In May 2026, 35 companies announced layoffs totaling 62,117 jobs. The largest single cut was Spirit Airlines with 14,000 positions.
| Company | People Cut | % of Workforce | Date | Category |
|---|---|---|---|---|
| Spirit Airlines | 14,000 | 100.0% | WEAK DEMAND | |
| Kyndryl | 10,000 | 13.7% | RESTRUCTURE | |
| Commerzbank | 6,900 | 17.3% | MERGER | |
| PayPal | 4,760 | 20.0% | AI-DRIVEN | |
| Takeda | 4,500 | 9.2% | COST CUT | |
| Cisco | 4,000 | 5.0% | AI-DRIVEN | |
| Porsche | 2,400 | 5.7% | RESTRUCTURE | |
| Electrolux | 2,100 | 4.0% | WEAK DEMAND | |
| BioNTech | 1,860 | 22.0% | WEAK DEMAND | |
| Cloudflare | 1,100 | 21.3% | AI-DRIVEN | |
| Walmart | 1,100 | 0.1% | AI-DRIVEN | |
| Nissan | 900 | 9.7% | WEAK DEMAND | |
| 875 | 5.0% | AI-DRIVEN | ||
| Fidelity Investments | 800 | 1.0% | RESTRUCTURE | |
| Fifth Third Bank | 740 | 2.7% | MERGER | |
| BILL Holdings | 700 | 30.0% | RESTRUCTURE | |
| Coinbase | 700 | 14.0% | AI-DRIVEN | |
| Verizon | 621 | 0.7% | AI-DRIVEN | |
| ZoomInfo | 600 | 20.0% | RESTRUCTURE | |
| General Motors | 600 | 0.4% | RESTRUCTURE | |
| Freshworks | 500 | 11.1% | AI-DRIVEN | |
| Ticketmaster | 350 | 8.0% | AI-DRIVEN | |
| Cboe Global Markets | 332 | 20.0% | RESTRUCTURE | |
| DeepL | 250 | 25.0% | AI-DRIVEN | |
| Arctic Wolf | 250 | 8.3% | AI-DRIVEN | |
| Gilead Sciences | 192 | 91.9% | MERGER | |
| Fresh Venture Foods | 185 | 9.2% | RESTRUCTURE | |
| Build a Rocket Boy | 170 | 68.0% | WEAK DEMAND | |
| Upwork | 145 | 24.2% | AI-DRIVEN | |
| Daily Wire | 100 | 50.0% | COST CUT | |
| GladUDid Chick-fil-A | 98 | 100.0% | RESTRUCTURE | |
| Reyes Coca-Cola Bottling | 85 | 0.9% | RESTRUCTURE | |
| Mercedes-Benz R and D North America | 72 | 2.4% | COST CUT | |
| Streamland Media | 71 | 4.7% | WEAK DEMAND | |
| Starbucks | 61 | 0.4% | RESTRUCTURE |