to overhaul how the company operates. It includes modernizing the global supply chain, opening a new campus in Bengaluru, India, cutting from four sales geographies to three and reducing the size of the…

Oracle cuts over 2,500 in second layoff wave of 2026

Oracle has carried out a second major round of layoffs this year, with more than 2,500 workers affected globally as the company funnels tens of billions of dollars into artificial intelligence infrastructure while tightening costs elsewhere.

VW China chief warns of 20% passenger car market decline

Volkswagen's top executive in China warned on Tuesday that the country's passenger car market is expected to shrink by about 20% in 2026, comparing the downturn to the devastation wrought by the COVID-19 pandemic.

Oracle adds $700M to layoff plan as AI spending strains finances

Oracle disclosed Friday that it has increased the scope of its planned workforce reductions, adding $700 million to its "2026 Restructuring Plan" and bringing the total estimated costs to approximately $2.8 billion, according to a regulatory filing reported by Bloomberg.…

2026 tech layoffs surpass all of 2025 with 128,000 jobs cut

The global technology industry has shed more jobs in the first nine months of 2026 than in all of 2025, as companies from Oracle to Amazon Amazon.com, Inc. restructure workforces to fund a sweeping pivot toward artificial intelligence infrastructure.

Omnicom to cut 15,000 jobs amid IPG merger and PepsiCo loss

Omnicom is on track to reduce its global workforce to approximately 105,000 employees by the end of 2026, a reduction of about 15,000 from the roughly 120,000 it employed at the end of 2025, as the advertising holding company accelerates…

Volkswagen’s restructuring to cost €16 billion, source says

Volkswagen estimates the total cost of job cuts and potential plant closures under its sweeping restructuring plan at around €16 billion ($18.6 billion), according to a person familiar with the matter, as first reported by German magazine Der Spiegel and…

Tech layoffs surge as AI restructuring hits 129,000 jobs in 2026

More than 6,300 technology jobs have been eliminated globally in the first week of September 2026, as major companies accelerate restructuring efforts driven by cost discipline, AI investment and a push for leaner operations.

Meta retreats from plan to replace workers with AI

Meta Platforms ambitious drive to remake its workforce around artificial intelligence has stumbled, with internal resistance, unreliable AI agents, and a sharp rise in site reliability emergencies forcing the company to pull back on several fronts.

VW board approves plan to cut 100,000 jobs, halve model lineup

Volkswagen's supervisory board on Thursday unanimously approved the most sweeping restructuring in the automaker's history, a plan that will eliminate approximately 100,000 jobs, halt auto production at four German factories, and kill roughly half its global model lineup by 2035.

PayPal begins cutting 20% of global workforce

PayPal has begun laying off dozens of employees at its Israel development center as part of a sweeping global restructuring that will eliminate roughly 4,760 jobs — about 20% of the company's workforce — over two to three years.

Uber cuts 3,300 jobs to flatten management structure

Uber Technologies is laying off approximately 3,300 employees, or roughly 10% of its global workforce, in what amounts to the ride-hailing giant's largest round of job cuts since May 2020. The restructuring, first reported by Bloomberg News on Wednesday, is…

UK survey: 1 in 3 employers cut entry-level jobs as AI reshapes hiring

Artificial intelligence is leaving a measurable imprint on U.S. employment data, with the technology and financial services sectors shedding an average of 28,000 jobs per month in 2026 even as the broader economy continues to add positions, according to a…

Reuters reveals Meta scrapped major AI layoff plan amid internal turmoil

Meta abandoned plans for a second round of sweeping layoffs after its ambitious initiative to reorganize the company around artificial intelligence ran into employee resistance and failed to deliver promised productivity gains, according to a Reuters investigation published on Tuesday.

Apple cuts 200 jobs across Vision Pro, Siri, gaming teams

Apple has confirmed it is cutting around 200 jobs across its Vision Pro, Siri, and gaming divisions, a rare round of mass layoffs for a company that has historically avoided the sweeping job cuts now common across the tech sector.

Apple cuts over 200 Siri and Vision Pro jobs in AI pivot

Apple is eliminating more than 200 positions across its Siri, Vision Pro, and AI software teams as the company redirects resources toward a rebuilt AI-powered assistant and future hardware including smart glasses, according to Bloomberg reporting published Friday.

VW CEO calls situation ‘more than critical’ as 50,000 jobs face the ax

Volkswagen CEO Oliver Blume warned on Friday that Europe's largest automaker faces a "more than critical" situation, signaling that sweeping job cuts and structural overhauls are needed as the company confronts intensifying competition and declining profitability.

Apple lays off staff across Siri, Vision Pro, and gaming teams

Apple is laying off employees across several product teams, including those responsible for the Siri digital assistant, the Vision Pro headset's immersive video content, and gaming, according to a report by Bloomberg on Friday. The cuts also extend to the…

Apple lays off VR staff as incoming CEO shifts focus to AI

Apple has laid off an unspecified number of employees from its Vision Products Group, according to AppleInsider, which reported Thursday that a credible insider confirmed the cuts. The layoffs coincide with reports that incoming CEO John Ternus is putting the…

Nokia to close almost all China sites by year end

Nokia plans to cut most of its workforce in mainland China and close sites in stages by the end of 2026, marking a sweeping retreat from a market where the Finnish telecom equipment maker operated for more than four decades,…

Study finds AI-driven layoffs destroy the productivity gains they aim to create

Companies that cut workers in the name of artificial intelligence are caught in a deepening paradox: their productivity gains have failed to materialize, and the talent they let go is proving far harder to bring back. New research published Wednesday…

Nearly a third of CEOs target job cuts through AI, but mass displacement remains elusive

Nearly one-third of CEOs now identify headcount reduction as a key objective of deploying artificial intelligence, according to a Businessolver report published Tuesday that surveyed more than 300 C-suite executives. Yet new research suggests the feared mass displacement of workers…

Tech sector cuts top 163,000 jobs in 2026, with AI cited in over half

Global technology companies have announced more than 163,000 layoffs since the start of 2026, with artificial intelligence cited as a driving factor in over 91,000 of those job cuts, according to a new report from TradingPlatforms, a financial research firm.

EA faces mass layoffs after closing $55B buyout deal

Electronic Arts officially went private on August 4, ending a 36-year run on the Nasdaq and immediately confronting the financial reality of its record-breaking leveraged buyout. The deal, led by Saudi Arabia's Public Investment Fund, Silver Lake, and Affinity Partners…

Visa cuts 2,600 jobs globally as AI push reaches senior ranks

Visa is eliminating approximately 2,600 positions, or 7% of its global workforce, in a sweeping restructuring that has reached the company's most senior technical and executive ranks as the payments giant accelerates its pivot toward artificial intelligence.

BMW Q2 pretax profit drops 35% amid China slump and tariff drag

BMW Bayerische Motoren Werke AG reported a sharp decline in second-quarter pretax earnings on Thursday, with profit falling more than a third as the German premium carmaker grapples with collapsing demand in China, tariff headwinds, and foreign exchange pressures that…

Tech layoffs top 205,000 in 2026 as AI cited in over half of cuts

The world's largest technology companies have eliminated more than 76,000 jobs in the first seven months of 2026, according to a report by Nairametrics, as firms accelerate restructuring efforts tied to artificial intelligence adoption, cost optimization, and shifting business priorities.

Visa to cut 2,600 jobs in broad restructuring

Visa is eliminating approximately 2,600 jobs, representing about 7% of its workforce, as CEO Ryan McInerney moves to streamline the payments giant amid intensifying competition and a shifting industry landscape.