Major Layoffs Hit Over 35 Companies in 2026 Including Meta, Amazon, and Verizon

Nearly 40 companies have announced layoffs in 2026, continuing a trend of significant workforce reductions across tech, media, finance, and retail. Companies including Block, Coinbase, and Standard Chartered cited artificial intelligence as a key driver. Target is shifting resources from supply chain to stores under a new CEO turnaround strategy. Over 100 additional companies have filed WARN notices for future job cuts. A World Economic Forum survey found 41% of companies globally expect AI to reduce their workforces within five years, while jobs in big data, fintech, and AI are projected to double by 2030. Business Insider continues to track layoffs, following 65 major companies in 2025.

First published Aug 4, 01:59 PM UTCUpdated Jul 17, 02:32 PM UTC1 reports · 1 sources

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Major Layoffs Hit Over 35 Companies in 2026 Including Meta, Amazon, and Verizon

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Major Layoffs Hit Over 35 Companies in 2026 Including Meta, Amazon, and VerizonAll Content from Business InsiderWesternJul 17, 02:32 PM UTC

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