Layoff News

The latest headlines on layoffs across technology, finance, and other industries. Updated regularly from major news sources.

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March 28, 2026 · CNBC · Retail

Target Lays Off 1,800 in Corporate and Technology Divisions

Target eliminated 1,800 corporate and technology positions as the big-box retailer implemented AI-powered systems for supply chain optimization, pricing, and merchandising. The cuts reflect Target's accelerated push to automate decision-making that was previously handled by human analysts and planners. CEO Brian Cornell said the company expects to save $800 million annually from the operational transformation.

1,800 affectedView Target layoff history →

retailsupply chain AIcorporate restructuringautomation

March 20, 2026 · Reuters · Transportation

Uber Eliminates 2,000 Positions as Autonomous Vehicles Scale

Uber cut 2,000 positions — about 6% of its corporate workforce — as autonomous vehicle deployments in major markets reduced the need for driver operations, support, and logistics staff. The company now operates autonomous ride services with Waymo in 12 U.S. cities and with Pony.ai in parts of China. Uber said it expects AV rides to account for 15% of total trip volume by the end of 2026.

2,000 affectedView Uber layoff history →

autonomous vehiclesWaymo partnershipoperationsride-hailing

March 11, 2026 · CNBC · E-commerce

Shopify Cuts 8% of Staff After CEO Mandates 'AI-First' Hiring Policy

Shopify laid off about 900 employees — 8% of its workforce — after CEO Tobi Lutke issued a company-wide memo requiring teams to prove that AI cannot perform a job before requesting human headcount. The cuts hit customer support, content moderation, and junior engineering roles hardest. Lutke's memo, which leaked publicly, has sparked industry debate about the ethics and practicality of AI-first employment policies.

900 affectedView Shopify layoff history →

AI-first policycustomer supporte-commerceworkforce philosophy

March 4, 2026 · Reuters · Finance

Experian Cuts 800 as AI Credit Scoring Reduces Analyst Headcount

Credit reporting giant Experian eliminated 800 positions — about 4% of its workforce — as AI-powered credit scoring and risk assessment models reduced the need for manual analyst roles. The cuts primarily affected data processing, underwriting support, and regional operations teams. Experian said its AI models now handle 85% of routine credit decisions that previously required human review.

800 affectedView Experian layoff history →

credit scoringAI automationdata processingfintech

February 25, 2026 · Reuters · Technology

IBM Eliminates 5,000 Back-Office Roles, Replaced by AI Automation

IBM cut 5,000 positions — roughly 2% of its total workforce — as the company replaced back-office functions including HR, procurement, and finance with its own WatsonX AI platform. CEO Arvind Krishna had previously said IBM expected to replace 7,800 jobs with AI over five years; the company is ahead of schedule. IBM simultaneously increased hiring for AI consulting and hybrid cloud engineers.

5,000 affectedView IBM layoff history →

WatsonXAI replacementback-officeautomation

February 18, 2026 · The Wall Street Journal · Finance

Stripe Cuts 6% of Workforce as AI Automates Compliance Functions

Stripe laid off about 600 employees — 6% of its workforce — as the payments giant automated more of its underwriting, fraud detection, and regulatory compliance operations with AI. The cuts came despite Stripe processing record payment volumes, underscoring how AI efficiency gains are reducing headcount even at growing companies. Stripe said it remains committed to hiring in engineering and product roles.

600 affectedView Stripe layoff history →

fintechpaymentsAI compliancefraud detection

February 10, 2026 · The New York Times · Media

Paramount Slashes 1,500 in Post-Skydance Merger Integration

Paramount cut another 1,500 employees as the post-Skydance merger integration eliminated redundant studios, marketing, and distribution divisions. The combined entity is consolidating Paramount+, Pluto TV, and Skydance's production pipeline into a single content operation. Industry analysts estimate the merged company has shed nearly 5,000 roles in total since merger discussions began in 2024.

1,500 affectedView Paramount layoff history →

merger integrationSkydancestreamingcontent consolidation

February 5, 2026 · Bloomberg · Finance

Deloitte Cuts 3,000 Consulting and Audit Staff as AI Transforms Advisory

Deloitte laid off 3,000 employees across its consulting and audit practices as AI-powered tools automated an increasing share of traditional advisory, compliance, and auditing work. The cuts affected all four major practice areas but were heaviest in tax and audit where AI copilots now handle routine analysis. Deloitte said it will retrain some affected staff for AI implementation consulting roles.

3,000 affectedView Deloitte layoff history →

consultingauditAI automationBig Four

January 28, 2026 · Reuters · Technology

Tesla Cuts 5,000 Manufacturing Roles in Robotaxi Pivot

Tesla eliminated 5,000 positions in its traditional manufacturing divisions as the company shifted resources toward its Robotaxi fleet and humanoid robot programs. The cuts primarily affected Fremont factory workers and service center staff as Tesla ramped up automated production lines. CEO Elon Musk said the Robotaxi service would generate more revenue per vehicle than traditional sales by 2027.

5,000 affectedView Tesla layoff history →

RobotaximanufacturingautomationOptimus

January 22, 2026 · CNBC · Technology

Amazon Eliminates 3,000 Roles Across AWS and Retail Tech

Amazon cut 3,000 positions across AWS and its retail technology division as AI automation replaced manual processes in warehousing, customer service, and cloud infrastructure management. The company said AI agents now handle 60% of routine AWS support tickets that previously required human intervention. Amazon emphasized it continues to hire in AI research, robotics, and healthcare.

3,000 affectedView Amazon layoff history →

AWSAI automationretail techrobotics

January 14, 2026 · Reuters · Technology

Google Cuts 2,500 as Gemini AI Reshapes Search and Ads Teams

Google eliminated 2,500 positions across its search, advertising, and cloud divisions as the company restructured teams around its Gemini AI platform. The layoffs affected traditional search quality raters, ad sales specialists, and some cloud engineering roles that were replaced by AI-powered systems. CEO Sundar Pichai described the changes as part of Google's transition to an 'AI-native' company.

2,500 affectedView Google layoff history →

GeminiAI-nativesearchadvertising

December 3, 2025 · The Verge · Technology

Snap Cuts 8% of Workforce in Third Annual Restructuring

Snap laid off roughly 400 employees — 8% of its workforce — in its third consecutive year of significant job cuts. The reductions targeted content moderation, sales operations, and some engineering teams as Snap focused resources on AR advertising products and Snapchat+ subscriptions. Despite cuts, Snap's daily active users continued to grow, exceeding 430 million globally.

400 affectedView Snap layoff history →

social mediaAR advertisingsubscriptionsrepeated cuts

November 18, 2025 · Reuters · Technology

3M Eliminates 4,800 Jobs After Healthcare Spinoff

3M cut 4,800 positions — about 5% of its post-spinoff workforce — following the completion of its Solventum healthcare division separation. The industrial conglomerate said the reductions target overlapping corporate functions, legacy manufacturing, and administrative roles. 3M is pivoting its remaining business toward high-margin industrial safety and electronics materials.

4,800 affectedView 3M layoff history →

industrialspinoffrestructuringmanufacturing

November 5, 2025 · The Wall Street Journal · Retail

Nike Cuts 2,200 as New CEO Overhauls Go-to-Market Strategy

Nike laid off 2,200 employees as new CEO Elliott Hill restructured the sportswear giant's go-to-market approach, reversing predecessor John Donahoe's digital-first strategy. The cuts hit Nike Direct, marketing, and global operations teams as the company renewed emphasis on wholesale partnerships and brand storytelling. Nike's revenue had declined for three consecutive quarters before the reorganization.

2,200 affectedView Nike layoff history →

retailapparelstrategy overhaulnew leadership

October 20, 2025 · Bloomberg · Finance

Charles Schwab Cuts 2,000 Following TD Ameritrade Integration

Charles Schwab eliminated 2,000 positions following the completion of its integration with TD Ameritrade. The cuts removed redundant technology, compliance, and customer service roles that overlapped between the two brokerage platforms. Schwab said it expects the combined entity to achieve $2 billion in annual cost synergies by mid-2026.

2,000 affectedView Charles Schwab layoff history →

financemerger integrationbrokerageTD Ameritrade