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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October 1, 2024 · Healthcare Dive · Healthcare

CVS Health Cuts 2,900 Corporate Roles Amid Cost-Cutting Drive

CVS Health eliminated about 2,900 positions — roughly 1% of its 300,000-person workforce — as part of a $2 billion cost-cutting program, with no frontline store or pharmacy workers affected. CEO Karen Lynch cited 'continued disruption, regulatory pressures, and evolving consumer needs' amid pressure on its Aetna insurance unit and declining pharmacy reimbursement. The cuts hit primarily corporate roles.

2,900 affectedView CVS Health layoff history →

healthcarepharmacycost reductioncorporate

August 8, 2024 · Variety · Media

Paramount to Cut 15% of U.S. Workforce Ahead of Skydance Merger

Paramount Global said it would cut 15% of its U.S.-based workforce — about 2,000 people — as the media conglomerate prepared for its merger with Skydance Media. The reductions, disclosed alongside Q2 earnings, primarily targeted marketing, communications, and corporate functions. At the time the company was run by an 'Office of the CEO' trio after Bob Bakish's earlier departure, and executives said the cuts were needed to streamline operations before the transaction closed.

2,000 affectedView Paramount layoff history →

mediamergerentertainmentrestructuring

August 1, 2024 · Entrepreneur · Technology

Intel Announces Massive 15,000 Job Cuts in Largest Restructuring in Decades

Intel CEO Pat Gelsinger announced the company would eliminate more than 15,000 jobs — roughly 15% of its global workforce — as part of a sweeping cost-reduction plan. The chipmaker has struggled to compete with Nvidia and AMD in AI chips while its foundry business burns cash. Intel expects to save $10 billion annually by 2025 through the cuts and operational changes.

15,000 affectedView Intel layoff history →

semiconductorsrestructuringAI competitioncost-cutting

July 10, 2024 · Fortune · Technology

Intuit Cuts 1,800 Workers While Ramping Up AI Hiring

Intuit laid off about 1,800 employees — 10% of its workforce — in what the company described as an AI-driven workforce transformation rather than a cost-cutting measure. CEO Sasan Goodarzi said Intuit plans to hire roughly the same number of people in AI and engineering roles. The move reflects a broader industry pattern of replacing traditional roles with AI-focused positions.

1,800 affectedView Intuit layoff history →

AI transformationworkforce shiftfintechhiring paradox

April 15, 2024 · Fortune · Technology

Tesla Lays Off More Than 14,000 as EV Demand Cools Globally

Tesla cut more than 10% of its global workforce — about 14,000 employees — in one of the largest layoffs in the company's history. The cuts came as Tesla faced declining vehicle deliveries, increased competition from Chinese EV makers, and margin pressure from repeated price cuts. Several senior executives also departed in the weeks surrounding the announcement.

14,000 affectedView Tesla layoff history →

electric vehiclesautomotivedemand slowdowncompetition

March 15, 2024 · Becker's Hospital Review · Healthcare

Walgreens to Cut 646 Jobs in Distribution Center Closures

Walgreens said it would lay off 646 workers as it closed distribution centers in Orlando, Florida (324 jobs) and Dayville, Connecticut (322 jobs), part of a plan to cut at least $1 billion in costs. The cuts came alongside a broader retrenchment that included winding down underperforming stores and clinics under its VillageMD unit. The pharmacy chain has been under pressure from retail theft, declining foot traffic, and competition from Amazon Pharmacy.

646 affectedView Walgreens layoff history →

pharmacystore closuresretailcost-cutting