In 2026, 17 companies headquartered in California have cut a combined 47,439 jobs.
| Company | People Cut | % of Workforce | Industry | Category |
|---|---|---|---|---|
| Meta | 16,000 | 21% | Tech | AI-DRIVEN |
| Intel | 15,000 | 14% | Tech | RESTRUCTURE |
| Chevron | 8,000 | 18% | Energy | COST CUT |
| Block | 4,000 | 40% | Crypto & Fintech | AI-DRIVEN |
| Salesforce | 1,000 | 1% | Tech | AI-DRIVEN |
| eBay | 800 | 7% | Tech | RESTRUCTURE |
| 780 | 15% | Tech | AI-DRIVEN | |
| Palo Alto / CyberArk | 500 | 3% | Tech | MERGER |
| Electronic Arts | 300 | 2% | Tech | RESTRUCTURE |
| Alameda Health System | 240 | 4% | Healthcare & Pharma | COST CUT |
| L.A. Care Health Plan | 225 | 3% | Healthcare & Pharma | COST CUT |
| Theravance Biopharma | 200 | 50% | Healthcare & Pharma | RESTRUCTURE |
| MedImpact Healthcare | 125 | 6% | Healthcare & Pharma | MERGER |
| Wells Fargo | 112 | 0.0% | Finance & Banking | AI-DRIVEN |
| Gossamer Bio | 77 | 48% | Healthcare & Pharma | RESTRUCTURE |
| xAI | 50 | 10% | Tech | RESTRUCTURE |
| WME | 30 | 3% | Media & Entertainment | RESTRUCTURE |