Comparing the 2026 layoffs at Amazon (16,616 jobs) and HSBC (20,000 jobs). HSBC cut more people and a larger share of its workforce.
| Amazon | HSBC | |
|---|---|---|
| People Cut | 16,616 | 20,000 |
| % of Workforce | 4.8% | 9.5% |
| Total Workforce | 350,000 | 210,000 |
| Date | ||
| Category | AI-DRIVEN | AI-DRIVEN |
| Industry | Tech | Finance & Banking |
| Reason | 16,000 corporate cuts in January (fewer layers + AI efficiency) plus a separate 616 at the Homestead FL warehouse closure in April. | 10% cut, AI-driven. |