In 2026, 17 companies headquartered in New York have cut a combined 30,592 jobs.
| Company | People Cut | % of Workforce | Industry | Category |
|---|---|---|---|---|
| Citigroup | 20,000 | 10% | Finance & Banking | AI-DRIVEN |
| Morgan Stanley | 2,500 | 3% | Finance & Banking | COST CUT |
| Saks Global | 1,866 | 11% | Retail | RESTRUCTURE |
| Goldman Sachs | 1,500 | 3% | Finance & Banking | COST CUT |
| Mastercard | 1,400 | 4% | Finance & Banking | COST CUT |
| Macy's | 1,050 | 1% | Retail | RESTRUCTURE |
| Verizon | 621 | 0.7% | Telecom | AI-DRIVEN |
| FanDuel | 300 | 6% | Media & Entertainment | RESTRUCTURE |
| Peloton | 286 | 11% | Consumer Goods | COST CUT |
| BlackRock | 250 | 1% | Finance & Banking | COST CUT |
| Gemini | 200 | 25% | Crypto & Fintech | AI-DRIVEN |
| Abbott House | 162 | 32% | Tech | RESTRUCTURE |
| JPMorgan Chase | 121 | 0.0% | Finance & Banking | RESTRUCTURE |
| Compass | 110 | 0.6% | Tech | MERGER |
| KPMG US | 100 | 10% | Finance & Banking | COST CUT |
| CBS News | 66 | 6% | Media & Entertainment | RESTRUCTURE |
| Associated Press | 60 | 2% | Media & Entertainment | RESTRUCTURE |