Layoff News — 2026 Snapshot

The latest headlines on layoffs across technology, finance, and other industries. Updated June 2026 from major news sources.

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May 13, 2026 · HRD America · Technology

LinkedIn Cuts ~875 Jobs (5%) Despite Record Revenue

Microsoft-owned LinkedIn cut about 5% of its workforce — roughly 875 of its 17,500-plus employees — across its Global Business Organization, marketing, engineering, and product teams. The reorganization was new CEO Dan Shapero's first major move and came despite the unit crossing $5 billion in quarterly revenue. Sources told Reuters AI automation was not the driver of the decision.

875 affectedView LinkedIn layoff history →

microsoftreorgnew CEOprofitable layoffs

May 11, 2026 · CNBC · Manufacturing

GM Cuts 500–600 IT Jobs in AI-Focused Restructuring

General Motors began notifying 500 to 600 salaried information-technology employees on May 11 that their roles were being eliminated, with cuts concentrated in Austin, Texas and Warren, Michigan. The automaker framed the reductions as reshaping its tech workforce around AI and other future-forward skills — even as it kept roughly 80 IT positions open, including AI, motorsports, and autonomous-vehicle roles.

600 affectedView General Motors layoff history →

automotiveITAI restructuringwhite-collar

May 5, 2026 · CBS News · Finance

PayPal to Cut 4,760 Jobs in Multi-Year Reorganization

PayPal announced plans to eliminate 4,760 jobs — about 20% of its workforce — phased over the next two to three years as CEO Alex Chriss reorganizes the payments company. The company targeted at least $1.5 billion in savings from the restructuring. The cuts rank among the largest fintech reductions of 2026.

4,760 affectedView PayPal layoff history →

fintechpaymentsreorganizationcost-cutting

May 5, 2026 · Yahoo Finance · Finance

Coinbase to Lay Off About 700 as It Restructures for the 'AI Era'

Coinbase said it would lay off about 700 employees — roughly 14% of its workforce — as CEO Brian Armstrong restructured the crypto exchange for what he called the 'AI era,' flattening the organization. The company explicitly cited AI as part of its rationale and expected a charge of about $50 million to $60 million. The cuts reflect a broader trend of crypto and fintech firms reorganizing around AI efficiency.

700 affectedView Coinbase layoff history →

cryptoAI eraAI layoffsrestructuring

May 2, 2026 · NPR · Transportation

Spirit Airlines Ceases Operations, Putting ~14,000 Out of Work

Spirit Airlines began an orderly wind-down of operations on May 2 after a sought-after $500 million federal bailout failed to materialize, putting roughly 14,000 employees out of work — about 17,000 including contractors. The budget carrier had filed for a second Chapter 11 bankruptcy in 2025, and a 2026 jet-fuel price spike tied to the Iran conflict pushed it past the brink. It was the single largest U.S. workforce loss of the month.

14,000 affectedView Spirit Airlines layoff history →

airlinesbankruptcyshutdownaviation

May 1, 2026 · CNBC · Retail

Estée Lauder Plans to Cut Up to 10,000 Jobs in Profit Recovery Push

Estée Lauder said it would cut between roughly 9,000 and 10,000 jobs — around 17.5% of its workforce — as part of an expanded Profit Recovery and Growth Plan. The reductions include point-of-sale demonstration roles and are expected to drive charges of about $1.5 billion to $1.7 billion. The beauty company simultaneously lifted its annual profit forecast as it reshapes its cost base.

10,000 affectedView Estée Lauder layoff history →

beautyprofit recoveryrestructuringcost-cutting

April 23, 2026 · TechCrunch · Technology

Meta to Cut 8,000 Jobs, About 10% of Its Workforce

Meta announced it would cut about 8,000 jobs — roughly 10% of its workforce — with reductions beginning to take effect in late May. The company framed the cuts as an efficiency move to help offset an estimated $125 billion to $145 billion in planned AI capital expenditure. It was Meta's largest single layoff announcement of the year, on top of earlier Reality Labs reductions.

8,000 affectedView Meta layoff history →

efficiencyAI capexsocial media10 percent

April 23, 2026 · CNBC · Technology

Microsoft Launches First Voluntary Buyout for U.S. Employees

Microsoft introduced its first voluntary retirement and buyout program for U.S. employees, with eligibility extending to up to about 7% of its U.S. staff — an estimated 8,750 workers. Unlike a forced layoff, the program lets eligible employees opt to leave with a severance package as the company pursues efficiency amid heavy AI investment. The buyout followed a hiring freeze instituted earlier in the spring.

View Microsoft layoff history →

voluntary buyoutnot a layoffAI investmenthiring freeze

April 23, 2026 · Fox Business · Retail

Nike Cuts Roughly 1,400 Jobs in Global Operations

Nike announced about 1,400 layoffs — roughly 2% of its corporate workforce — across its global operations team as part of its 'Win Now' turnaround strategy. The cuts included roles in its technology division as the company sought to streamline operations. The reductions continued a multi-year effort to reset Nike's cost base under new leadership.

1,400 affectedView Nike layoff history →

apparelturnaroundoperationscorporate

April 23, 2026 · CNBC · Technology

Microsoft Offers First-Ever Voluntary Buyouts to ~8,750 US Staff

Microsoft announced its first-ever voluntary retirement program, offering buyouts to roughly 8,750 U.S. employees — about 7% of its domestic workforce — under a 'Rule of 70' formula (age plus years of service totaling at least 70, senior director and below). Package details went out May 7 with a 30-day decision window. Because the program is voluntary, it sits apart from the involuntary layoffs dominating 2026 — but it lands mid-way through Microsoft's most aggressive-ever AI capital-spending cycle.

8,750 affectedView Microsoft layoff history →

voluntary buyoutrule of 70early retirementAI capex

April 20, 2026 · CBS News · Manufacturing

Dow to Cut About 4,500 Jobs Amid Petrochemical Downturn

Chemical maker Dow announced plans to cut about 4,500 jobs — roughly 13% of its workforce — as part of a roughly $2 billion cost-reduction program amid a prolonged petrochemical downturn. The company also pointed to AI-driven automation as part of its efficiency push. The reductions rank among the largest in the industrials sector during 2026.

4,500 affectedView Dow layoff history →

chemicalspetrochemical downturncost-cuttingautomation

April 17, 2026 · Chattanooga Times Free Press · Technology

T-Mobile Files WARN Layoffs Across Four States

T-Mobile filed a series of WARN notices cutting at least about 600 roles across Washington (393), Tennessee (200 at a Chattanooga call center), Texas, and Colorado, as new CEO Srini Gopalan pushed a more digital, AI-forward operating model. The carrier flagged roughly $1.2 billion in 2026 network-optimization and restructuring outlays, extending its post-Sprint-merger workforce reshaping.

600 affectedView T-Mobile layoff history →

telecomWARNcall-centerautomation

April 15, 2026 · Fortune · Technology

Snap to Cut About 1,000 Jobs, Roughly 16% of Its Workforce

Snap said it would cut about 1,000 jobs — roughly 16% of its global workforce — as it pushed for profitability and leaned on AI to do more with fewer people. The company expected the reductions to generate around $500 million in savings. The move marked another deep cut for the social-media firm as it reshapes its cost structure.

1,000 affectedView Snap layoff history →

social mediaprofitabilityAI efficiencycost-cutting

April 15, 2026 · Bloomberg · Finance

Wells Fargo Leads Wall Street Bank Cuts With 4,000-Plus Jobs

Wells Fargo cut more than 4,000 jobs as it streamlined operations and invested in technology, leading a wave of Wall Street bank reductions in the first quarter. The cuts came even as major banks notched record profits, highlighting a drive toward efficiency rather than distress. Wells Fargo was the largest contributor to roughly 5,000 jobs trimmed across the big banks.

4,000 affectedView Wells Fargo layoff history →

bankingWall Streetefficiencytechnology investment

March 31, 2026 · CNBC · Technology

Oracle Reportedly Cutting Thousands to Free Cash for AI Data Centers

Oracle was reported to be cutting thousands of jobs — with some analyst estimates ranging as high as roughly 30,000 — to free up cash for a massive build-out of AI data centers tied to the Stargate project. The company has not confirmed a precise figure, and the larger numbers reflect external estimates rather than official disclosure. The reductions illustrate how hyperscale AI infrastructure spending is reshaping enterprise software workforces.

View Oracle layoff history →

enterprise softwarecloudAI data centersStargate