Corporate America entered 2026 with a fresh round of job reductions as many large employers reorganize and reallocate resources to artificial intelligence (AI), cloud and other strategic priorities.
Amazon disclosed on January 28 that it would eliminate 16,000 positions worldwide, marking the company's second significant round of cuts in three months. Company executives framed the move as part of a broader workforce reduction effort. The company has indicated its actions tie into a wider intent to trim roughly 30,000 corporate roles; the 16,000 jobs cut in January were described as representing nearly 10% of the corporate workforce.
Wider corporate cuts in 2026
Below is a consolidated account of U.S. companies that disclosed job cuts or restructuring actions in early 2026, together with the limited details each company released about timing, scale and stated rationale.
- Pinterest - January: About 780 roles affected; company described the actions as reallocating resources to roles and strategy focused on artificial intelligence; the reduction is reported as less than 15% of the workforce.
- Autodesk - January: Roughly 1,000 positions, or about 7% of the workforce, as the company said it would redirect spending toward its cloud platform and AI efforts.
- Meta - January: The company plans cuts in its Reality Labs division, with reports indicating around 10% of employees working on virtual reality products will be affected; the exact total number was not disclosed.
- Amazon - January: Announced 16,000 worldwide job cuts; company stated these reductions are part of a broader effort to trim roughly 30,000 corporate positions, and noted the 16,000 represented nearly 10% of corporate employees.
- Angi - January: Approximately 350 jobs cut as part of AI-driven efficiency improvements; the company did not provide a percentage of total workforce affected.
- The Washington Post - February: Announced workforce reductions; details on the number and percentage of staff affected were not specified publicly, with reporting noting a shrinking of news coverage resources.
- Workday - February: About 2% of staff affected as the company said it would realign resources towards top priorities.
- C3.ai - February: Approximately 307 positions, about 26% of the workforce, cut as part of restructuring under a new CEO to improve operating efficiency.
- Atlassian - March: Roughly 1,600 roles, about 10% of the workforce, removed with the company stating the moves support self-funding further investment in AI and enterprise sales.
- Home Depot - January: Around 800 roles cut as part of broader efforts to improve efficiency.
- Nike - January: Approximately 775 employees impacted as the company consolidates its operations footprint; reporting indicated the layoffs primarily affect distribution center roles in Tennessee and Mississippi.
- Dow - January: About 4,500 positions, equal to roughly 13% of the workforce, eliminated under a restructuring designed to lift profitability by at least $2 billion.
- Tronox - January: Approximately 550 roles cut tied to the closure of a Fuzhou pigment plant in China, a decision attributed to weak Chinese domestic demand and rising costs.
- FedEx - January: Up to 500 roles in France affected as the company overhauled operations and trimmed its station footprint in that market.
- United Parcel Service - January: The company announced reductions related to low-margin delivery volumes; the public disclosures on the exact headcount and percentage impacted were unclear.
- Peloton - January: Cuts equating to around 11% of the workforce as part of cost reductions tied to a turnaround plan.
- Citigroup - January: About 1,000 roles cut in continuation of a previously announced plan to reduce total headcount by 20,000 by 2026.
- Mastercard - January: Roughly 4% of staff affected as the company refocused investments in other areas.
- Gemini Space Station - February: Up to 200 roles affected as the organization winds down some international operations to support a path to profitability; the item was reported as part of the corporate cut disclosures.
- Block - February: Over 4,000 positions cut, described by CEO Jack Dorsey as a result of AI enabling the company to build and run the business with fewer people; reductions were characterized as nearly half of certain teams.
- Morgan Stanley - March: About 2,500 roles, or roughly 3% of its workforce, were cut across all divisions; the company said the reductions reflect individual performance considerations and a broader strategic review.
Explanatory notes
* Meta plans to reduce around 10% of employees in its Reality Labs division who work on products including the metaverse, according to reporting cited alongside the company disclosures.
** Nike is reported to be laying off 775 employees, with primary impacts on distribution center roles in Tennessee and Mississippi.
*** Citigroup's roughly 1,000-job reduction is part of a plan announced previously to lower the workforce by 20,000 by 2026.
**** Morgan Stanley's cuts amount to about 3% of its workforce, or roughly 2,500 employees, and span the bank's divisions as part of company-wide adjustments tied to performance and strategy.