In February 2026, 22 companies announced layoffs totaling 35,961 jobs. The largest single cut was Nestlé with 16,000 positions.
| Company | People Cut | % of Workforce | Industry | Category |
|---|---|---|---|---|
| Nestlé | 16,000 | 6% | Consumer Goods | AI-DRIVEN |
| Heineken | 6,000 | 7% | Consumer Goods | WEAK DEMAND |
| Block | 4,000 | 40% | Crypto & Fintech | AI-DRIVEN |
| Viatris | 3,200 | 9% | Healthcare & Pharma | COST CUT |
| WiseTech Global | 2,000 | 29% | Tech | AI-DRIVEN |
| Salesforce | 1,000 | 1% | Tech | AI-DRIVEN |
| eBay | 800 | 7% | Tech | RESTRUCTURE |
| Palo Alto / CyberArk | 500 | 3% | Tech | MERGER |
| CrowdStrike | 500 | 5% | Tech | AI-DRIVEN |
| Stanley Black & Decker | 300 | 0.5% | Manufacturing | COST CUT |
| Washington Post | 300 | 38% | Media & Entertainment | COST CUT |
| Bristol Myers Squibb | 247 | 0.7% | Healthcare & Pharma | COST CUT |
| Gemini | 200 | 25% | Crypto & Fintech | AI-DRIVEN |
| Merck | 147 | 0.2% | Healthcare & Pharma | WEAK DEMAND |
| Arrow Fastener | 140 | 35% | Manufacturing | RESTRUCTURE |
| Cigna Evernorth | 134 | 0.2% | Healthcare & Pharma | RESTRUCTURE |
| JPMorgan Chase | 121 | 0.0% | Finance & Banking | RESTRUCTURE |
| Wells Fargo | 112 | 0.0% | Finance & Banking | AI-DRIVEN |
| Walmart | 100 | 0.0% | Retail | RESTRUCTURE |
| Thermo Fisher | 80 | 0.1% | Healthcare & Pharma | RESTRUCTURE |
| xAI | 50 | 10% | Tech | RESTRUCTURE |
| Disc Medicine | 30 | 20% | Healthcare & Pharma | RESTRUCTURE |