Intellizence offers the latest Layoffs, Downsizing, Job Cuts, and Hiring Freeze data for market intelligence, customer intelligence, sales intelligence, and risk intelligence activities. We monitor public sources like news and WARN filings for the latest layoff and hiring freeze announcements. We aggregate, de-duplicate, normalize, and deliver the curated layoff data through anAPI and Web dashboard.
Since January 1st, 2023, 5487+ companies have announced mass layoffs.
Since January 1st, 2024, 3754+ companies have announced mass layoffs.[Last update: August 13, 2024].
Layoff Tracker 2024 – Recent Layoffs of TheWeek
- September 18, 2024: BBC Children’s & Education Department to lay off 11 roles after revamping the CBBC Studio’s production.
- September 17, 2024: Adidas bans sports app developer Runtastic in Austria, and almost170 employees could be laid off.
- September 16, 2024: Udemy to cut 140 jobs as part of restructuring.
- September 14, 2024: Ricoh to cut 2,000 jobs as printer demand slumps.
- September 13, 2024: Verizon puts a price tag on buyouts and says nearly 5,000 employees are leaving.
Major Layoffs and Hiring Freezes in 2023 & 2024
Verizon Communications
No. of Employees to be Laid off: 4800
Industry: Telecommunications
September 2024
Verizon Communications expects charges of up to $1.9 billion in the third quarter related to employee buyouts. About 4,800 employees will leave the telecommunications giant by March under Verizon’s voluntary separation program announced in June. Half of those employees will go in September.
Ricoh
No. of Employees to be Laid off: 2000
Industry: Business Services
September 2024
The Japanese company Ricoh, which makes printers and other imaging equipment, plans to cut around 2,000 jobs worldwide by March next year, or over 2% of its workforce. The move comes as demand for multifunction printers shrinks as offices go paperless.
PwC US
No. of Employees to be Laid off: 1800
Industry: Financial Services
September 2024
PricewaterhouseCoopers’s U.S. unit is laying off about 1,800 workers, its first formal layoffs since 2009, and restructuring its products and technology group to simplify operations and address declining demand for specific advisory services. The company plans to notify those affected, roughly 2.5% of the workforce at the U.S. unit, in October.
LL Flooring
No. of Employees to be Laid off: 2000
Industry: Retail
September 2024
LL Flooring closed nearly 100 of its 442 stores earlier this year and filed for Chapter 11 bankruptcy. As a result of the closures, around 2,000 employees will lose their jobs. The company said that placed flooring installation orders will be completed over the next 30 days, but no new installation orders will be accepted.
Telia
No. of Employees to be Laid off: 3000
Industry: Telecommunication
September 2024
Sweden’s Telia is looking to cut around 15% of its workforce as part of plans to cut annual costs by 2.6 billion Swedish crowns ($253 million). Out of the 3,000 job cuts targeted, about 1,400 will be in Sweden, and the rest will be divided among different countries.
MasOrange
No. of Employees to be Laid off: 759
Industry: Telecommunication
September 2024
Spain’s largest mobile operator, MasOrange, partly owned by France’s Orange, plans to cut up to 795 jobs, or around 10% of the workforce. The company, which resulted in a merger between Orange’s local unit and Spanish rival MasMovil, has more than 30 million mobile customers.”Since the merger, the company has identified redundancies within the workforce…It will affect a maximum of 10% of employees and will be voluntary,” a spokesperson of MasOrange told Reuters.
Edwards Lifesciences
No. of Employees to be Laid off: 540
Industry: Biotechnology
September 2024
Edwards Lifesciences will lay off 3% of its global workforce, about 540 employees, to realign resources and capabilities. The restructuring comes the same week Edwards completed the $4.2 billion sale of its critical care business to BD.
IBM
No. of Employees to be Laid off: 1000
Industry: Technology
August 2024
According to Bloomberg, IBM is set to close a hardware research and development team in China, which will impact less than 1,000 employees. This move comes amid escalating geopolitical tensions between the US and China. The affected team, which focuses on server and storage technology, will see its job functions transferred to other countries, notably India.
Scale AI
No. of Employees to be Laid off: 1000
Industry: Technology
August 2024
Tech startup Scale AI has laid off over 1,000 contract workers at data annotation, a sign of persistent turbulence throughout the tech industry. The cuts were made quietly via email, and company leadership made no official statement.
Tata Steel
No. of Employees to be Laid off: 2800
Industry: Mining & Steel
August 2024
Over 2,000 workers at Tata Steel’s sites in South Wales have applied for voluntary redundancy as part of the company’s plan to cut 2,800 jobs nationwide. Most employees are based in Port Talbot, where the company plans to close its second blast furnace in a month. The first 2,800 workers to lose their jobs are expected to leave the business within weeks.
Klarna
No. of Employees to be Laid off: 1000
Industry: Financial Services
August 2024
Klarna, the buy now, pay later fintech company, has cut over 1,000 jobs as part of a strategic shift towards artificial intelligence.
Mastercard
No. of Employees to be Laid off: 1000
Industry: Financial Services
August 2024
US payments giant Mastercard has confirmed it plans to cut around 3% of its full-time global workforce—around 1,000 employees—as part of organizational changes. The company plans to “redeploy resources into growth areas” as it implements these changes.
SkipTheDishesandJust Eat
No. of Employees to be Laid off: 800
Industry: Restaurant
August 2024
SkipTheDishes and Just Eat cut 800 jobs in Canada amid restructuring. Over 100 Canada-based workers will be laid off in SkipTheDishes. Over 700 staff members who work for its owner Just Eat Takeaway.com will also lose their jobs.
CSIRO
No. of Employees to be Laid off: 500
Industry: Government
August 2024
The national science agency of Australia, CSIRO, will cut up to 500 non-scientific roles as the restructuring of the science agency continues. The organization aims to save around AU$100 million by implementing these reductions,
Cisco
No. of Employees to be Laid off: 7% of Workforce
Industry: Technology
August 2024
Cisco Systems plans to lay off 7% of its employees as it shifts its focus to more rapidly growing areas of technology, such as artificial intelligence and cybersecurity.The company had 84,900 employees as of July 2023. Based on that figure, the number of jobs cut would be about 5,900. In February, Cisco announced it would cut about 4,000 jobs.
Lykos Therapeutics
No. of Employees to be Laid off: 75% of Workforce
Industry: Biotechnology
August 2024
Lykos Therapeutics will reduce its workforce by 75% and initiate some executive changes. This comes days after the U.S. Food and Drug Administration declined approval for its MDMA-based treatment for post-traumatic stress disorder.Lykos, formerly known as MAPS Public Benefit Corp, announced that its founder, Rick Doblin, would be leaving the company’s board.
Stellantis
No. of Employees to be Laid off: 2450
Industry: Automobile
August 2024
Stellantis will indefinitely lay off up to 2,450 U.S. plant workers in Warren, Michigan, later this year as it discontinues production of an older version of its Ram 1500 pickup.
Paramount Global
No. of Employees to be Laid off: 2000
Industry: Manufacturing
August 2024
Paramount Global will cut 15% of its U.S. workforce in the next few weeks—a round of layoffs that will affect about 2,000 employees—ahead of its planned merger with Skydance Media. With the layoffs, Paramount CFO Naveen Chopra said the company expects to record a restructuring charge of $300 million to $400 million in Q3.
Infineon
No. of Employees to be Laid off: 1400
Industry: Technology
August 2024
Infineon will cut 1,400 jobs worldwide and relocate a further 1,400 positions to countries with lower labor costs as part of a previously announced cost savings program. The cuts include canceling several hundred positions at the company’s plant in the southern German city of Regensburg, which had been announced earlier.
TIAA Bank
No. of Employees to be Laid off: 1000
Industry: Banking
August 2024
TIAA, one of the nation’s largest financial firms, informed its employees that it is closing its Denver operations center over the next two years, putting about 1,000 jobs at risk. TIAA will close its Jacksonville, Fla., office in July 2025 and its Denver center,1670 Broadway, in July 2026.
NCR Voyix
No. of Employees to be Laid off: 800
Industry: Retail
August 2024
NCR Voyix, whose technology systems are used by several major C-store retailers in the U.S., laid off workers last week, Trish Nettleship, the company’s chief marketing officer, said in an email to C-Store Dive.
Intel
No. of Employees to be Laid off: 15000
Industry: Technology
July 2024
Intel plans to lay off 15,000 employees, or more than 15% of its workforce. Recent layoffs could have been spurred by economic worries in the midst of a slumping earning season for many companies. However, layoffs specific to the tech industry could also be due to a mad scramble to develop artificial intelligence and capitalize on a trend that hasn’t yet proved to be profitable.
American Electric Power (AEP)
No. of Employees to be Laid off: 1500
Industry: Energy & Utilities
July 2024
About 1,000 American Electric Power employees have taken the company’s voluntary severance offer, which it says is necessary to reduce costs. The company recorded a one-time charge of $94 million, or 18 cents per share, during the April 1-June 30 quarter to pay for the severance program.
Rex Airlines
No. of Employees to be Laid off: 600
Industry: Aviation
July 2024
Rex Airlines has entered voluntary administration after a failed bid to take on major airlines on mainline routes. Capital city routes have been grounded, but regional routes are still operating. The Transport Workers Union says administrators have told them that up to 610 jobs at the airline will be axed.
Carpetright
No. of Employees to be Laid off: 1500
Industry: Retail
July 2024
More than 1,500 Carpetright staff are to lose their jobs despite a deal by rival flooring retailer Tapi to save some of its stores.
Tapi Carpets & Floors has bought the Carpetright brand name, the company’s intellectual property, two warehouses, and 54 stores, saving 308 jobs. However, the remainder of Carpetright’s staff were not included in the deal and will be made redundant immediately or over the coming weeks.
Optum
No. of Employees to be Laid off: 524
Industry: Healthcare
July 2024
Healthcare company Optum is closing clinics in multiple states and laying off 524 employees across California. According to regulatory documents filed July 18, the UnitedHealth Group company will terminate the California employees from Sept. 16 through January 2025 at the clinic and administrative office locations.
Amdocs
No. of Employees to be Laid off: 3000
Industry: Technology
July 2024
Amdocs, a software company with around 29,000 employees globally, is planning to lay off around 3,000 employees as part of its efforts to remain competitive and streamline its operations.
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Latest Layoffs Data By Industry:
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Mercury Marine
No. of Employees to be Laid off: 1700
Industry: Manufacturing
July 2024
After permanently laying off 300 employees last month, Fond du Lac-based outboard motor manufacturer Mercury Marine is temporarily laying off another 1,700 workers. The layoffs will take place one week at a time for a total of between six and eight weeks from now through the end of the year.
Warner Bros. Discovery
No. of Employees to be Laid off: 1000
Industry: Media & Entertainment
July 2024
According to reports, Warner Bros. Discovery plans to lay off under 1,000 employees. This is the latest cut for the media company since its formation more than two years ago.
Fortescue mining company
No. of Employees to be Laid off: 700
Industry: Metals & Mining
July 2024
Billionaire Andrew Forrest is scaling back his plans to turn Australian miner Fortescue Ltd. into a green hydrogen heavyweight. He is blaming high energy prices for the setback that has prompted an overhaul of the group and 700 job cuts.
Intuit
No. of Employees to be Laid off: 1800
Industry: Financial Services
July 2024
Intuit CEO Sasan Goodarzi announced in a letter that it would be laying off 1,800 employees—about 10 percent of its workforce of around 18,000. Intuit will simultaneously hire the same number of new workers as part of a restructuring effort focused on AI.
Redbox
No. of Employees to be Laid off: 1000
Industry: Media & Entertainment
July 2024
Redbox is planning to lay off more than 1,000 workers and shut down its direct-to-consumer streaming service after a federal judge approved a request to convert a bankruptcy case involving its parent company from Chapter 11 to Chapter 7.
Dyson
No. of Employees to be Laid off: 1000
Industry: Consumer Products
July 2024
Dyson plans to lay off 1,000 workers in the U.K. The home appliance maker best known for its high-end vacuum cleaners, fans, and other appliances said the cuts are due to growing competition, including from manufacturers that release copycat designs in Asia.
Stellantis
No. of Employees to be Laid off: 1600
Industry: Automobile
July 2024
Stellantis said its Warren Truck Assembly Plant near Detroit will be down to one daily production shift for at least the next month, resulting in a temporary layoff of about 1,600 workers. The plant, running on two shifts, builds the Jeep Wagoneer and Grand Wagoneer SUVs and the Ram 1500 Classic pickup.
OpenText Corp
No. of Employees to be Laid off: 1200
Industry: Technology
July 2024
OpenText Corp will cut about 1,200 jobs, around 1.7% of its workforce, as part of its new business optimization plan.
The layoffs will cost the information management company nearly C$60 million ($44.01 million).
UPS
No. of Employees to be Laid off: 540
Industry: Logistics & Supply Chain
July 2024
United Parcel Service plans to shut down its Baltimore County distribution warehouse and lay off 540 workers.
Yes Bank
No. of Employees to be Laid off: 500
Industry: Banking
June 2024
YES Bank, a private sector lender, has reportedly started a restructuring exercise resulting in the layoff of at least 500 employees, with the potential for further layoffs shortly. These recent layoffs have affected various sectors within YES Bank, including wholesale and retail operations, but the branch banking segment has mainly borne a significant impact.
ReshaMandi
No. of Employees to be Laid off: 80% of Workforce
Industry: Logistics & Supply Chain
June 2024
Bengaluru-based ReshaMandi, which specializes in silk yarn products, laid off 80% of its workforce as it failed to secure Series B funding. The company has been downsizing its operations since last year.
Natwest
No. of Employees to be Laid off: 1600
Industry: Financial Services
June 2024
NatWest Group Plc will close its operations in Poland by the end of next year as part of a revamp led by new Chief Executive Officer Paul Thwaite. This will result in the loss of about 1,600 jobs in the country.
FedEx
No. of Employees to be Laid off: 2000
Industry: Transportation
June 2024
FedEx plans to lay off up to 2,000 employees in Europe amid cost-cutting efforts. The parcel-delivery giant is continuing its cost-cutting efforts. Operations will be consolidated in countries best aligned with its needs and existing real-estate footprint.
Ford
No. of Employees to be Laid off: 1600
Industry: Automobiles
June 2024
U.S. carmaker Ford has announced plans to cut up to 1,600 jobs at its assembly plant in Valencia, Spain. This move comes after the company reduced its workforce by 1,100 employees at the same location last year.
Vodafone Spain
No. of Employees to be Laid off: 1200
Industry: Telecommunication
June 2024
Vodafone Spain plans 1,200 job cuts after acquisition by Zegona.
Zachary Holding
No. of Employees to be Laid off: 4000
Industry: Technology
June 2024
Zachry Holdings laid off over 4,000 workers after filing for bankruptcy. The San Antonio-based construction firm pursued the measure after experiencing financial issues as the lead contractor on the Golden Pass LNG export terminal project in Sabine Pass, Texas. Employees in Jefferson, Harris, and Orange counties are affected.The roles included carpenters, concrete workers, electricians, and a slew of other workers who contributed to the development.
Microsoft
No. of Employees to be Laid off: 1500
Industry: Technology
June 2024
Microsoft will lay off around 1,500 employees under its Azure cloud unit, impacting teams including Azure for Operators and Mission Engineering.Microsoft spokesperson told Reuters that the layoffs are a “regular” and “necessary” part of the business.
Hino Motors
No. of Employees to be Laid off: 1300
Industry: Automobile
June 2024
Hino Motors, a Toyota subsidiary, will shut down its largest auto parts plant in the U.S. because of concerns about a difficult path to “sustainable profitability.” The facility, which employs some 1,300 workers, is scheduled to shut down by the end of 2027.
Ola Electric
No. of Employees to be Laid off: 500
Industry: Automobile
June 2024
Ola Electric, ahead of its initial public offering (IPO), is deliberating on laying off approximately 400-500 employees in the coming weeks. The move is part of founder Bhavish Aggarwal’s strategy to streamline operating costs.
Telstra
No. of Employees to be Laid off: 2800
Industry: Telecommunication
May 2024
Telstra Group Limited plans to lay off 2,800 workers to overhaul its business operations. With this move, the company began transforming its Enterprise business. Telstra Group is an Australian telecommunications company offering diverse communication and technology services. Its mobile segment is the nation’s largest based on user base and coverage.
Guild
No. of Employees to be Laid off: 300
Industry: Education
May 2024
Denver-based Guild, an online worker training platform, laid off a quarter of its employees. When asked, the company didn’t specify the number of workers being laid off. However, based on an estimated headcount of 1,200 employees, about 300 people would have lost their jobs. The latest round of layoffs comes a year after the company released 172 workersor about 12% of its workforce.
Indeed
No. of Employees to be Laid off: 1000
Industry: Technology
May 2024
Indeed’s CEO, Chris Hyams, announced that the job search site with major Stamford offices will lay off 1,000 employees—8 percent of its workforce—on May 13. “Unlike last year, when our reduction was driven by cost savings, we are taking this action because we need to simplify our organization to make it easier and faster for us to make decisions and help us grow revenue and hires more effectively,” Hyams said in a letter to employees.
Motional
No. of Employees to be Laid off: 550
Industry: Auto Technology
May 2024
Autonomous vehicle company Motional recently announced that it was laying off approximately 550 employees, around 40% of its workforce. The layoffs, which include several divisions and senior managers, highlight how extensive the company’s restructuring initiatives have been.
Citi Group
No. of Employees to be Laid off: 4500
Industry: Banking
May 2024
Citigroup has announced plans to cut 4,500 jobs worldwide in an effort to reduce costs. According to its chief executive, Vikram Pandit, the group has set aside $400m (£250m) to pay for the cuts.
Vacasa
No. of Employees to be Laid off: 800
Industry: Tourism
May 2024
Embattled vacation rental management company Vacasa will lay off 13% of its workforce—about 800 people—as it seeks to reorganize operations.
TSB Banking Group
No. of Employees to be Laid off: 250
Industry: Banking
May 2024
High Street Bank TSB has announced 250 job losses and the closure of 36 branches. The job cuts will affect the bank’s fraud operations department, central operations,and staff who work at the branches earmarked for closure.
Tesla
No. of Employees to be Laid off: 6020
Industry: Automobile
April 2024
Teslawill cut 3,332 jobs in California and 2,688 jobs in Texas, taking the total count to 6,020 as it reels under pressure from dropping sales and an intensifying price war among EV makers.
Bristol Myers Squibb
No. of Employees to be Laid off: 740
Industry: Pharmaceutical
April 2024
Bristol Myers Squibb plans to lay off around 2000 employees as part of restructuring. The massive restructuring plans included in its first-quarter earnings report detail an overhaul across the business, including site closures and a “pipeline rationalization.”
Southwest Airlines
No. of Employees to be Laid off: 2000
Industry: Aviation
April 2024
Southwest Airlineswill cut 2,000 jobs and cease operations at four airports, partly to address “significant challenges” caused by delays in Boeing aircraft deliveries.
Nike
No. of Employees to be Laid off: 740
Industry: Retail & e-Commerce
April 2024
Nike has laid off 740 workers at its headquarters in Oregon as part of a company restructuring plan. This filing is the start of a second wave of layoffs. The company had previously laid off several workers in February.
Tesla
No. of Employees to be Laid off: 10% of Workforce
Industry: Automobile
April 2024
Tesla will lay off more than 10% of its global workforce, according to a memo sent to employees by CEO Elon Musk. “As we prepare the company for our next phase of growth, it is extremely important to look at every aspect of the company for cost reductions and increasing productivity,” Musk said in the memo obtained by CNBC.
Apple
No. of Employees to be Laid off: 600
Industry: Technology
April 2024
According to filings with the California Employment Development Department, Apple has laid off more than 600 employees in California as part of its decision to end its car and smartwatch display projects.
Quaker Oat
No. of Employees to be Laid off: 500
Industry: Technology
April 2024
The Quaker Oats factory in Illinois city is closing permanently, laying off more than 500 employees. The company said the factory, which operated for 65 years, would have needed enhancements to be modernized, so the difficult decision was made to shut down for good.
Hartford Public Schools
No. of Employees to be Laid off: 400
Industry: Education
April 2024
Hartford Public Schools will cut nearly 400 positions next school year due to a massive budget deficit. The district, which faces a $77 million deficit, said the cuts are necessary because of soaring costs and stagnant city funding.
Dell Technologies
No. of Employees to be Laid off: 6000
Industry: Technology
March 2024
Dell Technologies will reduce its global workforce by approximately 5%, equating to 6,000 employees, to streamline operations and manage costs effectively.
Stellantis
No. of Employees to be Laid off: 2500
Industry: Automobile
March 2024
Stellantis has reached voluntary deals to cut at least 2,500 jobs in Italy. According to the labor unions, the carmaker is trying to adapt to changes needed for the industry’s transition to clean energy.
Vodafone Germany
No. of Employees to be Laid off: 366
Industry: Financial Services
March 2024
Vodafone Germany aims to save around 400 million euros ($434.48 million) over the next two years as part of a restructuring that will hit 2,000 jobs.
Metro Bank
No. of Employees to be Laid off: 1000
Industry: Banking
March 2024
Metro Bank plans to slash 1,000 jobs and discontinue its iconic seven-day branch model, as part of an extensive cost-saving initiative. This follows a significant expansion of its cost-cutting strategy post-autumn rescue deal.
PwC Australia
No. of Employees to be Laid off: 366
Industry: Financial Services
March 2024
PwC Australia will lay off 366 jobs as part of widespread cuts. The firm’s 7200-strong staff were informed that 329 staff and up to 37 partners were losing their jobs through major restructuring.
Spruce
No. of Employees to be Laid off: 21% of the Workforce
Industry: Biotechnology
March 2024
Spruce plans to cut about 21% of its workforce as part of a cost-saving plan. The affected employees would have a termination date of March 31.
Alshaya Group
No. of Employees to be Laid off: 2000
Industry: Hospitality
March 2024
Alshaya Group, a Kuwait-based franchise operator with the rights to operate Starbucks in the Middle East, plans to cut 2,000 jobs across the region “due to the continually challenging trading conditions over the last six months.
Lumentum
No. of Employees to be Laid off: 750
Industry: Telecommunications
March 2024
Lumentum, a leading designer and manufacturer of optical and photonic products, is reducing its workforce by 10%, impacting around 750 individuals, as part of its global restructuring plan.
Expedia
No. of Employees to be Laid off: 1500
Industry: Tourism & Hospitality
February 2024
Expedia, the online travel agency, has eliminated about 1,500 employees as part of an “organizational and technological transformation.” The cuts, which amount to nearly 9% of its global workforce, come amid slowing travel demand following a post-pandemic boom.
Northrop Grumman
No. of Employees to be Laid off: 1000
Industry:
February 2024
Northrop Grumman is preparing to cut as many as 1,000 jobs at its Space Park facility in Redondo Beach after the US Space Force canceled a contract to develop a military communications satellite.
Sony
No. of Employees to be Laid off: 900
Industry: Consumer Products
February 2024
Sony will cut 900 jobs, or 8%, in PlayStation’s global workforce. The layoffs will impact all regions for Sony Interactive Entertainment,
Continental AG
No. of Employees to be Laid off: 7150
Industry: Automobile
February 2024
German auto supplier Continental AG will eliminate nearly 7,150 jobs worldwide by 2025. The group would lay off 1,750 jobs in research and development, including 380 at software subsidiary Elektrobit.
Cisco Systems
No. of Employees to be Laid off: 4000
Industry: Technology
February 2024
Cisco Systems will cut 5% of its global workforce, or more than 4,000 jobs, and lowered its annual revenue target as the company navigates a tough economy.
ThyssenKrupp AG
No. of Employees to be Laid off: 2370
Industry: Steel & Mining
February 2024
German conglomerate Thyssenkrupp AG will cut 3,000 jobs and invest 4.2 billion euros ($4.6 billion) in its struggling steel division by 2026 as part of a wage deal struck with powerful labor union IG Metall.
Nike
No. of Employees to be Laid off: 1600
Industry: Consumer Products
February 2024
Nike plans to lay off around 1,600 employees, or about 2% of its global workforce, as part of a $2 billion cost-cutting strategy.
Bell Media
No. of Employees to be Laid off: 4800
Industry: Media & Entertainment
February 2024
Bell Media is ending multiple television newscasts and making other programming cuts after its parent company announced widespread layoffs and the sale of 45 of its 103 regional radio stations. The company will lay off around 4,800 jobs. Fewer than 10 percent of the total job cuts are at Bell Media.
Estee Lauder
No. of Employees to be Laid off: 3100
Industry: Consumer Products
February 2024
Estee Lauder would be laying off between 3% and 5% of its staff, impacting about 3100 employees, in order to reduce its expenses.
Ford
No. of Employees to be Laid off: 2,700
Industry: Automobile
February 2024
Ford has agreed with union chiefs to cut about 2,700 jobs from a German plant as it switches electric vehicle production to Spain. The jobs will be lost at the Saarlouis plant once production of the Ford Focus stops there next year.
Miele
No. of Employees to be Laid off: 2,700
Industry: Retail
February 2024
German household appliance manufacturer Miele is planning to axe up to 2,700 jobs as low demand and rising costs forced the group to make cuts.
UPS
No. of Employees to be Laid off: 12,000
Industry: Logistics & Supply Chain
February 2024
UPS will cut 12,000 jobs as part of a bid to save $1 billion in costs. Managers and contractor positions will make up most of the layoffs.
Deutsche Bank
No. of Employees to be Laid off: 3500
Industry: Banking & Financial Services
February 2024
Deutsche Bank would cut 3,500 jobs, buy back shares and pay dividends, after posting a 30% drop in fourth-quarter profit.The bank had already announced plans to trim headcount and the jobs affected will be back office roles.
American Airlines
No. of Employees to be Laid off: 656
Industry: Aviation
February 2024
American Airlines to lay off 656 workers as it consolidates. Customer support workers in Phoenix and Dallas-Fort Worth will lose their jobs as the airlines aims to streamline response.
Okta
No. of Employees to be Laid off: 400
Industry: Technology
February 2024
Okta has eliminated 400 full-time jobs as part of a “restructuring plan,” representing 7 percent of its staff.The new round of layoffs comes a year after Okta disclosed it was cutting 300 employees, which had represented 5 percent of the identity security vendor’s global workforce at the time.
Microsoft
No. of Employees to be Laid off: 1900
Industry: Technology
January 2024
Microsoft will lay off around 1,900 employees in its gaming unit, or around 9% of its workforce.Microsoft Gaming CEO Phil Spencer said the layoffs were part of a larger “execution plan” to reduce overlap areas.
Lloyds Banking Group
No. of Employees to be Laid off: 1600
Industry: Banking
January 2024
Lloyds Banking Group plans to lay off around 600 employees across its branches to push its online banking services. However, the British lender will also add around 830 jobs to its relationship-growth team to improve customer service through phone and video calls.
Valeo
No. of Employees to be Laid off: 1150
Industry: Automobile
January 2024
French automotive supplier Valeo will cut 1,150 jobs worldwide as it merges units manufacturing parts for hybrid and electric vehicles.
eBay
No. of Employees to be Laid off: 1000
Industry: E-Commerce
January 2024
EBay plans to lay off 9% of the company’s workforce, which is equal to about 1,000 full-time jobs, as the tech industry continues to downsize to start in 2024.
Corning Inc.
No. of Employees to be Laid off: 1000
Industry: Manufacturing
January 2024
Corning Incorporated, a leading materials science company, has laid off around 2% of its global workforce, which affects around 1,000 employees.
Salesforce
No. of Employees to be Laid off: 700
Industry: Technology
January 2024
Salesforce is laying off about 700 employees, or roughly 1% of its global workforce. The job cuts follow a wave of U.S. tech layoffs after the industry hired heavily during the pandemic,
Tata Steel
No. of Employees to be Laid off: 2800
Industry: Manufacturing
January 2024
Indian firm Tata Steel announced Friday it will close both blast furnaces at its plant in Port Talbot, Wales, eliminating 2,800 jobs, as part of plans to make its unprofitable U.K. operation leaner and greener.
Macy’s
No. of Employees to be Laid off: 2000
Industry: Retail
January 2024
Department store chain Macy’s plans to lay off about 13% of its corporate staff and close five stores to trim costs and redirect spending to improve the customer experience. Macy’s has rejected a $5.8 billion offer to take the iconic department store private as it prepares to slash costs amid ongoing struggles.
Wayfair
No. of Employees to be Laid off: 1650
Industry: Retail
January 2024
Online home goods retailer Wayfair is laying off approximately 1,650 employees, representing about 13% of its global workforce. The move is expected to save the company more than $280 million annually.
Bosch
No. of Employees to be Laid off: 1200
Industry: Consumer Goods
January 2024
Automotive supplier Bosch wants to cut 1,200 jobs in its software development division by the end of 2026. Talks with employee representatives had yet to start, referring to the proposed job cuts as planned but not yet finalized.
Citi Group
No. of Employees to be Laid off: 20,000
Industry: Banking
January 2024Citigroup, the parent company of Citibank, plans to cut 20,000 jobs over the next two years. The layoffs are part of restructuring plans instituted by Chief Executive Officer (CEO) Jane Fraser to simplify the bank’s operations.
No. of Employees to be Laid off: 1000
Industry: Technology
January 2024
Google has cut around 1000 jobs in many of its divisions, including its core engineering and hardware divisions. The Verge reports that job cuts are hovering around a thousand within teams focusing on Pixel phones, Nest smart thermostats, Fitbit watches, and Google Assistant.
Unity Software
No. of Employees to be Laid off: 1800
Industry: Technology
January 2024
Unity Software would lay off about 1,800 employees, or 25% of its overall workforce. The gaming technology company said in a regulatory filing that the cuts are part of a corporate restructuring plan.
GDI Integrated Facilities Services
No. of Employees to be Laid off: 1867
Industry: Consumer Services
January 2024
GDI Integrated Facilities Services, a Montreal janitorial and cleaning services company, is cutting 1,867 employees in the United States, including 438 across Florida, after its contract to work at some Amazon warehouses was canceled.
Twitch
No. of Employees to be Laid off: 500
Industry: Media
January 2024
Amazon’s live streaming platform, Twitch, would cut 500 employees or 35% of its workforce.“As you all know, we have worked hard over the last year to run our business as sustainably as possible,” wrote Twitch CEO Dan Clancy in a blog post. “Unfortunately, we still have work to do to rightsize our company, and I regret having to share that we are taking the painful step of reducing our headcount by just over 500 people across Twitch.”
Telefonica
No. of Employees to be Laid off: 3421
Industry: Telecommunication
January 2024
Spanish telecoms group Telefonica, in a deal with unions, plans to lay off up to 3,421 employees in Spain. The plan will cost around 1.3 billion euros before taxes as it seeks to reduce costs.
Enphase Energy
No. of Employees to be Laid off: 340
Industry: Energy & Utilities
January 2024
Solar company Enphase Energy will lay off 10% of its workforce. Enphase produces inverters that convert the energy the panels collect into usable household power.
Johnsonville
No. of Employees to be Laid off: 400
Industry: Consumer Products
January 2024
Johnsonville, LLC will close one of its plants by the end of the year as the result of a local acquisition, impacting nearly 400 workers.
Xerox
No. of Employees to be Laid off: 15% of Workforce
Industry: IT Services & Outsourcing
January 2024
Xerox, the IT corporation behind ubiquitous office equipment like scanners and printers, is laying off 15% of its workforce as part of a so-called “reinvention” strategy. The cut would affect some 3,000 positions.
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