Q2 2026 YTD: 64 companies have announced layoffs cutting 97,560 jobs through May.
| Company | People Cut | % of Workforce | Date | Category |
|---|---|---|---|---|
| Cognizant | 15,000 | 4.2% | AI-DRIVEN | |
| Spirit Airlines | 14,000 | 100.0% | WEAK DEMAND | |
| Kyndryl | 10,000 | 13.7% | RESTRUCTURE | |
| Microsoft | 8,750 | 7.0% | AI-DRIVEN | |
| Commerzbank | 6,900 | 17.3% | MERGER | |
| PayPal | 4,760 | 20.0% | AI-DRIVEN | |
| Cisco | 4,000 | 5.0% | AI-DRIVEN | |
| Republic National Distributing | 2,774 | 27.7% | MERGER | |
| Porsche | 2,400 | 5.7% | RESTRUCTURE | |
| Electrolux | 2,100 | 4.0% | WEAK DEMAND | |
| BBC | 2,000 | 9.3% | COST CUT | |
| BioNTech | 1,860 | 22.0% | WEAK DEMAND | |
| Nike | 1,400 | 1.8% | RESTRUCTURE | |
| Claire's | 1,300 | 7.6% | RESTRUCTURE | |
| Cloudflare | 1,100 | 21.3% | AI-DRIVEN | |
| Walmart | 1,100 | 0.1% | AI-DRIVEN | |
| Snap | 1,000 | 19.0% | AI-DRIVEN | |
| Disney | 1,000 | 0.5% | RESTRUCTURE | |
| UKG | 950 | 7.4% | AI-DRIVEN | |
| Nissan | 900 | 9.7% | WEAK DEMAND | |
| 875 | 5.0% | AI-DRIVEN | ||
| Fidelity Investments | 800 | 1.0% | RESTRUCTURE | |
| PNC / FirstBank | 777 | 35.3% | MERGER | |
| Fifth Third Bank | 740 | 2.7% | MERGER | |
| BILL Holdings | 700 | 30.0% | RESTRUCTURE | |
| Coinbase | 700 | 14.0% | AI-DRIVEN | |
| Saks Global | 640 | 3.8% | RESTRUCTURE | |
| Verizon | 621 | 0.7% | AI-DRIVEN | |
| Amazon | 616 | 0.0% | RESTRUCTURE | |
| ZoomInfo | 600 | 20.0% | RESTRUCTURE | |
| General Motors | 600 | 0.4% | RESTRUCTURE | |
| Eagle Rock Distributing | 526 | 65.8% | MERGER | |
| Freshworks | 500 | 11.1% | AI-DRIVEN | |
| Smokey Bones | 500 | 100.0% | MERGER | |
| Ticketmaster | 350 | 8.0% | AI-DRIVEN | |
| Cboe Global Markets | 332 | 20.0% | RESTRUCTURE | |
| Lucid Group | 319 | 4.7% | COST CUT | |
| LAHSA | 284 | 47.3% | RESTRUCTURE | |
| Fujitsu UK | 270 | 10.0% | RESTRUCTURE | |
| DeepL | 250 | 25.0% | AI-DRIVEN | |
| Arctic Wolf | 250 | 8.3% | AI-DRIVEN | |
| Bolt | 250 | 33.3% | AI-DRIVEN | |
| Bristol Myers Squibb | 206 | 0.6% | COST CUT | |
| Sony Pictures | 200 | 1.7% | RESTRUCTURE | |
| Gilead Sciences | 192 | 91.9% | MERGER | |
| Fresh Venture Foods | 185 | 9.2% | RESTRUCTURE | |
| Cars.com | 185 | 10.9% | RESTRUCTURE | |
| Build a Rocket Boy | 170 | 68.0% | WEAK DEMAND | |
| Replimune | 161 | 59.6% | COST CUT | |
| Molina Healthcare | 156 | 0.9% | RESTRUCTURE | |
| Upwork | 145 | 24.2% | AI-DRIVEN | |
| GoPro | 145 | 23.0% | RESTRUCTURE | |
| Transdev | 126 | 0.4% | RESTRUCTURE | |
| Daily Wire | 100 | 50.0% | COST CUT | |
| KPMG US | 100 | 10.0% | COST CUT | |
| GladUDid Chick-fil-A | 98 | 100.0% | RESTRUCTURE | |
| Autolus Therapeutics | 98 | 13.0% | RESTRUCTURE | |
| Pendo | 90 | 10.6% | AI-DRIVEN | |
| Reyes Coca-Cola Bottling | 85 | 0.9% | RESTRUCTURE | |
| PGA Tour | 80 | 4.0% | COST CUT | |
| Mercedes-Benz R and D North America | 72 | 2.4% | COST CUT | |
| Streamland Media | 71 | 4.7% | WEAK DEMAND | |
| Starbucks | 61 | 0.4% | RESTRUCTURE | |
| MARA Holdings | 40 | 15.0% | AI-DRIVEN |