2026 layoffs news: Which companies are planning job cuts as Amazon is set to trim workforce? Check details
With 20 days left until 2026, many companies are already planning layoffs. Major companies, including Amazon, are targeting thousands of corporate layoffs across various divisions, potentially marking the largest layoffs ever. Ericsson plans to cut 1,600 jobs in Sweden to remain competitive, while FedEx will cut 500 jobs in France while also creating new positions. Citigroup and BlackRock announced significant layoffs.
Here is a list of companies that have recently planned layoffs:
Amazon
E-commerce giant Amazon is preparing to lay off thousands of corporate employees next week as part of its workforce reduction strategy, Reuters reported on January 22, citing two people familiar with the matter.
Arguably the company’s biggest layoffs are expected to affect white-collar roles in divisions such as Amazon Web Services (AWS), the People Experience and Technology unit (human resources), Prime Video and retail. However, the report stated that plans may change.
Ericsson
Telecom equipment maker Ericsson announced plans to cut up to 1,600 jobs in its home country of Sweden earlier this month; this was a move aimed at maintaining the company’s competitive position. The company expects to continue laying off employees as part of cost-cutting and restructuring efforts, CEO Borje Ekholm said Friday.
“Last year you saw us reduce headcount by, say, 5,000, and we expect to continue reducing headcount in the future,” Reuters quoted Ekholm as saying during a post-earnings call.
fedex
On Friday, U.S. package delivery company FedEx announced a strategic overhaul of its French domestic operations, including a plan to cut up to 500 jobs and invest about 78 million euros ($91.58 million).
FedEx plans to organize its internal structure by reducing the number of stations from 103 to 86. This move aims to simplify the distribution network and eliminate unnecessary infrastructure across the country.
While layoffs are part of the plan, the restructuring is also expected to create more than 770 new full-time and part-time positions. FedEx stated that employees affected by the layoffs will be given priority consideration for these new positions.
citigroup
Banking giant Citigroup is expected to cut nearly 1,000 jobs this month as CEO Jane Fraser aims to cut costs and boost returns.
The current layoffs at Citigroup are part of the company’s plan announced two years ago to cut 20,000 jobs by the end of 2026, according to a Bloomberg report citing people familiar with the development.
I Met Opera
New York’s Metropolitan Opera announced a series of layoffs on Tuesday as it struggles financially despite implementing other significant cost-cutting measures over the past five years, according to a report by The New York Times.
The Met announced additional cost-cutting measures, including reducing the salaries of its highest-paid employees and postponing a new production planned for next season.
The opera house will reduce its administrative staff by 22 people, reducing the total from 284 to about 262, or about 10% of the department’s workforce, according to the report.
Black Rock
According to Bloomberg, BlackRock announced at the beginning of this month that it would lay off hundreds of employees across the company. BlackRock will lay off about 1% of its workforce, or about 250 employees across divisions, according to a report citing people familiar with the development.
