FACTBOX-Corporate America continues job cuts in 2026 in efficiency push

ReutersFeb 6, 2026 3:29 PM

Feb 6 (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.

Tech giant Amazon AMZN.O said last week it was cutting 16,000 roles worldwide in the second major round of job cuts at the company in three months.

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 cloud platform and artificial intelligence efforts
	January	Meta META.O	10% of employees in 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 corporate workforce	Part of 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
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

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

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.