Q1 2026 Layoff Report

In Q1 2026 (January, February, March), 92 companies announced layoffs totaling 294,672 jobs.

Total Jobs Cut
294,672
Companies
92
Largest Cut
Volkswagen Group

Month-over-Month

MonthCompaniesJobs Cut
January1895,075
February2235,961
March52163,636

By Industry

Tech: 115,510 Automotive & Transportation: 83,721 Finance & Banking: 28,583 Consumer Goods: 27,570 Telecom: 15,600 Manufacturing: 7,339 Healthcare & Pharma: 7,311 Crypto & Fintech: 4,380 Retail: 4,208 Media & Entertainment: 450

By Category

AI-DRIVEN 169,102 WEAK DEMAND 60,845 RESTRUCTURE 47,905 COST CUT 13,626 MERGER 3,194

Top 10 Largest Layoffs of Q1 2026

  1. Volkswagen Group - 50,000 jobs (7% of workforce)
  2. Amazon - 30,000 jobs (9% of workforce)
  3. Oracle - 30,000 jobs (19% of workforce)
  4. UPS - 30,000 jobs (6% of workforce)
  5. HSBC - 20,000 jobs (10% of workforce)
  6. Nestlé - 16,000 jobs (6% of workforce)
  7. Meta - 16,000 jobs (21% of workforce)
  8. Intel - 15,000 jobs (14% of workforce)
  9. Nokia - 14,000 jobs (19% of workforce)
  10. Dell - 11,000 jobs (10% of workforce)
Cite this data
layoffhedge. (2026). Q1 2026 Layoff Report - 294,672 Jobs Cut | layoffhedge. Retrieved 2026-04-03, from https://layoffhedge.com/trends/q1-2026-layoff-report
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Last verified: 2026-04-03
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