In 2026, 7 automotive & transportation companies have cut a combined 85,621 jobs, averaging 7.6% of workforce per company.
The automotive sector faces a difficult transition in 2026. Volkswagen's 50,000-job plan through 2030 is the largest single announcement of the year, driven by Chinese competition and a slower-than-expected EV transition. UPS and FedEx are restructuring logistics networks around automation.
| Company | People Cut | % of Workforce | Date | Category |
|---|---|---|---|---|
| Volkswagen Group | 50,000 | 7% | WEAK DEMAND | |
| UPS | 30,000 | 6% | AI-DRIVEN | |
| Porsche | 1,900 | 5% | WEAK DEMAND | |
| General Motors | 1,140 | 0.7% | WEAK DEMAND | |
| Iberia | 996 | 10% | RESTRUCTURE | |
| FedEx | 856 | 0.2% | RESTRUCTURE | |
| Alan Ritchey | 729 | 24% | COST CUT |