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 API and Web dashboard.
Since January 1st, 2023, 5009+ companies have announced mass layoffs. [Last update: November 20, 2023].
Layoff Tracker 2023 – Recent Layoffs of The Week
- December 01, 2023 – U.S. sportswear and footwear company VF Corp. has laid off about 500 employees globally.
- November 30, 2023 -Metro Bank cuts 20% of workforce as it ‘reviews’ seven-day opening hour.
- November 29, 2023 – Dataminr, the big data startup valued at $4.1 billion, is laying off 20% of its workforce, or around 150 employees.
- November 28, 2023 – Britain’s Lloyds Bank shake-up puts around 2,500 jobs at risk.
- November 27, 2023 – TikTok parent ByteDance starts mass layoffs in gaming
Major Layoffs and Hiring Freezes in 2023
Capita
No. of Employees to be Laid off: 900
Industry: IT Services & Outsourcing
November 2023
Capita, which runs services for local councils, the military, and the NHS and manages the BBC TV license fee, plans to cut 900 jobs to save costs. The outsourcing group said the cuts would affect mainly support function employees rather than customer-facing staff.
Nien Hsing Textile Co.
No. of Employees to be Laid off: 700
Industry: Textiles
November 2023
Due to falling orders, Nien Hsing Textile Co., one of Taiwan’s leading denim fabric and jeans makers, would close its factory in Miaoli County’s Houlong Township. The closure would impact over 700 workers.
Surefox North America
No. of Employees to be Laid off: 386
Industry: Security
November 2023
According to WARN documents, Surefox North America, a security company serving multiple Google offices, will let go of around 386 workers in December. Surefox markets itself as “physical risk management solutions for individuals and businesses.
Stellantis
No. of Employees to be Laid off: 6400 (buyout)
Industry: Automobile
November 2023
Chrysler parent Stellantis has offered buyouts to roughly 6,400 of its 12,700 employees. This will help to reduce headcount and cut costs of the automaker’s North American operations.
HannesBrands
No. of Employees to be Laid off: 1592
Industry: Retail
November 2023
U.S. apparel company HanesBrands will close one of its plants in El Salvador, laying off around 1592 employees.
Alstom
No. of Employees to be Laid off: 1500
Industry: Manufacturing
November 2023
France-based Alstom, which manufactures high-speed trains, plans to lay off 10% of its employees, or about 1,500 workers. The firm also might sell more of its shares to raise money to bolster its balance sheet by 1 billion euros.
Embracer Group
No. of Employees to be Laid off: 900
Industry: Technology
November 2023
Embracer Group, the Swedish video game and media holding corporation responsible for a wide range of intellectual properties and game studios, has laid off 900 employees over the past three months.
Maersk
No. of Employees to be Laid off: 10,000
Industry: Shipping & Ports
November 2023
Shipping and logistics giant Maersk would cut more than 10,000 jobs as a pandemic-fueled cargo boom ended, leaving the industry with a surplus of ships and sharply lower freight rates. Maersk saw its third-quarter profit plummet to $521 million from $8.88 billion last year.
Block
No. of Employees to be Laid off: 1000
Industry: Technology
November 2023
Block, a tech firm specializing in financial services, will eliminate nearly 1,000 jobs in its upcoming layoffs. Twitter’s Jack Dorsey, the company’s founder, indicated this intention in a recent third-quarter shareholder letter, aiming to keep the employee count below 12,000.
Pico Interactive
No. of Employees to be Laid off: 2000
Industry: Technology
November 2023
Pico is laying off around 2000 employees as it works to “restructure” its business.
Viasat
No. of Employees to be Laid off: 800
Industry: Telecommunication
November 2023
Viasat is laying off 800 employees, about 10% of its workforce, as it is integrating the Inmarsat business post-acquisition. The layoffs will be spread across the business regarding geographies and divisions.
Charles Schwab
No. of Employees to be Laid off: 2000
Industry: Financial Services
November 2023
Charles Schwab has laid off about 5% to 6% of its employees, amounting to roughly 2,000 people, as it looks to cut costs. A Schwab spokesperson said these “were hard but necessary steps to ensure Schwab remains highly competitive, with industry-leading levels of efficiency, well into the future.”
TVA Group
No. of Employees to be Laid off: 500
Industry: Media & Entertainment
November 2023
TVA Group would eliminate 547 positions, including 300 in-house production positions, 98 operations positions, and 149 positions in other departments, after suffering from “shrinking audiences, declining subscriptions, and falling advertising revenues.
Splunk
No. of Employees to be Laid off: 560
Industry: Technology
November 2023
Splunk layoffs will impact around 500 of the company’s employees ahead of its acquisition by Cisco. Most of the cuts will take place in California. CEO Gary Steele said the Splunk layoffs in a U.S. Securities and Exchange Commission (SEC) filing and letter to employees.
Pfizer
No. of Employees to be Laid off: 800
Industry: Biotechnology
October 2023
Following prior rounds of cuts in Illinois and Colorado, Pfizer is downsizing in New Jersey, according to a WARN alert. Pfizer plans to close its NJ facility in early 2024. Seven hundred ninety-one positions are affected, and the “vast majority” of workers will be reassigned to Pfizer’s New York Headquarters.
VW Group
No. of Employees to be Laid off: 2000
Industry: Automobile
October 2023
Volkswagen plans to cut 2,000 jobs at its troubled software unit Cariad as part of a restructuring plan that will delay its long-awaited new software architectures even further.
British Steel
No. of Employees to be Laid off: 2000
Industry: Metal & Mining
October 2023
British Steel is preparing to cut as many as 2,000 jobs as it battles losses believed to be running at £30m a month. The cuts, which amount to almost half of the firm’s 4,500 workforce, are part of a switch to greener steel production using electric arc furnaces instead of polluting blast furnaces, which use coke to melt iron ore.
AGCO
No. of Employees to be Laid off: 900 (Furlough)
Industry: Manufacturing
October 2023
AGCO will temporarily furlough up to 900 employees to “upgrade critical systems” at the company’s Hesston, Kansas, plant. The furloughed employees will get supplemental pay and retention bonuses.
Fox Fashion
No. of Employees to be Laid off: 50% of Employees (Furlough)
Industry: Retail
October 2023
Israeli retail fashion chain Fox Group has decided to furlough 30% to 50% of its staff across the country because of the economic repercussions of the ongoing war with the Hamas terror group.
AMD
No. of Employees to be Laid off: 450
Industry:
October 2023
AMD plans to lay off up to 450 people from the Radeon GPU Division in Shanghai, China, as profits drop by 94% YoY.
Nokia
No. of Employees to be Laid off: 14000
Industry: Telecommunication
October 2023
In a major cost-cutting drive, Nokia will lay off up to 14,000 jobs to address a “weaker” market environment. The Finnish telecom giant, a major provider of 5G equipment, employs 86,000 people.
Rolls-Royce
No. of Employees to be Laid off: 2500
Industry: Aviation
October 2023
Aircraft engine maker Rolls-Royce will slash up to 2,500 jobs worldwide in a bid to streamline its operations. Britain’s flagship engineering firm, which makes engines for Boeing (BA) and Airbus planes, said the cuts were part of a broader strategic overhaul to “remove duplication and deliver cost efficiencies.” The restructure will lead to between 2,000 and 2,500 job losses from a global workforce 42,000, a cut of around 6%.
International Paper
No. of Employees to be Laid off: 900
Industry: Media
October 2023
International Paper will permanently close its containerboard mill in Orange, Texas, and end production at two of its pulp machines in North Carolina and Florida. This would result in an estimated 900 layoffs as part of an optimization plan.
No. of Employees to be Laid off: 668
Industry: Technology
October 2023
Microsoft’s LinkedIn would lay off 668 employees across its engineering, talent, and finance teams in the second round of job cuts this year amid slowing revenue growth. The cuts, which affect more than 3% of the 20,000-strong staff, add to the tens of thousands of job losses this year in the technology sector in the face of an uncertain economic outlook.
Qualcomm
No. of Employees to be Laid off: 1260 (2.5% of the workforce)
Industry: Technology
October 2023
Qualcomm is to trim its workforce by 2.5 percent, with the layoffs reportedly happening in its Santa Clara and San Diego offices. Both facilities will remain functional, with the job cuts said to be effective starting December’23.
Sana Biotechnology
No. of Employees to be Laid off: 29% of the workforce
Industry: Healthcare
October 2023
Sana Biotechnology, a startup that had raised over $1 billion a couple of years ago with plans to create a portfolio of powerful medicines, would lay off nearly a third of its employees. According to the SEC filing, the company said it is increasing focus on its ex vivo cell therapy product candidates, resulting in a “strategic re-positioning” and delaying other projects.
Stellantis
No. of Employees to be Laid off: 700
Industry: Technology
October 2023
With the UAW strike against the Detroit automakers continuing, Stellantis has temporarily laid off 700 additional employees. The automaker released a statement saying the additional layoffs were prompted due to the ongoing strike at the Toledo Assembly Complex.
Qualtrics
No. of Employees to be Laid off: 780 (14% of the workforce)
Industry: Technology
October 2023
Qualtrics, the experience-management software company, is laying off about 780 employees -14% of its workforce, to reduce costs and restructure its organization. The company is cutting jobs to address the internal complexity of its past hiring and growth.
Hopper
No. of Employees to be Laid off: 30% of Workforce
Industry: Tourism & Hospitality
October 2023
Travel app Hopper has laid off nearly 250 employees, or 30 percent of its workforce. Most of the employees laid off were in the United States or internationally.
General Motors and Ford Motor
No. of Employees to be Laid off: 900
Industry: Automobile
October 2023
General Motors and Ford are laying off almost 900 additional workers between them, blaming the expansion of the strike announced by the United Auto Workers union.
Pushkin Industries
No. of Employees to be Laid off: 30% of Workforce
Industry: Media & Entertainment
September 2023
Bestselling author Malcolm Gladwell’s company, Pushkin Industries, is laying off over 30% of its workforce and shaking up its leadership team. This aligns with the podcast industry, which continues to recalibrate after years of expensive deals and growth.
Byju’s
No. of Employees to be Laid off: 5000
Industry: Edutech
September 2023
Edtech major Byju’s is to lay off around 5,000 employees in a “business restructuring exercise to pare down costs amid a broad restructuring of its business following a delayed IPO and pressure from lenders.” The restructuring exercise is being undertaken under the leadership of new CEO Arjun Mohan.
Centene Corp.
No. of Employees to be Laid off: 2000
Industry: Healthcare
September 2023
Centene Corp. plans to lay off about 2,000 employees, about 3% of its workforce, as it confronts “headwinds” from two federal government programs.
Epic Games
No. of Employees to be Laid off: 830
Industry: Gaming Technology
September 2023
Epic Games, the company behind the popular video game Fortnite, is laying off about 830 employees, or 16% of its workforce, as it tries to improve financial stability.
Airtable
No. of Employees to be Laid off: 27% of Employees
Industry: Technology
September 2023
Airtable, a low-code platform for building collaborative apps, has laid off about 27% of the workforce, or 237 employees, in the second round of job cuts.
Deloitte UK
No. of Employees to be Laid off: 800 (3% of Employees)
Industry: Financial Services
September 2023
The 27,000-strong workforce of Deloitte UK may be reduced by over 800. The professional services firm plans to reduce its team in the UK by three percent.
Ford
No. of Employees to be Laid off: 600
Industry: Automobile
September 2023
Ford Motor Company has temporarily laid off 600 workers at the Michigan Assembly Plant amid the United Auto Workers strike.
Goodyear
No. of Employees to be Laid off: 1200
Industry: Manufacturing
September 2023
Goodyear Tire & Rubber has approved a rationalization and workforce reorganization plan in Europe, the Middle East and Africa that would lead to 1,200 job cuts
Slalom Consulting
No. of Employees to be Laid off: 900
Industry: Financial Services
September 2023
Seattle-based business and technology firm Slalom Consulting laid off about 900 employees in a workforce reduction.
Roku
No. of Employees to be Laid off: 10% of its Employees
Industry: Media & Entertainment
September 2023
Roku, the streaming service company, has laid off 10% of its workforce – about 300 people – to cut costs. In addition to the layoffs, it would slow its pace of hiring, consolidate office space, reduce its outside services, and perform “a strategic review of its content portfolio” to save money.
Wilko
No. of Employees to be Laid off: 1300
Industry: Retail
September 2023
British household goods company Wilko has collapsed owing to big debts. It has impacted about 12,000 jobs as high inflation and interest rates hurt consumers and businesses.
Tyson Foods
No. of Employees to be Laid off: 4600
Industry: Consumer Products
August 2023
The Tyson Foods plant announced the closure of its 6 facilities and the layoff of more than 4,600 workers in Arkansas, Indiana, Missouri, and Virginia.
Farmers Insurance
No. of Employees to be Laid off: 2400 (11% of Employees)
Industry: Insurance
August 2023
Farmers Insurance plans to lay off 11% of its workforce — about 2,400 employees — as part of a corporate restructuring to increase its efficiency and long-term profitability.
T-Mobile
No. of Employees to be Laid off: 5000
Industry: Telecommunication
August 2023
T-Mobile plans to lay off 5,000 employees, or around 7% of its total staff, over the next five weeks.
Royal Bank of Canada (RBC)
No. of Employees to be Laid off: 1800
Industry: Banking & Financial Services
August 2023
Royal Bank of Canada (RBC) plans to cut about 1,800 jobs after Canada’s largest bank beat analysts’ estimates for the third quarter.
GM
No. of Employees to be Laid off: 936
Industry: Automobile
August 2023
GM to close Chandler IT Innovation Center and lay off 936 workers.
Giant Foods
No. of Employees to be Laid off: 400
Industry: Restaurant
August 2023
Giant Food to shutter three delivery warehouses, eliminating 400 jobs. The grocery chain will shutter fulfillment centers in Maryland, Virginia and Delaware.
Matheson
No. of Employees to be Laid off: 335
Industry: Logistics
August 2023
Matheson, a truck freight forwarding and aircraft support service provider, has laid off 335 employees at its Atlanta office. The decision comes nearly a year after the Sacramento, California-headquartered company filed for voluntary Chapter 11 bankruptcy.
Klaussner Furniture Industries
No. of Employees to be Laid off: 800
Industry: Retail
August 2023
Klaussner shut down operations after 60 years on Aug. 7, letting go of 893 employees in Randolph County following an inability to access additional funding from its lender.
Cano Health
No. of Employees to be Laid off: 700
Industry: Healthcare
August 2023
Membership-based primary care provider Cano Health is laying off 700 employees, exiting four markets – California, New Mexico, Illinois. and Puerto Rico. Around 40% of the layoffs are tied to the company’s pending exit from above markets.
Credit Suisse
No. of Employees to be Laid off: 80% of Employees
Industry: Financial Services
August 2023
Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be made redundant starting this week, two people with knowledge of the matter said, as part of the bank’s integration with UBS Group.
Emergent BioSolutions
No. of Employees to be Laid off: 400
Industry: Biopharmaceutical
August 2023
Emergent to lay off around 400 to move away from contract manufacturing. The job cuts will affect “all areas of the company” and lead to over $100 million annual savings.
Yellow Corp
No. of Employees to be Laid off: 30000
Industry: Transportation
August 2023
Yellow Corp., a 99-year-old trucking company, once a dominant player in its field, has halted operations and laid off all 30,000 workers.
Telus
No. of Employees to be Laid off: 6000
Industry: Telecommunication
August 2023
Telecommunications company Telus is laying off 6,000 jobs, citing its need to free up cash flow and remain competitive. The cuts involve 4,000 positions at its main Telus business and 2,000 at Telus International, including offers of early retirement and voluntary departure packages.
CVS Health
No. of Employees to be Laid off: 5000
Industry: Healthcare
August 2023
CVS Health is eliminating about 5,000 jobs to reduce costs as it focuses on healthcare services. The cuts represent less than 2% of the company’s workforce, comprising roughly 300,000 employees.
BCE
No. of Employees to be Laid off: 5000
Industry: Telecommunication
August 2023
Canada’s top broadcaster, BCE, has laid off 1,300 jobs and closed or sold nine radio stations in a major reorganization, citing dwindling audiences, slumping advertising, and a regulatory environment too slow to adapt.
AT&T
No. of Employees to be Laid off: 1000
Industry: Telecommunication
August 2023
AT&T Inc.’s human resources chief, Angela Santone, will leave the company at the end of September, just as the telecommunications giant eliminates thousands of jobs as part of a newly expanded $8 billion cost-reduction program.
Accenture
No. of Employees to be Laid off: 890
Industry: Technology
August 2023
Accenture plans to cut around 890 jobs from its Irish operations on top of the 400 staff let go earlier this year. The layoffs are part of a round of global job reductions announced in March.
Ericsson
No. of Employees to be Laid off: 750
Industry: Technology
August 2023
Ericsson has informed its employees in North America about impending job cuts, which will impact up to 750 employees. In February, Ericsson officially announced a global workforce reduction of 8,500 jobs. Starting from October 1, 2023, all of Ericsson’s field services in the US will be carried out by “external providers,” with a separation date set for September 29, 2023.
Microsoft
No. of Employees to be Laid off: 1000
Industry: Technology
July 2023
Microsoft cut its headcount by 1,000 jobs, mostly in sales and customer services. The layoff affected 276 employees in the Seattle area.
Lendlease
No. of Employees to be Laid off: 750
Industry: Real Estate
July 2023
Australia-based developer and contractor Lendlease has laid off about 10% of its global workforce. The layoffs affected about 740 jobs, about 5% of Australian staff and 15% elsewhere.
Regina Miracle
No. of Employees to be Laid off: 8400
Industry: Consumer Products
July 2023
Global renowned lingerie manufacturer Regina Miracle has laid off 8,400 employees at its factory in Vietnam within a year due to a decline in export orders. Founded in Hong Kong, China, Regina Miracle is a major lingerie production hub for many well-known global brands, such as Victoria’s Secret.
Amdocs
No. of Employees to be Laid off: 2000
Industry: Technology
July 2023
Amdocs is laying off around 2,000 employees, 6.5% of the workforce, in another round of cutbacks. In Israel, the reduction rate will be slightly lower, with Amdocs bidding farewell to 200 employees out of the 5,000 employed in the country.
Viaplay
No. of Employees to be Laid off: 1000
Industry: Media & Entertainment July 2023 Viaplay, the streaming service, has laid off around 1,000 employees, or more than half of its workforce, as part of a restructuring effort, which is facing financial difficulties.
Wall Green Boots
No. of Employees to be Laid off: 393
Industry: Pharmaceutical July 2023 Walgreens Boots Alliance has laid off almost 400 employees at its e-commerce shipping center in Edwardsville, Illinois. The layoffs came six weeks after the drugstore giant announced plans to cut 504 corporate jobs in Chicago and Deerfield.
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Latest Layoffs Data By Industry:
- Pharma, Life Science & Biotech Layoffs News & Data
- Insurance Layoffs News & Data
- Media & Entertainment Layoffs News & Data
- Retail & E-commerce Layoffs News & Data
- Technology Layoffs News & Data
- Healthcare Layoffs News & Data
- Banking & Financial Services Layoffs News & Data
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Xiaomi
No. of Employees to be Laid off: 500
Industry: Technology
June 2023
Xiaomi has reduced its headcount in India and shifted most of its decisions to its parent company in China. It has laid off around 500, bringing the headcount to less than 1000.
GKN Aerospace
No. of Employees to be Laid off: 700
Industry: Aviation
June 2023
GKN Aerospace, one of the St. Louis region’s largest manufacturers, plans to shut down its Hazelwood plant and lay off over 700 workers.
Virgin Media O2
No. of Employees to be Laid off: 2000
Industry: Telecommunication
June 2023
Virgin Media O2 has become the latest telco planning to cut between 800 to 2,000 jobs in the UK. The company is a product of a merger between Virgin Media and O2 and comprises mobile, broadband, TV, and home phone services, serving over 47 million customers in the country.
UBS Group
No. of Employees to be Laid off: 35000
Industry: Banking & Financial Services
June 2023
UBS Group plans to cut over half of Credit Suisse Group’s workforce after the bank’s emergency takeover. Bankers, traders, and support staff in Credit Suisse’s investment bank in London, New York, and in some parts of Asia are expected to bear the brunt of the cuts, with almost all activities at risk.
Autoliv
No. of Employees to be Laid off: 8000
Industry: Automotive
June 2023
Autoliv, the world’s largest manufacturer of airbags and seatbelts, plans to cut its workforce by approximately 8,000, to accelerate cost savings in response to surging inflation. The Swedish company will eliminate roughly 6,000 direct positions and up to 2,000 indirect roles not directly involved in production lines and will entail the closure of multiple European sites.
Tara Mines
No. of Employees to be Laid off: 650
Industry: Mining
June 2023
Tara Mines in Navan is to cease production and exploration temporarily and lay off 650 workers. In a statement, the company cited rising energy bills and a drop in zinc price as two of the main reasons for its decision. The company will temporarily suspend operations within the next four weeks.
Grubhub
No. of Employees to be Laid off: 400
Industry: Food Delivery
June 2023
Grubhub is laying off 400 corporate employees, about 15% of its workforce, amid higher costs and declining orders. Howard Migdal, the food delivery brand’s CEO, said, “We need to make some tough decisions to maintain our competitiveness, deliver the best possible service for diners and our other partners, and be successful in the long term.”
Byju’s
No. of Employees to be Laid off: 1000
Industry: Edutech
June 2023
EdTech startup Byju’s plans to cut at least 1,000 more jobs. The move will hurt the sales and marketing teams of the startup. Managers have been directed to sack two employees each from the sales and marketing teams of its 280 tuition centers in India.
Check-Cap Ltd.
No. of Employees to be Laid off: 90% of Employees
Industry: Medical Devices
June 2023
Israeli firm Check-Cap, a developer of an investigational swallowable low-dose x-ray capsule for colon cancer screening, has laid off 90% of its staff. The company is reviewing its business, resources, capabilities, and strategic alternatives to maximize stockholder value.
VDL Nedcar
No. of Employees to be Laid off: 1850
Industry: Automotive
June 2023
VDL Nedcar, VDL Groep’s car factory in Born, plans to reduce around 1,000 employees and over 800 temporary workers by 1 November 2023. The company plans to switch to one-shift operations from 1 November 2023. The formal request for consent to switch to a day shift and reduce employees has been submitted to the Works Council.
Suncor Energy
No. of Employees to be Laid off: 1500
Industry: Energy & Utilities
June 2023
Canadian oil producer Suncor Energy plans to lay off 1,500 jobs to cut costs by $297.6 million (C$400 million) by the end of this year. The layoff plan was announced in a staff memo and came as the company looks to strengthen its financial performance while reducing costs.
Zendesk
No. of Employees to be Laid off:
Industry: Technology
June 2023
Software firm Zendesk is laying off eight percent of its global workforce. CEO Tom Eggemeier sent a message to his employees explaining the decision, calling it “difficult news to share.”
Goodyear
No. of Employees to be Laid off: 550
Industry: Automotive
June 2023
The Goodyear Tire & Rubber Company is laying off about 500 employees globally. The layoffs represent about a 5% reduction in salaried staff globally and are “in response to a challenging industry environment and cost pressure driven by inflation.”
Orange Romania
No. of Employees to be Laid off: 551
Industry: Telecommunications
May 2023
Orange Communications Romania is laying off 551 employees. The job cuts affect mainly network technicians and staff at the B2B division, as well as some marketing and B2C employees.
Bitwise Industries
No. of Employees to be Laid off: 900
Industry: Technology
May 2023
Fresno-based Bitwise Industries has furloughed its entire 900-worker staff, leaving employees of the technology incubation and training startup out of work in several California cities.
Rolls Royce Holdings
No. of Employees to be Laid off: 3000
Industry: Automotive
May 2023
The luxury car and jet engine manufacturer Rolls Royce is planning cut jobs and lay off 3,000 ‘non-manufacturing’ employees. The new CEO, Tufan Erginbilgic, described the company as a “burning platform” that needs to reform to survive. To this end, he has roped in McKinsey-led consultants to guide and help streamline the company.
Walgreens
No. of Employees to be Laid off: 504
Industry: Retail
May 2023
Walgreens plans to lay off over 500 workers – 10 percent of its corporate workforce. Most cuts will be made at the drugstore giant’s Deerfield, Illinois headquarters or its Chicago office.
JP Morgan & Chase
No. of Employees to be Laid off: 500
Industry: Banking & Financial Services
May 2023
JPMorgan Chase is letting go of about 500 employees across the bank. The company said layoffs are taking place company-wide but will focus mostly on technology and operations.
First Citizen
No. of Employees to be Laid off: 1000
Industry: Banking & Financial Services
May 2023
About 1,000 employees of First Republic Bank have been laid off about a month after it was seized by regulators and acquired by JP Morgan Chase. The majority of First Republic employees, roughly 7,200, were offered jobs by JPMorgan, meaning that about 15% of the bank’s employees were laid off.
First Republic
No. of Employees to be Laid off: 1000
Industry: Banking
May 2023
About 1,000 employees of First Republic Bank are being let go about a month after it was seized by regulators and acquired by JP Morgan Chase. Bank employees not being offered jobs at JPMorgan will get an additional 60 days of pay and benefits.
British Telecom
No. of Employees to be Laid off: 55,000
Industry: Telecommunication
May 2023
U.K. telecommunications giant BT Group will cut between 40,000 to 55,000 of its workforce between 2028 and 2030. The layoffs will include direct BT employees and third-party workers. This will lead to a 31-42% reduction in company staffing.
Oracle (Cerner)
No. of Employees to be Laid off: 3000
Industry: Technology
May 2023
Oracle has laid off over 3,000 employees at its firm Cerner, which it recently acquired.
The Walt Disney
No. of Employees to be Laid off: 2500
Industry: Entertainment
May 2023
Walt Disney has begun its third round of layoffs and will hand over pink slips to over 2500 employees. The parks and resorts division would remain untouched. The company has begun removing dozens of titles from its streaming platforms.
Vodafone
No. of Employees to be Laid off: 11000
Industry: Telecommunication
May 2023
No. of Employees to be Laid off: 716
Industry: Technology
May 2023
LinkedIn, the social media network owned by Microsoft Corp, would cut 716 jobs as demand wavers while shutting down its China-focused job application. LinkedIn has 20,000 employees and is laying off workers amid a weakening global economic outlook.
Ochsner Health
No. of Employees to be Laid off: 770
Industry: Healthcare
May 2023
Ochsner Health has eliminated 770 positions or about 2 percent of its workforce. In a memo to employees, Ochsner CEO Pete November said affected positions were in management and primarily non-direct patient care roles, with no physicians affected.
Novavax
No. of Employees to be Laid off: 400 (20% of Employees)
Industry: Biotechnology
May 2023
Novavax is reducing its headcount by 25%. After trying to cut costs without laying off staff, the vaccine company has now accepted it will need to part ways with hundreds of employees to align its spending with the dwindling size of the COVID-19 opportunity.
Paramount Media Networks
No. of Employees to be Laid off: 25% of Employees
Industry: Media & Entertainment
May 2023
Paramount Media Networks is laying off 25 percent of its workforce and shutting down MTV News because of pressure from broader headwinds like many of its peers. Layoffs will impact employees across the Showtime, MTV Entertainment Studios, and Paramount Media Networks groups in the US.
Cognizant
No. of Employees to be Laid off: 3500
Industry: Technology
May 2023
IT services and consulting firm Cognizant plans to lay off around 3,500 employees. Cognizant said, “This consists of approximately $200 million of employee severance and other costs primarily related to non-billable and corporate personnel, which we expect to incur in 2023, and approximately $200 million of costs related to the consolidation of office space, with approximately $150 million in 2023 and $50 million in 2024.”
Morgan Stanley
No. of Employees to be Laid off: 3000
Industry: Financial Services
May 2023
Morgan Stanley plans to eliminate about 3,000 jobs from the global workforce. That would amount to roughly 5% of staff, excluding financial advisers and personnel supporting them within the wealth management division.
Volvo Cars
No. of Employees to be Laid off: 1300
Industry: Automotive
May 2023
Swedish Volvo Cars to cut 1,300 office jobs to accelerate cost-cutting measures. CEO Jim Rowan cites economic headwinds, raw material costs, and competition as challenges. 1,100 job cuts at the main unit. 200 more positions to be determined after a thorough review of Swedish entities.
Shopify
No. of Employees to be Laid off: 20% of Employees
Industry: eCommerce
May 2023
Shopify laid off 20% of its global workforce — its second sizeable employee culling after a reduction of 10% announced last July. This latest downsizing also includes the wholesale divestment of an entire line of business: Shopify’s in-house logistics arm, which sought to own more of the warehousing and fulfillment chain for its merchants.
Qualcomm
No. of Employees to be Laid off: 5% OF Employees
Industry: Technology
May 2023
Qualcomm, the multinational chip manufacturer, will announce company-wide job cuts impacting 5 percent of its staff. The majority of the staff reductions will affect the mobile division.
Bayada Home Health
No. of Employees to be Laid off: 682
Industry: Healthcare
May 2023
Bayada Home Health Care is laying off 682 workers in Florida while closing four of its locations in the state.
Flink
No. of Employees to be Laid off: 8000
Industry: Delivery Services
April 2023
Flink, the Berlin-based unicorn, is set to lay off 8,000 employees, which accounts for 40% of its workforce. Since last year, the express delivery service has struggled with difficult market conditions and rising prices. This prompted the need to revise its cost structures and focus on profitability.
Walt Disney
No. of Employees to be Laid off: 4000
Industry: Entertainment
April 2023
Entertainment giant Disney kicked off its second round of layoffs affecting 4,000 employees. According to a CNBC report, a third round is expected to start before the beginning of the summer. Disney plans to reduce its workforce by 7,000 jobs as part of a larger reorganization that will see the company cut $5.5 billion in costs.
Gap
No. of Employees to be Laid off: 1800
Industry: Retail
April 2023
Gap will lay off 1,800 employees as the struggling retailer looks to cut costs. The layoffs will impact the company’s corporate workers. As of January, Gap had around 95,000 employees globally, and 9% of them were corporate staff. Gap, which also owns Old Navy, Banana Republic, and Athleta, said the cuts would result in around $300 million in annual savings for the company.
3M
No. of Employees to be Laid off: 6000
Industry: Manufacturing
April 2023
3M announced significant layoffs Tuesday as part of another major restructuring plan as the manufacturing sector prepares for a possible recession and slumping demand for goods. The manufacturing company behind some consumer brands, including Post-It Notes and Scotch Tape, would lay off 6,000 staff worldwide. Those cuts are in addition to the 2,500 manufacturing roles 3M eliminated in January.
First Republic Bank
No. of Employees to be Laid off: 20% of Employees
Industry: Financial Services
First Republic Bank expects to cut its workforce by 20-25% this quarter, as reported during its first-quarter earnings call. Their stock plunged by nearly 50% at the close of trading on Tuesday, hitting a new record low after the company reported that its total deposits fell 41% in the first quarter, to $104.5 billion, even after a consortium of banks stepped in with $30 billion to prevent the regional lender from failing.
Ernst & Young (EY)
No. of Employees to be Laid off: 3000
Industry: Financial Services
April 2023
Financial services giant Ernst & Young (EY) would trim almost 3,000 jobs in the US due to ‘overcapacity’ at the firm. According to an AFP report, Ernst & Young layoffs are also a part of the bigger restructuring plans by the company. These job cuts at EY represent less than 5 percent of the US workforce, signaling the firm’s overcapacity.
Deloitte
No. of Employees to be Laid off: 1200
Industry: Financial Services
April 2023
Deloitte has joined the layoffs as the company intends to reduce its workforce in the US by approximately 1,200 jobs — around 1.4 percent of its total employees in the country. Deloitte is one of the big four international accounting and professional services firms that have seen a decline in its consulting business, which has caused ambiguity among current and potential staff members.
Lyft
No. of Employees to be Laid off: 1200
Industry: Ride-Hailing
April 2023
Lyft has struggled financially while trying to compete with its rival, Uber, and is planning major job cuts. The layoffs will affect about 1,200 people. It is the first significant move by David Risher, the company’s new chief executive.
David’s Bridal
No. of Employees to be Laid off: 9000
Industry: Retail
April 2023
David’s Bridal is laying off over 9000 employees nationwide as it plans to sell the company — just weeks before wedding season kicks off. The company has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of New Jersey.
HyLife Foods
No. of Employees to be Laid off: 1000
Industry: Food Manufacturing
April 2023
HyLife Foods, a pork processing plant in southern Minnesota that employs about 1,000 workers, could close next week if the company can not find a buyer for the facility. HyLife Foods filed notice with the state this week that its efforts to improve business at its Windom plant have been unsuccessful, the Minneapolis Star Tribune reported.
Walmart
No. of Employees to be Laid off: 2000
Industry: eCommerce
April 2023
According to the regulatory filings, Walmart will cut more than 2,000 positions across five e-commerce fulfillment centers in the US. According to the report, Walmart plans to adjust its operations to cater to online shoppers better. The job cuts include over 1,000 positions in Fort Worth, Texas, 600 in Pennsylvania, 400 in Florida, and around 200 in New Jersey.
Hyland Software
No. of Employees to be Laid off: 1000
Industry: Technology
April 2023
Hyland Software will lay off about 1,000 employees, a 20% reduction in its workforce. President and CEO Bill Priemer posted the layoff news on Hyland’s website.
Lucid Group
No. of Employees to be Laid off: 1300
Industry: Automobile
March 2023
Lucid Group, the U.S. automaker that produces the luxury all-electric Air sedan, is cutting its workforce by 18% as part of a restructuring, the company disclosed in a regulatory filing. The layoffs will affect 1,300 employees.
McKinsey
No. of Employees to be Laid off: 1400
Industry: Financial Services
March 2023 McKinsey and Company, the global management consulting firm, is reportedly starting to lay off employees as early as this week, a rare round of job cuts. As many as 1,400 roles will be impacted.
Accenture
No. of Employees to be Laid off: 19000
Industry: Technology
March 2023
Accenture lowered its annual revenue and profit forecasts and decided to cut about 2.5% of its workforce or 19,000 jobs, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services. More than half of the jobs to be cut will be in its non-billable corporate functions, Accenture said on Thursday, sending its shares up 6.4%.
Amazon
No. of Employees to be Laid off: 9000
Industry: eCommerce
March 2023
Amazon will lay off 9,000 more employees in the coming weeks, CEO Andy Jassy said in a memo to staff. The latest round will impact Amazon’s cloud computing, advertising, human resources, and Twitch units. The cuts are on top of the previously announced layoffs that totaled more than 18,000 employees.
Indeed.com
No. of Employees to be Laid off: 2200
Industry: Hiring
March 2023
Job listing website Indeed.com will cut approximately 2,200 employees, i.e., almost 15% of its workforce. “Last quarter, US total job openings were down 3.5% year-over-year, while sponsored job volume fell 33%. In the US, we expect job openings to likely decrease to pre-pandemic levels of about 7.5 million, or even lower over the next two to three years,” CEO Hyams added.
Just Eat
No. of Employees to be Laid off: 1700
Industry: Food Delivery
March 2023
Food delivery platform Just Eat Takeaway unveiled plans to axe more than 1700 delivery drivers as the food delivery business wrestles with a slowdown in demand.
National Broadband Network (NBN)
No. of Employees to be Laid off: 500
Industry: Media & Entertainment
March 2023
Twitch
No. of Employees to be Laid off: 400Meta
No. of Employees to be Laid off: 10000
Industry: Technology
March 2023
Meta announced that it would lay off 10,000 more workers and incur restructuring costs ranging from $3 billion to $5 billion. “Here’s the timeline you should expect: over the next couple of months, org leaders will announce restructuring plans focused on flattening our organization, canceling lower priority projects, and reducing our hiring rates,” Zuckerberg said.
Tyson Foods
No. of Employees to be Laid off: 1700
Industry: Restaurant
March 2023
Tyson Foods will close two chicken plants in May to strengthen its poultry business, affecting nearly 1,700 employees. “While the decision was not easy, it reflects our broader strategy to strengthen our poultry business by optimizing operations and utilizing full available capacity at each plant,” Tyson said in a statement.
Anchorage Digital
No. of Employees to be Laid off: 20% of Employees
Industry: Financial Services
March 2023
Vodafone
No. of Employees to be Laid off: 1000Johnson & Johnson
No. of Employees to be Laid off: 1000
Industry: Healthcare
March 2023
Johnson & Johnson has announced another round of restructuring and employee layoffs that could eliminate at least 1000 jobs. The reorganization includes folding its Mitek sports medicine business into J&J’s trauma and extremities organization and moving shoulder reconstruction to its joint reconstruction section.
Xero
No. of Employees to be Laid off: 800
Industry: Technology
March 2023
New Zealand accounting software company Xero is laying off around 800 positions to “improve profitability” amid widespread technology layoffs. CEO Sukhinder Singh Cassidy said the organization needed to “streamline and simplify” to enable the next growth phase.
Atlassian
No. of Employees to be Laid off: 500
Industry: Technology
March 2023
Business software maker Atlassian will lay off 500 employees or around 5% of its workforce. Atlassian’s co-founders and co-CEOs said the move is less about financial needs and more about focusing on key priorities such as IT service management and helping customers move workloads from on-premises data centers to the cloud.
General Motors
No. of Employees to be Laid off: 500 Industry: Automotive March 2023 The media reported that Automaker General Motors (GM) has laid off 500 workers from the company as it follows other major companies, including competitors, in downsizing headcounts to preserve cash and boost profits.
Thoughtworks
No. of Employees to be Laid off: 500 Industry: Technology March 2023 Software consultancy company Thoughtworks has laid off nearly 500 employees, or 4 percent of its global workforce, to cut costs amid global macroeconomic conditions.
Walmart
No. of Employees to be Laid off: 600 Industry: Retail Feb 2023 According to an official filing sent to the Oregon Higher Education Coordinating Commission, Walmart is closing two of its stores in Portland, laying off over six hundred workers in the process.
Ericsson
No. of Employees to be Laid off: 8500 Industry: Telecommunication Feb 2023 Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs. “The way headcount reductions will be managed will differ depending on the local country practice,” Chief Executive Borje Ekholm wrote in the memo. The company had announced plans to cut about 1,400 jobs in Sweden earlier in the week.
McKinsey
No. of Employees to be Laid off: 2000 Industry: Financial Services Feb 2023 McKinsey & Co. is expected to lay off nearly 2,000 workers in one of its largest layoffs. According to the source, the layoffs are part of ‘Project Magnolia,’ which the consulting company expects will help safeguard its partners’ salary pool.
Ericsson
No. of Employees to be Laid off: 1400 Industry: Telecommunication Feb 2023 Ericsson, the telecom gear maker, plans to cut around 1,400 jobs in Sweden and other countries. The company called the layoffs part of the broader plan to reduce costs globally.
Twilio
No. of Employees to be Laid off: 1500 (17% of Employees) Industry: Telecommunications Feb 2023 Cloud communications company Twilio is laying off about 17% of jobs and closing some offices as part of a restructuring effort to focus on profitability. Twilio is one of the first tech companies to announce a second major staffing reduction in the current economic downturn.
Yahoo
No. of Employees to be Laid off: 1600 Industry: Technology Feb 2023 Yahoo is laying off 20 percent of its workforce, or 1,600 employees. Yahoo CEO Jim Lanzone said that these changes will be “tremendously beneficial for the profitability of Yahoo overall”. The layoffs will help the company “to go on offense” and invest more in profitable businesses.
News Corp
No. of Employees to be Laid off: 1250 Industry: Media Feb 2023 News Corp will cut about 1,250 positions, or 5% of its workforce, in the latest round of layoffs. Rupert Murdoch’s media company said the tough macroeconomic environment and higher interest rates have been hurting the company.
Walt Disney
No. of Employees to be Laid off: 7000 Industry: Entertainment Feb 2023 The Walt Disney Co. plans to cut about 4% of its workforce; that means layoffs for 7,000 employees. Returning CEO Bob Iger aims to cut more than $5 billion in costs by consolidating divisions that make and distribute movies and TV shows.
Zoom Video Communications
No. of Employees to be Laid off: 1300 Industry: Technology Feb 2023
Communications technology firm Zoom plans to lay off 1,300 employees or 15 percent of its workforce. Calling the affected employees “hard-working, talented colleagues”, Chief executive Eric Yuan said they would get an email if they are based in the US, and all non-US staff will be informed following local requirements.
eBay
No. of Employees to be Laid off: 500 Industry: eCommerce Feb 2023 According to a filing with the SEC, eBay plans to cut 500 jobs or about 4% of its workforce. CEO Jamie Iannone said the company made cuts after examining the global macroeconomic environment over the past several months.
Boeing
No. of Employees to be Laid off: 2000 Industry: Aviation Feb 2023 Boeing Co. expects to cut about 2,000 white-collar jobs this year in finance and human resources through a combination of attrition and layoffs.
Dell
No. of Employees to be Laid off: 6650 Industry: Technology Feb 2023 Dell Technologies will layoff about 6,650 jobs, or about 5% of its global workforce, due to falling demand for its personal computers.
Byju’s
No. of Employees to be Laid off: 1000 Industry: Edutech Feb 2023 Byju’s, the edutech company, has laid off over 1,000 employees, the second layoff in less than six months. The downsizing has affected design, production, and engineering employees.
Rivian
No. of Employees to be Laid off: 6% of Employees Industry: Automobile Feb 2023
Electric car maker Rivian is laying off 6 percent of its workforce to cut costs. Rivian’s chief executive RJ Scaringe announced the layoffs in an email to employees, stating that the firm is focusing resources on increasing vehicle manufacturing and achieving profitability.
FedEx Corp.
No. of Employees to be Laid off: 10% of Employees Industry: Transportation Feb 2023 FedEx Corp. is laying off the global officer and director jobs by more than 10%. It is the company’s latest cost-saving step as economic concerns weigh on demand for package delivery. The latest cuts bring FedEx’s total employee reductions to 12,000 since June.
NetApp
No. of Employees to be Laid off: 6% of Employees Industry: Cloud Technology Jan 2023 Cloud Data Management company NetApp will lay off 960 employees during the next three months, amounting to 8% of its workforce. The company announced the layoffs in a filing with the Securities and Exchange Commission (SEC).
Upstart
No. of Employees to be Laid off: 365 Industry: Financial Services Jan 2023 The artificial intelligence (AI) lending platform Upstart is laying off 365 employees due to reduced demand for lending. Filing with the Securities and Exchange Commission (SEC), the cuts will amount to about 20% of its current workforce. According to the filing, Upstart also plans to suspend the development of its small business loan product “until macroeconomic conditions improve.”
Groupon
No. of Employees to be Laid off: 500 Industry: eCommerce Jan 2023 According to the SEC filing, Groupon has laid off another 500 employees to cut costs. The e-commerce company had cut 500 jobs — nearly 15% of its workforce in August 2022.Paypal
No. of Employees to be Laid off: 2,000 Industry: Financial Services Jan 2023 PayPal will cut about 7 percent of its workforce or about 2,000 full-time workers. It said it was making the cuts due to “the challenging macro-economic environment.”Goldman Sachs
No. of Employees to be Laid off: 3,000 Industry: Financial Services Jan 2023 Goldman Sachs has started laying off employees in a cost-cutting drive, with around a third or 3,000 people likely to be let go. The employees were called to the office for a meeting with CEO David Solomon at its headquarters in New York. This layoff drive is said to be the largest among banks.Hubspot
No. of Employees to be Laid off: 500 Industry: Technology Jan 2023HubSpot would lay off 500 positions to reduce costs as the company struggles from a “perfect storm” of inflation, tight customer budgets, and “volatile foreign exchange.” CEO Yamini Rangan wrote that the company was over-hired to deal with a surge in business at the start of the pandemic, growing to over 7,400 employees.
Philips
No. of Employees to be Laid off: 6000 Industry: Consumer Products Jan 2023Dutch consumer electronics and medical equipment maker Philips is cutting 6,000 jobs worldwide over the next two years. The layoffs come as the company suffered a net loss of 1.6 billion euros (USD 1.7 billion) in 2022. CEO Roy Jacobs said the job cuts would significantly reduce costs and make Philips a leaner and more focused organization.
Lam Research Corp.
No. of Employees to be Laid off: 1300 Industry: Manufacturing Jan 2023 Lam Research Corp., one of the three biggest providers of chip-manufacturing equipment in the US, is cutting about 7% of its workforce to reduce expenses in a declining market. The company will eliminate about 1,300 jobs worldwide,Vacasa
No. of Employees to be Laid off: 1300 Industry: Real Estate Jan 2023 Vacation rental management company Vacasa has laid off 1,300 employees to stabilize the faltering Portland company. The company is cutting costs in response to slowing sales, organizational problems, and a new focus on profitability.Best Buy
No. of Employees to be Laid off: 700 Industry: Retail Jan 2023 Best Buy Co. is cutting store jobs across the country as the electronics and appliance retailer works to lower costs in response to changing customer spending habits. The company is laying off workers even as theU.S. jobs market remains strong.Goodyear and Tire Co.
No. of Employees to be Laid off: 500 Industry: Manufacturing Jan 2023 Ohio-based Goodyear company plans to cut about 500 jobs, about 5 percent of its total workforce, to cut costs. Richard Kramer, CEO of the company, said, “While our businesses have performed at a high level through the volatility of the past several years, the uncertain near-term macroeconomic outlook and continuing impacts of inflation make these difficult actions necessary to position our business for future success.”Dow Chemicals
No. of Employees to be Laid off: 2000 Industry: Chemicals Jan 2023Dow Inc. is laying off about 2,000 employees globally as job cuts that have so far been concentrated in the technology sector spread to other parts of the economy. The Mich.-based chemicals company said it is targeting $1 billion in cost cuts this year as slowing economic growth and a drop-off in demand weigh on sales.
Amazon
No. of Employees to be Laid off: 18000 Industry: eCommerce Jan 2023 Amazon to lay off over 18,000 employees, the highest at a major technology company, as the industry pares back amid economic uncertainty.The eCommerce company began layoffs in November, with the departments affected in its devices business, recruiting, and retail operations. At the time, The Wall Street Journal had reported the cuts would total about 10,000 people. The rest of the cuts will bring the total number of layoffs to more than 18,000 and will be made over the coming weeks.
The announcement included earlier job cuts that had been announced in November.
Hasbro
No. of Employees to be Laid off: 15% of global employees (1000) Industry: Toys Jan 2023 Hasbro, Inc., a global branded entertainment leader, would cut about 15% of its global workforce this year and start taking effect within the next several weeks. With these actions and ongoing systems and supply chain investments, the company is on track to achieve its goal of $250-300M in annual run-rate cost savings by year-end 2025 to drive profitability and reinvestment in core brand growth.SAP
No. of Employees to be Laid off: 2800 Industry: Technology Jan 2023 One of Europe’s largest software companies, SAP, will lay off 2.5% of its global workforce of 112,000. According to the published earnings report, this number would be around 2,800 employees. SAP CEO Christian Klein said that the move was part of a restructuring that would allow the company to invest in the areas “where it matters for SAP to be competitive in the future, particularly its cloud business.”IBM
No. of Employees to be Laid off: 3900 Industry: Technology Jan 2023 IBM has joined the wave of companies conducting layoffs. It said the company would cut about 3,900 jobs, 1.5% of its global workforce. The job cuts were related to the spinoff and sale of its two businesses, Kyndryl Holdings IT infrastructure business and its healthcare analytics business, which an investment firm is acquiring.Spotify
No. of Employees to be Laid off: 600 (6% of Employees) Industry: Telecommunications Jan 2023 Spotify is cutting 6% of its global workforce as the music streaming company struggles with the economic environment that has seen consumers and advertisers limit their spending. CEO Daniel Ek announced the restructuring in a message to employees that was also posted online. As part of the revamp involving a management reshuffle, “and to bring our costs more in line, we’ve made the difficult but necessary decision to reduce our number of employees,” Ek wrote.3M
No. of Employees to be Laid off: 2500 Industry: Manufacturing Jan 2023 3M Co., the makers of Post-it notes, surgical supplies, and touch-screen displays, plans to cut about 2,500 manufacturing jobs. The company cited persistent economic hurdles and profit shortfall for layoffs.Alphabet
No. of Employees to be Laid off: 12,000 Industry: Technology Jan 2023 Google’s parent company, Alphabet, plans to lay off 12,000 employees across sections. This was stated in an email communication by Google CEO Sundar Pichai. According to the email, employees in the US were informed about their severance already. Those in other countries would be intimated in due course since the process must abide by local laws and practices.Microsoft
No. of Employees to be Laid off: 10,000Salesforce
No. of Employees to be Laid off: 10% of Employees Industry: Technology Jan 2023 The cloud-based software firm Salesforce plans to cut jobs by 10% and close some offices after rapid pandemic hiring left it with an increased workforce amid an economic slowdown. The job cuts would lead to about $1.4 billion to $2.1 billion in charges, while only about $800 million to $1 billion will be recorded in the fourth quarter.
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