Comparing the 2026 layoffs at UPS (30,000 jobs) and HSBC (20,000 jobs). UPS cut more people, HSBC cut a larger share of its workforce.
| UPS | HSBC | |
|---|---|---|
| People Cut | 30,000 | 20,000 |
| % of Workforce | 6% | 9.5% |
| Total Workforce | 500,000 | 210,000 |
| Date | ||
| Category | AI-DRIVEN | AI-DRIVEN |
| Industry | Automotive & Transportation | Finance & Banking |
| Reason | Network of the Future. | 10% cut, AI-driven. |