Corporate America continues job cuts in 2026 in efficiency push (updated)

Angi

29/01/2026 10:43

Adds Snap and Disney

March 16 (Reuters) - The start of the year has seen massive layoffs across U.S. companies as they streamline operations amid rising adoption of artificial intelligence tools.

Snap SNAP.N said on Wednesday it would
lay off
 about 1,000 employees, including 16% of its full-time staff, weeks after activist investor Irenic Capital Management pushed the Snapchat parent to optimize its portfolio and improve performance.

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 the cloud platform and artificial intelligence efforts
January
* Meta META.O
10% of employees in the 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 the corporate workforce
Part of the broader goal of trimming some 30,000 corporate workers
January
Angi ANGI.O
Roughly 350
Unknown
AI-driven efficiency improvements
February
Washington Post
Unknown
A third
Shrinking news coverage
February
Workday WDAY.O
Unknown
About 2%
Realigning resources towards top priorities
February
C3.ai AI.N
About 307
26%
Restructuring under the new CEO to improve operating efficiency
March
Atlassian TEAM.O
Roughly 1,600
10%
CEO says company's actions reflect efforts to self-fund further investment in AI and enterprise sales
March
Meta Platforms META.O
Expected to affect roughly 15,800 or more, according to Reuters calculations
20% or more
To offset costly artificial infrastructure bets and prepare for greater efficiency brought on by AI-assisted workers, Reuters reported exclusively
April
DisneyDIS.N
Expected to be about 1,000
Unknown
To streamline operations
April
Snap SNAP.N
About 1,000
16%
To streamline operations and focus on profitability
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
January
Peloton Interactive PTON.O
Unknown
11%
Cost cuts amid turnaround efforts
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
February
Gemini Space Station GEMI.O
Up to 200
About 25%
Winding down some international operations to support path to profitability
February
Block XYZ.N
Over 4,000
Nearly half
CEO Jack Dorsey said AI is allowing the company to build and run the business with fewer people
March
****
Morgan Stanley MS.N
About 2,500
3%
Cuts affect all three divisions at the bank and are based on individual performance and broader strategy

* 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

**** Morgan Stanley has cut about 3% of its workforce, or roughly 2,500 employees, across all divisions, a person familiar with the matter told Reuters

 (Editing by Sahal Muhammed)

 ((Sahal.Muhammed@thomsonreuters.com;))