Many companies implement layoffs during economic uncertainty. Evidence suggests layoffs frequently fail to achieve lasting financial benefits. They can also significantly harm employee morale, innovation, and customer loyalty. Many leaders now... — read more 

Innovaccer has laid off staff members. The healthcare technology company is increasing its artificial intelligence efforts. Innovaccer plans to apply its automation principles internally. The company recently allocated $250 million for AI... — read more 

AI investment has reached $1.5 trillion since late 2022. This sum equals the projected 2027 U.S. defense budget. The finance sector experienced 49,000 layoffs due to AI in 2026. Industry experts believe AI will augment finance workers. Human judgment... — read more 

Takeda announced plans to cut approximately 4,500 employees globally. This makes May 2026 the most significant month for biopharma layoffs this year. As of May 15, 6,739 biopharma employees were laid off or planned for reduction. This total exceeds... — read more 

NPR is reorganizing its newsroom operations. The network is offering buyouts to approximately 300 employees. Layoffs will occur if insufficient staff accept voluntary departures. NPR faces an $8 million budget gap from reduced station fees and... — read more 

AP cut 20 U.S. journalist positions on Friday. This is part of a larger restructuring. The organization is changing its operational focus. It is moving away from traditional print journalism. The AP will now emphasize visual journalism and new... — read more 

The online gambling industry is experiencing widespread layoffs. Penn Entertainment recently cut over 70 jobs in its interactive division. Gambling.com Group also laid off approximately a quarter of its employees. These reductions reflect a shift... — read more 

Crypto exchange Kraken recently laid off approximately 150 employees. The company cited increased efficiencies from deploying artificial intelligence. These staff reductions could delay its planned US initial public offering. Kraken now reportedly... — read more 

Over 5,100 workers faced layoffs across the U.S. supply chain sector. These job cuts affected logistics, manufacturing, and transportation companies. Major employers like FreshRealm, GEODIS, Ryder, and DSV announced significant reductions. Reasons... — read more 

General Motors recently reduced its IT workforce. The company cut approximately 600 salaried positions. This move is part of a deliberate skills exchange. GM is now hiring for AI-focused IT roles. The automaker seeks professionals to build AI systems... — read more 

Starbucks is eliminating 300 corporate positions. The company is also closing some regional offices. This action aims to streamline the organization. It seeks to reduce operational complexity and boost profitability. This marks the third round of... — read more 

Multiple gambling companies announced layoffs this week. Penn Entertainment cut over 75 employees from its interactive division. Gambling.com Group reduced its workforce by 25%, impacting around 150 people. LSports, an Israeli data provider, also... — read more 

https://www.cheapism.com/2026-layoffs-major-american-companies/

Novartis is trimming its biomedical research arm. This follows recent staff consolidation moves. A company spokesperson confirmed individual impacts to a select number of employees. This strategic decision is difficult for those affected. Novartis... — read more 

Byron Allen recently discussed layoffs within his media division. He described these workforce reductions as "thoughtful" and "humane." Allen attributed the changes to shifts in the broader media business. He stated the economy improved, offering new... — read more 

Arthur Hayes spoke at Consensus Miami. He is the BitMEX co-founder and Maelstrom CIO. Hayes predicted AI-driven layoffs could cause a banking crisis. He believes Bitcoin is already reflecting this potential crisis. Hayes also shared his BTC price... — read more 

Spirit Airlines faces a class-action lawsuit from former employees. The suit alleges the airline violated federal labor laws. The company abruptly ceased operations and laid off 17,000 workers without notice. Employees claim they lost jobs, benefits... — read more 

Cisco Systems announced layoffs affecting fewer than 4,000 employees. This reduction represents less than 5% of its total workforce. The company reported a record quarterly revenue of $15.8 billion. Cisco is reallocating investments towards... — read more 

Verizon announced new layoffs affecting several hundred U.S. employees. These cuts follow a larger reduction of 13,000 roles less than six months ago. The company aims to achieve $5 billion in operating expense cuts by 2026. This restructuring is... — read more 

A new study investigated the financial impact of AI-driven layoffs. Eighty percent of surveyed executives admitted to reducing staff for AI investments. These companies saw no greater financial gains than those retaining employees. Many sacrificed... — read more 

Takeda announced a new multiyear restructuring program. This program will eliminate approximately 4,500 roles during the 2026 fiscal year. The company expects to incur $1.07 billion in restructuring costs. It projects over $1.26 billion in annualized... — read more 

Walmart Inc. confirmed it will eliminate some jobs. These cuts affect corporate staff, not retail workers. The company is simplifying its digital operations. This involves reducing organizational layers and consolidating teams. Layoffs are a result... — read more 

LinkedIn plans to cut about 5% of its global workforce. This reorganization will eliminate approximately 875 positions. The company aims to shift focus toward growing business areas. AI automation is not the reason for these specific headcount... — read more 

General Motors is laying off 500 to 600 information technology workers. These job cuts affect employees globally. The company aims to reorganize its technology operations. GM stated this reorganization requires different skills and reduces overlap... — read more 

Freshworks will cut 11% of its global workforce, approximately 500 jobs. This decision is partly due to rapid advancements in artificial intelligence. CEO Dennis Woodside stated AI now writes over half of the company's code. Automation has reduced... — read more 

Oracle laid off approximately 20,000 employees globally earlier this year. Former workers are now disputing the severance terms and forfeited stock grants. Many lost significant unvested equity, with one employee losing nearly $1 million. Concerns... — read more 

IBM is facing a lawsuit. The suit alleges racially discriminatory layoffs. It claims Black executives were targeted. This raises questions about IBM's diversity and governance. The case could impact investor perception and client relationships. ... — read more 

Nearly 38,000 US jobs were cut in the first 10 days of May 2026. This affected sectors like technology, finance, and aviation. Spirit Airlines ceased operations, impacting 14,000 employees. Many companies cited AI-driven restructuring and cost... — read more 

Spirit Airlines ceased all operations last weekend. This action eliminated over 15,000 jobs nationwide. Many airports, especially smaller ones, lost significant or all commercial service. Other airlines like Breeze and JetBlue are adding routes to... — read more 

Biotech layoffs are slowing in 2026 compared to the previous year. BioNTech announced a major restructuring, eliminating 1,860 jobs. Vistagen reduced its workforce by 20% after a dr-g trial failure. Replimune cut 224 positions following an FDA dr-g... — read more 

4.3 percent. That is from Reuters.

U.S. layoffs decreased overall in early 2026. The technology sector experienced a rise in job cuts. Tech companies cut 85,411 jobs this year. This is a 33% increase from the same period last year. Artificial intelligence spending is the main reason... — read more 

U.S. employers announced 83,387 job cuts in April, a 38% increase from March. This total marks the third highest for April since 2009. Technology companies led all industries in layoff announcements, often citing AI spending as a reason. Artificial... — read more 

Packaging manufacturers are implementing significant workforce reductions and facility shutdowns. Clearwater Paper is cutting 70 positions and 50% production capacity at its Arkansas mill. Gerresheimer Glass will close its Chicago Heights plant... — read more 

Activist investor Ryan Cohen has proposed acquiring eBay Inc. He sharply criticized eBay's current operating structure and large workforce. Cohen stated that 11,500 employees do not make sense for an asset-light business. He plans aggressive... — read more 

PayPal plans to cut 20% of its staff. This reduction will take place over the next two to three years. The company aims to accelerate its adoption of artificial intelligence. These job eliminations are also part of a cost-cutting initiative. CEO... — read more 

Colleges across the United States announced hundreds of layoffs and buyouts in April. Budget deficits, state funding reductions, and enrollment losses drove these decisions. Hampshire College and Anna Maria College are closing and laying off hundreds... — read more 

Toptal predicts growth in remote tech roles. These jobs demand extensive prior experience. This trend happens amidst broad technology job cuts. More than 150,000 technology positions were cut by April. AI integration increases demand for expert... — read more 

Coinbase announced it will cut approximately 700 jobs. This represents about 14% of its global workforce. The company cites crypto market volatility and cost reduction as reasons. It also aims to reposition the business for the artificial... — read more 

A new House bill proposes changes to student loan forgiveness. H.R. 8475 would allow unemployment deferral months to count toward forgiveness. Currently, these months do not advance the forgiveness timeline. The bill aims to expedite relief for... — read more