March 2026 Layoffs

In March 2026, 52 companies announced layoffs totaling 163,636 jobs. The largest single cut was Volkswagen Group with 50,000 positions.

Total Jobs Cut
163,636
Companies
52
Largest Cut
Volkswagen Group

Largest Layoffs in March 2026

  1. Volkswagen Group - 50,000 jobs (7% of workforce)
  2. Oracle - 30,000 jobs (19% of workforce)
  3. HSBC - 20,000 jobs (10% of workforce)
  4. Meta - 16,000 jobs (21% of workforce)
  5. Nokia - 14,000 jobs (19% of workforce)
  6. Dell - 11,000 jobs (10% of workforce)
  7. Morgan Stanley - 2,500 jobs (3% of workforce)
  8. Atlassian - 1,600 jobs (10% of workforce)
  9. Goldman Sachs - 1,500 jobs (3% of workforce)
  10. Capital One - 1,100 jobs (2% of workforce)

By Industry

Tech: 62,430 Automotive & Transportation: 50,996 Finance & Banking: 26,700 Telecom: 14,000 Healthcare & Pharma: 3,473 Retail: 2,808 Manufacturing: 2,399 Consumer Goods: 500 Crypto & Fintech: 180 Media & Entertainment: 150

All March 2026 Layoffs

CompanyPeople Cut% of WorkforceIndustryCategory
Volkswagen Group50,0007%Automotive & TransportationWEAK DEMAND
Oracle30,00019%TechAI-DRIVEN
HSBC20,00010%Finance & BankingAI-DRIVEN
Meta16,00021%TechAI-DRIVEN
Nokia14,00019%TelecomRESTRUCTURE
Dell11,00010%TechAI-DRIVEN
Morgan Stanley2,5003%Finance & BankingCOST CUT
Atlassian1,60010%TechAI-DRIVEN
Goldman Sachs1,5003%Finance & BankingCOST CUT
Capital One1,1002%Finance & BankingMERGER
Epic Games1,00020%TechWEAK DEMAND
Macy's1,0001%RetailRESTRUCTURE
Algoma Steel1,00029%ManufacturingRESTRUCTURE
Iberia99610%Automotive & TransportationRESTRUCTURE
SK Battery America95837%ManufacturingWEAK DEMAND
IKEA (Ingka Group)8000.5%RetailRESTRUCTURE
Evotec80016%Healthcare & PharmaRESTRUCTURE
Crothall / Morrison Healthcare7958%Healthcare & PharmaRESTRUCTURE
Nike7751%RetailAI-DRIVEN
Glovo75015%TechRESTRUCTURE
IGT70010%TechMERGER
Takeda6341%Healthcare & PharmaCOST CUT
Close Brothers60020%Finance & BankingCOST CUT
KPMG UK6008%Finance & BankingCOST CUT
Flipkart5002%TechRESTRUCTURE
BrewDog50020%Consumer GoodsMERGER
UniCredit4000.5%Finance & BankingRESTRUCTURE
Whirlpool3410.6%ManufacturingCOST CUT
Electronic Arts3002%TechRESTRUCTURE
Alameda Health System2404%Healthcare & PharmaCOST CUT
L.A. Care Health Plan2253%Healthcare & PharmaCOST CUT
Envato20033%TechRESTRUCTURE
Theravance Biopharma20050%Healthcare & PharmaRESTRUCTURE
Crypto.com18012%Crypto & FintechAI-DRIVEN
Abbott House16232%Healthcare & PharmaRESTRUCTURE
Walgreens1590.1%RetailMERGER
MedImpact Healthcare1256%Healthcare & PharmaMERGER
Compass1100.6%TechMERGER
Ubisoft / Red Storm1050.6%TechRESTRUCTURE
Harley-Davidson1002%ManufacturingRESTRUCTURE
Tessera Therapeutics9036%Healthcare & PharmaRESTRUCTURE
Bicycle Therapeutics8630%Healthcare & PharmaCOST CUT
Gossamer Bio7748%Healthcare & PharmaRESTRUCTURE
Saks740.9%RetailCOST CUT
Snowflake700.9%TechAI-DRIVEN
CBS News706%Media & EntertainmentRESTRUCTURE
Superside609%TechRESTRUCTURE
CNN502%Media & EntertainmentRESTRUCTURE
Gloat3535%TechAI-DRIVEN
WME303%Media & EntertainmentRESTRUCTURE
Vertex Pharma200.2%Healthcare & PharmaRESTRUCTURE
Alltrna1935%Healthcare & PharmaRESTRUCTURE
Cite this data
layoffhedge. (2026). March 2026 Layoffs - 163,636 Jobs Cut | layoffhedge. Retrieved 2026-04-03, from https://layoffhedge.com/trends/march-2026-layoffs
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Last verified: 2026-04-03
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