Intellizence offers the latest Layoff & Downsizing data for market intelligence, customer intelligence, sales intelligence, and risk intelligence activities. We monitor various sources like news, and regulatory filings like WARN filings for the latest layoff and hiring freeze announcements – normalize, de-duplicate, and deliver the layoff data through various channels – API, and Web dashboard.
Here is the list of the latest major layoffs announced by leading companies.
Amgen
No. of Employees to be Laid off: 1100
Industry: Energy & Utilities
Sept 2022
Amgen plans to cut 20% of its global staff, a move that will affect up to 1,100 more jobs on top of the 2,900 layoffs already in the works. It is a part of Amgen’s restructuring and reorganization.
Gap
No. of Employees to be Laid off: 500
Industry: Retail
Sept 2022
Gap will layoff roughly 500 corporate jobs, adding to the problems that the beleaguered retailer is currently facing. The cuts include a mix of layoffs and open roles at the company’s corporate offices in New York, San Francisco and across Asia,
Ola
No. of Employees to be Laid off: 500
Industry: Automobile
Sept 2022
With the sale of its electric two-wheeler on the decline, ride-hailing major Ola is reportedly laying off nearly 500 employees, from its various software verticals of ANI technologies which operates at Ola Cabs. Employees are being laid off as part of the “restructuring exercise” worked on the Ola app.
Bristol Myers Squibb & AbbVie
No. of Employees to be Laid off: 360
Industry: Pharmaceuticals
Sept 2022
AbbVie and Bristol Myers Squibb (BMS) are trimming down their staff to the tune of 360 staffers on the West Coast. For BMS, the layoffs are tied to a recent acquisition.
In separate WARN alerts filed in California, AbbVie and BMS plan to lay off 99 and 261 employees, respectively.
Wells Enterprises
No. of Employees to be Laid off: 319
Industry: Retail
Sept 2022
Wells Enterprises will begin laying off nearly 320 employees at its ice cream plant in Dunkirk at the end of the year. The Iowa-based Wells has planned to “scale back operations” by reducing its production lines from about 20 to five.
Wipro
No. of Employees to be Laid off: 300
Industry: Technology
Sept 2022
Wipro company fired 300 workers after they were found moonlighting – the term is used for workers who have secretly taken a second job, that is, without letting their primary employer know. Wipro chairman Rishad Premji added that he is not against employees taking second jobs but hopes for more transparency and not be working for competitors secretly.
Nordstrom
No. of Employees to be Laid off: 200
Industry: Retail
Sept 2022
Nordstrom plans to cut 222 employees at a distribution center in Cedar Rapids, Iowa, according to a WARN notice filed with the state. The distribution center is one of two supply chain facilities that Nordstrom operates in Iowa, which together amounts to 1.5 million square feet of space and are the retailer’s only facilities in the Midwest.
PowerHome Solar
No. of Employees to be Laid off: 1100
Industry: Energy & Utilities
Sept 2022
PowerHome Solar has slashed half its workforce, discontinues NC installations in wake of Generac failures. PowerHome Solar, now doing business as Pink Energy, has stopped sales in North Carolina, Texas and Georgia, citing losses related to defective equipment that led the company to sue its former provider last month. This is the latest round of job cuts Pink Energy blames on the failure of a safety component in battery storage systems provided by equipment manufacturer Generac.
Opel
No. of Employees to be Laid off: 1100
Industry: Automobile
Sept 2022
Opel aims to cut up to 1,000 jobs in Germany, by the end of the year through partial retirement, early retirement or severance pay. The company cites the rapid transformation of the industry, the pandemic, the geopolitical situation, fragile supply chains and massive energy and raw material price increases as the reason for lay offs.
Cazoo
No. of Employees to be Laid off: 1500
Industry: e-Commerce
Sept 2022
London-based used car marketplace Cazoo is leaving the European Union entirely, and will now only operate in the UK. The move will result in 750 job losses in addition to another 750 layoffs announced in June, meaning a total of 1,500 people leaving the company in 2022, representing 30% of its workforce.
Beaumont Spectrum Health
No. of Employees to be Laid off: 400
Industry: Healthcare
Sept 2022
Beaumont-Spectrum Health will lay off 400 management and non-patient/health plan member-facing roles from our 64,000 team members, as it faces “significant” financial pressures in various sectors,
Amazon
No. of Employees to be Laid off: 395
Industry: e-Commerce
Sept 2022
Amazon plans job cuts in health-care business after shuttering telehealth service. About 159 Amazon Care employees will be laid off, while a standalone company that provided services for Amazon Care will cut 236 roles.
HCL Technologies
No. of Employees to be Laid off: 350
Industry: Technology
Sept 2022
Amid tough global market conditions, tech company HCL Technologies has reportedly laid off 350 employees globally, including in India, Guatemala, and the Philippines, who were working on a Microsoft news project.
Skip The Dishes
No. of Employees to be Laid off: 350
Industry: Technology
Sept 2022
Skip The Dishes, the online food delivery service, has laid off approximately 350 workers based in Winnipeg. The employees affected are remote contact-centre workers that support multiple markets globally.
Clear
No. of Employees to be Laid off: 200
Industry: Technology
Sept 2022
Clear, the India-based fintech SaaS platform has joined the list of startups resorting to downsizing amid a decline in funding this year. The Kora Capital-backed startup laid off 200 employees, around 20% of its workforce across departments, including tech, product, sales, support team among others.
GoStudent
No. of Employees to be Laid off: 200
Industry: Edutech
Sept 2022
GoStudent, Europe’s first edtech unicorn, is laying off 200 employees — about 10% of its workforce. The Vienna-based startup is backed by investment giants like SoftBank, Coatue and Tencent. It joins 23 other edtech companies that have let go of staff amid the global economic downturn.
Credit Suisse
No. of Employees to be Laid off: 5000
Industry: Financial Services
Sept 2022
Credit Suisse plans to eliminate more than 5,500 jobs by the end of this year as the company looks to further reduce costs and improve the lender’s prospects.
VF Corporation
No. of Employees to be Laid off: 600
Industry: Manufacturing
Sept 2022
VF Corporation is laying off 300 employees and eliminating 300 open positions, The layoffs and position cuts are meant to align our people and capabilities with our highest strategic priorities.
Packable Holdings
No. of Employees to be Laid off: 456
Industry: e-Commerce
August 2022
Packable Holdings LLC, a vendor of well being and sweetness merchandise on Amazon.com and different e-commerce websites, will lay off 456 Lengthy Island staff within the coming months and shutter its amenities after a plan to go public unraveled.
Gannet
No. of Employees to be Laid off: 400
Industry: Media
August 2022
Gannett has laid off about 400 employees – roughly three percent of their U.S. workforce as part of dramatic cost-cutting measures after the national media chain lost $54 million in the second quarter of this year.
Amazon
No. of Employees to be Laid off: 353
Industry: e-Commerce
August 2022
Amazon is laying off 353 workers with closure of twoof its Baltimore-area warehouses.
The downsizing by the internet retailer is a result of slowing sales after the surge in online spending during the height of the pandemic.
Pentair
No. of Employees to be Laid off: 210
Industry: Energy
August 2022
Pentair, an multinational water supply, distribution and treatment corporation, will close its facilities in Brookfield and Pewaukee, resulting in 210 job eliminations. The company will ensure that all employees will be paid all earned wages and agreed upon benefits at the time of their termination.
Tencent
No. of Employees to be Laid off: 5500
Industry: Technology
August 2022
Tencent has laid off nearly 5,500 employees from its payroll in the last quarter.
The tech company announced layoffs for the first time in 10 years.
Xiaomi
No. of Employees to be Laid off: 900
Industry: Technology
August 2022
Xiaomi, the Chinese smartphone manufacturer, has laid off about 900 people, affecting about three percent of its over-32,000-strong workforce. The reason is the falling revenues. The Company’s revenue, the political situations worldwide, rising fuel prices, global inflation, and fluctuations in foreign exchange.
Wayfair
No. of Employees to be Laid off: 900
Industry: e-Commerce
August 2022
Wayfair, the online home goods retailer, is laying off close to 900 employees to reprioritize investment needs and meet the company’s current needs. This comes after the company announced a hiring freeze back in May.
Peloton
No. of Employees to be Laid off: 800
Industry: Consumer Products
August 2022
Peloton, the exercise equipment company, is laying off nearly 800 people across its customer service and distribution departments. This is the company’s third round of layoffs in 2022. It’s also closing retail stores and raising prices on its popular exercise bikes as it faces declining sales and plunging stock prices. Peloton laid off roughly 3,000 workers in February and cut more than 500 overseas roles last month.
Signify Health
No. of Employees to be Laid off: 498
Industry: Healthcare
August 2022
Dallas-based home health services company Signify Health is laying off 489 employees in Texas, South Dakota, New York, and Connecticut. The majority of those laid off, 342 employees, are remote workers. The company is encouraging laid-off employees to apply for open positions within the company.
Nutanix
No. of Employees to be Laid off: 270
Industry: Technology
August 2022
Cloud computing company Nutanix expects to lay off 4% of its workforce, or 270 employees, by the end of October. According to an SEC filing, the reduction in headcount “is part of the company’s ongoing efforts to drive towards profitable growth.”
Crypto.com
No. of Employees to be Laid off: 260
Industry: Financial Services
August 2022
cryptocurrency exchange Crypto.com has laid off around 260 employees, or 5 percent of its workforce, due to the widespread downturn in the crypto market. The company has also let go of hundreds more employees since the initial layoffs. These new layoffs have not been publicized, and it’s difficult to estimate their exact number.
Sema4
No. of Employees to be Laid off: 250
Industry: Biotechnology
August 2022
Sema4, the AI-backed genomic and clinical data company has laid off around 250 workers, about 13% of its workforce, as part of a larger restructuring. Combined with earlier layoffs from the first half of the year, Sema4 has cut approximately 30% of the jobs from its legacy business.
Alibaba
No. of Employees to be Laid off: 10,000
Industry: e-Commerce
August 2022
Chinese e-commerce giant Alibaba Group laid off 9,241 employees from the total workforce of 245,700 amid a poor performance. The layoffs were necessitated as the company tries to push up profitability through efficiency while also contending with increased regulatory pressure from Chinese authorities.
Siemens Gamesa
No. of Employees to be Laid off: 2500
Industry: Renewable Energy
August 2022
Wind turbine maker Siemens Gamesa is planning to cut around 2,500 jobs, or about 9% of its total, to recover from losses that have prompted its main shareholder to launch a takeover.
DeHaat
No. of Employees to be Laid off: 500
Industry: AgriTech
August 2022
Agritech startup DeHaat is the latest startup to resort to layoffs, laying off around 500 people. The layoffs, however, came less than a year after the company raised $115 million.
Metco Landscape
No. of Employees to be Laid off: 343
Industry: Real Estate
August 2022
Metco Landscape has let go of 343 workers across five locations as notified to the Colorado Department of Labor and Employment. The landscaping company had been placed into receivership in Boulder County District Court “due to unforeseen financial and economic conditions.”
Ford
No. of Employees to be Laid off: 8000
Industry: Automotive
July 2022
US carmaker Ford Motor is to cut up to 8,000 jobs to reduce costs and intensify its focus on electric vehicles. The majority of the job cuts are expected to be among Ford’s salaried ranks in the United States, as well as the Ford Blue unit created in March to run the company’s internal combustion engine operations.
Just Eat Takeaway
No. of Employees to be Laid off: 390
Industry: Food Delivery
July 2022
Just Eat Takeaway is cutting 390 jobs from its workforce in France, constituting part of a broader global restructuring effort as the food delivery giant looks to reverse its recent downturn.
Invitae
No. of Employees to be Laid off: 1000
Industry: Biotechnology
July 2022
Biotechnology company Invitae will lay off more than 1,000 employees as part of a year-long restructuring plan expected to save the company hundreds of millions of dollars annually. The restructuring is expected to cost Invitae around $100 million and save Invitae around $326 million per year.
Olive
No. of Employees to be Laid off: 450
Industry: Healthtech
July 2022
Healthcare automation startup Olive is laying off about 450 workers. Going forward, Olive will focus on its Autonomous Revenue Cycle product and its Utilization Management Transformation tool. The plan will help Olive become profitable more quickly. The affected workers will be eligible for two weeks of severance per year of service as well as job placement support and access to a talent portal.
CytomX Therapeutics
No. of Employees to be Laid off: 40% of employees
Industry: Biotechnology
July 2022
Biotech company CytomX Therapeutics will lay off staff in a restructuring plan that will prioritize investment in the company’s preclinical and early-stage pipeline. CytomX will reduce its workforce by 40%, mostly affecting staff in the development and administrative roles.
Arrival
No. of Employees to be Laid off: 30% of employees
Industry: Automotive
July 2022
Arrival, the U.K.-based commercial EV company, plans to slash costs and cut as much as 30% of its workforce to protect the business from a challenging economic environment while meeting its production targets.
Tonal
No. of Employees to be Laid off: 35% of employees
Industry: Fitness & Healthcare
July 2022
Amazon-backed connected fitness equipment maker Tonal is cutting 35% of its workforce, affecting all levels of its business. The company is reducing headcount to trim expenses and readjust to new levels of consumer demand for their products.
LoanDepot
No. of Employees to be Laid off: 2000
Industry: Financial Services
July 2022
LoanDepot plans to lay off 2,000 employees through the end of the year as a part of a larger restructuring plan. This is in response to the cooling mortgage market. The changes will generate approximately $375 million to $400 million in annual savings.
Peloton
No. of Employees to be Laid off: 2000
Industry: Manufacturing
July 2022
Exercise equipment maker Peloton Interactive will stop all in-house production of its bikes and treadmills and move manufacturing to partners in an effort to simplify its operations and reduce costs. The firm will lay off around 570 jobs at its Tonic Fitness Technology unit, a Taiwan-based firm bought by Peloton in 2019.
Meta
No. of Employees to be Laid off: 350
Industry: Technology
July 2022
Facebook parent Meta has canceled a contract with facility management vendor ABM Industries at its Silicon Valley headquarters. More than 350 workers will lose their jobs, according to documents filed with the state of California.
Rivian
No. of Employees to be Laid off: 700
Industry: Automotive
July 2022
Electric automaker Rivian is considering laying off around 5 percent of its 14,000 employees, or around 700 people. The company is mainly looking to remove jobs that were added as it scaled up and that aren’t involved in manufacturing.
Unacademy
No. of Employees to be Laid off: 600
Industry: Edutech
July 2022
Edtech company Unacademy has laid off around 600 employees or around 10 percent of the company’s workforce. The retrenched employees include contractual workers and educators. The reason cited is non-performance and role redundancy as the company looks to enhance efficiency and become profitable by the end of this year.
Hopin
No. of Employees to be Laid off: 29% of its Employees
Industry: Event Management Platform
July 2022
UK-based Virtual events platform Hopin, last valued at a $7.75 billion valuation, has laid off 29% of its employees, or 242 people. The cuts come just four months after Hopin let 12% of its workforce go earlier, citing a goal of sustainable growth amid the changing market.
No. of Employees to be Laid off: 30% of its Employees
Industry: Technology
July 2022
Twitter has begun to reduce its workforce. Since Elon Musk announced the acquisition of Twitter, the microblogging site has reduced 30% of its talent acquisition team, mostly consisting of recruiters and employees in charge of bringing on new hires.
Ohio Health
No. of Employees to be Laid off: 637
Industry: Healthcare
July 2022
OhioHealth is eliminating 637 jobs, its biggest layoff ever, as part of a plan to drive improvements in patient care. Of the 637 jobs, 567 are in information technology, while the rest are in a unit called revenue cycle that handles such things as billing, coding and accounts receivable. Most of the jobs are based in Greater Columbus.
Ola
No. of Employees to be Laid off: 500
Industry: Automotive
July 2022
SoftBank-backed mobility platform Ola is laying off 400-500 employees to save costs. These layoffs occur across departments amid a challenging funding environment and a delay in listing plans for the Bhavish Aggarwal-led firm.
Tesla
No. of Employees to be Laid off: 200
Industry: Automotive
June 2022
Tesla has laid off approximately 200 workers from its Autopilot team and closed an office in California. According to Bloomberg, the majority of those who were let go were hourly workers.
WhiteHat Jr
No. of Employees to be Laid off: 300
Industry: Edutech
June 2022
Online coding provider WhiteHat Jr, the platform under edtech giant BYJU’s umbrella, has laid off around 300 employees, after more than 1,000 of its employees resigned.
Spotify
Hiring Slowdown
Industry: Technology
June 2022
Spotify is slowing hiring by 25%, CEO Daniel Ek said in an email to employees. It’s the latest signal that companies across tech, many of which grew significantly over the early stages of the pandemic, are cutting back on staff growth as economic uncertainty looms.
Olive AI
Hiring Freeze
Industry: HealthTech
June 2022
Olive, a tech startup that uses artificial intelligence to automate healthcare tasks, is freezing new hires amid a wave of digital health companies laying off employees and tech giants slowing their hiring.
Netflix
No. of Employees to be Laid off: 300
Industry: Entertainment
June 2022
Netflix has laid off roughly 300 staffers. The cuts are across multiple business functions in the company, with the bulk of the jobs lost in the U.S.
Vauld
No. of Employees to be Laid off: 30% of employees
Industry: Cryptocurrency
June 2022
India-based cryptocurrency exchange Vauld has laid off around 30% of its workforce as crypto prices have crashed over the recent few weeks, along with the taxation regime and the resultant downturn in trade volumes.
Coinbase
No. of Employees to be Laid off: 1100 (18%)
Industry: Cryptocurrency
June 2022
US-based biggest crypto exchange Coinbase will reduce its workforce by approximately 18% or 1,100 employees, in its restructuring plan. The layoff is part of the crypto exchange’s plan to manage its operating expenses in response to current market conditions and ongoing business prioritization efforts.
OneTrust
No. of Employees to be Laid off: 950
Industry: Privacy & Security
June 2022
OneTrust has laid off 950 employees, or about 25 percent of its workforce, as part of a reorganization despite record quarters and increasing customer demand.
FarEye
No. of Employees to be Laid off: 250
Industry: Software-as-a-Service
June 2022
Software-as-a-Service provider FarEye has laid off around 250 employees at the time of their appraisal. The reason given was, that softness in market conditions and restructuring of the team led to a reduction in team size.
CVS Health
No. of Employees to be Laid off: 208
Industry: Pharmaceutical
June 2022
CVS Health plans to lay off at least 208 employees across the state in connection with the impending closure of four of its New York infusion pharmacies, according to notices filed this week with the state Department of Labor.
Tesla
No. of Employees to be Laid off: 10%
Industry: Automobile
June 2022
Tesla CEO Elon Musk has a “super bad feeling” about the economy and plans to cut about 10% of salaried staff, but “hourly headcount will increase,” he said. The company has over 100,000 people employed at Tesla and its subsidiaries at the end of 2021.
TomTom
M. of Employees Laid off: 500
Industry: IT Services and IT Consulting
June 2022
TomTom, the geolocation technology specialist, will reset the organization as it improves its mapmaking technology, strengthening its competitive position. This will have an intended impact on approximately 500 employees in the Maps unit, equivalent to around 10% of the total global headcount.
StartTek
No. of Employees Laid off: 472
Industry: Fintech
June 2022
The Denver-based customer service company Startek plans to lay off over 472 workers at the facility in Farmington. The company blamed a client’s “unexpected” decision to end a contract that was unforeseen and out of the control of the Startek organization. The vast majority are customer care representatives.
Coinbase
Hiring Freeze
Industry: Fintech
June 2022
Coinbase will extend its hiring freeze and revoke accepted offers from some candidates who haven’t started their roles yet. The third-largest crypto exchange by volume, Coinbase began to slow hiring two weeks ago, but this move is more drastic.
Laceworks
No. of Employees Laid off: 300
Industry: Cloud Security
May 2022
Cloud security company Lacework is laying off roughly 300 employees, or 20% of its workforce as a result of restructuring. The firm blamed the layoffs on a “seismic shift” in public and private markets.
BBC Four & CBBC
No. of Employees Laid off: 1000
Industry: Media
May 2022
BBC Four and CBBC will end as linear TV channels over the next few years, described as “a blueprint to build a digital-first public service media organization”. 1,000 jobs will be cut over the next few years.
SWVL
No. of Employees Laid off: 400
Industry: Technology
May 2022
Dubai-headquartered mobility startup SWVL is planning to lay off 32% of its workforce means that around 400 people will lose their jobs at the mobility company. The effect of an economic downturn has also affected their finances leading them to cut costs; the top of the list is letting go of employees.
Bolt Financial
No. of Employees Laid off: 400
Industry: Fintech
May 2022
Payments startup Bolt Financial will lay off about 250 employees, which is equivalent to a third of its workforce. The job cuts were brought about by the changing market conditions in the tech industry.
Uber
Hiring Freeze
Inustry: Ride-Hailing
May 2022
Uber will slash spending on marketing and incentives and focus on becoming a leaner business to address a “seismic shift” in investor sentiment. The company will treat hiring as a “privilege,” leading to a hiring freeze for the time being.
Meta (Facebook)
Hiring Freeze
Industry: Technology
May 2022
Facebook plans to reduce hiring as revenue growth slows and inflation concerns increase. Meta intends to stop or slow hiring for most midlevel and senior-level roles, after holding off on adding entry-level engineers.
Getir
No. of Employees Laid off: 4480
Industry: E-Commerce
May 2022
Getir, the $12B instant delivery startup, plans to lay off 14% of staff globally and cut aggressive expansion plans. The Turkish company employs some 32,000 people in the nine markets where it operates, which would work out to 4,480 people impacted by the downsizing.
Klarna
No. of Employees Laid off: 700
Industry: Fintech
May 2022
Swedish payments giant Klarna has laid off about 700 employees, or 10% of its workforce, citing Russia’s war on Ukraine and inflation.
Mfine
No. of Employees Laid off: 600
Industry: Healthtech
May 2022
Around 75 percent of Bengaluru-based health tech business MFine’s personnel have been let off tin May. Around 600 workers have been affected by this.
Cars24
No. of Employees Laid off: 600
Industry: Transportation
May 2022
Used car marketplace Cars24 has laid off more than 600 employees, with the layoffs put in place across departments and roles. Falling valuations, slowing funding rounds, and faltering investor sentiment seem to have prompted the layoff.
Vedantu
No. of Employees Laid off: 624
Industry: Edtech
May 2022
Edtech firm Vedantu went for the second round of lay-offs in May. CEO Vamsi Krishna said in an email to his staff that the company is laying off about 7 percent or 424 employees out of the 5,900. Earlier this month, the edtech firm had laid off 200 employees.
AliExpress
No. of Employees Laid off: 624
Industry: Ecommerce
May 2022
Chinese e-commerce giant Alibaba Group Holding’s joint venture in Russia AliExpress has laid off about 40% of its employees since the invasion of Ukraine as the war has severely disrupted cross-border business. It was the most-visited online marketplace and the most-downloaded shopping app in Russia in 2021.
Carvana
No. of Employees Laid off: 2,500
Industry: Car Retailer
May 2022
Carvana, citing “recession” in auto sales, has cut 2,500 jobs and informed some workers of the layoffs via Zoom. The online car retailer also sent an email to workers from CEO Ernie Garcia III that said most of the cuts would be in the company’s operations division.
Doma
No. of Employees Laid off: 310
Industry: Finance
May 2022
Doma will be refocusing its financial resources on “home purchase-focused strategic initiatives,” which includes deploying the investment dollars it raised when it went public on a more conservative basis. As a result, Doma reduced its workforce by 15% last week. Of the 310 people affected, 259 were in Doma’s fulfillment organization, representing a 28% reduction to that group.
Pollen
No. of Employees Laid off: 200
Industry: Travel
May 2022
Pollen, a UK-based travel and entertainment technology company that brands itself as a tech-first company laid off a third of its workforce – about 200 people. The company creates travel experiences related to music events for people, and patterns with music festivals to drive bookings through its platform. The company received $150 million in Series C funding on the 21st of April.
Vroom
No. of Employees Laid off: 270
Industry: Transportation
May 2022
Vroom, an on-demand car buying and selling startup that has raised over $300 million in venture funding, has laid off more than 2700 of its staff. This is in line with a strategy of “sharpening our focus on profitability,”.
Reef Technology
No. of Employees Laid off: 270
Industry: Transportation
May 2022
Reef Technology, a SoftBank Group-backed parking company that has expanded into ghost kitchens, is laying off 750 employees, about 5 percent of its global workforce. The layoffs will affect corporate and field workers across all departments except the parking division.
Send
No. of Employees Laid off: 300
Industry: Grocery Delivery
May 2022
Send, a grocery delivery app that was founded in the midst of the COVID-19 pandemic has collapsed into voluntary administration. SEND offered grocery deliveries in under 10 minutes to 46,000 registered users, with an estimated 300 employees working for the company from 13 sties and several dark grocery stores in Sydney and Melbourne.
Avo
No. of Employees Laid off: 500
Industry: Food Delivery
May 2022
Israeli delivery startup Avo is laying off hundreds of its employees. The company is set to sack around two thirds of its 750 employees, including 350 in Israel.
Ford
No. of Employees Laid off: 580
Industry: Automobile
April 2022
Ford Motor is laying off its salaried and contract employees and about 580 staff are affected. The automaker is undergoing restructuring to focus on electric vehicles and unfortunately, the move will also lead to job cuts.
Robinhood
No. of Employees Laid off: 400
Industry: Retail Brokerage
April 2022
Retail brokerage firm Robinhood is cutting back staffing levels, citing “duplicate roles and job functions” after rapid expansion last year. The move will affect about 9% of full-time employees. Robinhood reported 3,800 full-time employees as of Dec. 31.
Noom
No. of Employees Laid off: 500
Industry: Wellness
April 2022
Weight loss app Noom will be laying off 495 wellness coaches in total. That was nearly a quarter of its 2,000 wellness coach staff.
Nektar Therapeutics
No. of Employees Laid off: 500
Industry: Biopharmaceutical
April 2022
Nektar Therapeutics plans to shed nearly 200,000 square feet of its office and laboratory space along with 500 jobs in Mission Bay, following clinical trial failures and the end of its cancer-fighting program with Bristol-Myers Squibb.
The firm will also close and sell its 88,000-square-foot R&D facility in Hyderabad, India, and end its collaboration with SFJ Pharmaceuticals, based in Pleasanton.
Robinhood
No. of Employees Laid off: 9% around 300 employees
Industry: Consumer Investing and Trading Services
April 2022
Robinhood is laying off 9% of its full-time employees, and the cut may affect some 300 people
The U.S. consumer investing and trading service company, which went public in July 2021, saw the company lose 8.75% in trading in light of its layoff announcement.
Conde Nast
No. of Employees Laid off: 90%
Industry: Publishing
April 2022
Condé Nast will halt the distribution of Vogue Russia and its other publications in the country in opposition to a ‘rise in censorship’ and the Kremlin’s invasion of Ukraine. At least 90% of Condé Nast’s employees will be laid off as a result of the decision.
Vogue permanently terminated its franchise agreement with Condé Nast Russia, halting the printing of Vogue, GQ, GQ Style, Tatler, Glamour, Glamour Style Book, and Architectural Digest.
Bluebird Bio
No. of Employees Laid off: 30%
Industry: Biotechnology
Month: April 2022
Bluebird Bio, a biotechnology company that develops gene therapies for severe genetic disorders and cancer, will eliminate about 30% of its staff during the second and third quarters as part of a restructuring plan designed to generate $160 million in savings over the next two years.
Unacademy
No. of Employees Laid off: 600
Industry: Edutech
Month: April 2022
Edtech unicorn Unacademy has laid off around 600 employees, including its on-roll staff and contractual educators. The layoffs were part of the restructuring to cut costs amid an impending slowdown in venture funding and tightening of the overall economic environment.
Funko
No. of Employees Laid off: 258
Industry: Manufacturing
Month: April 2022
Collectible toymaker Funko is laying off 258 employees at warehouses in Everett and Puyallup, Washington, in a move to consolidate distribution operations at a single site in
Arizona. Funko is moving its distribution center to Buckeye, a suburb of Phoenix, because of Arizona’s strategic location and strong talent pool. It’s leasing a 958,000-square-foot warehouse that will bring more than 300 jobs to the area.
Tunisair
No. of Employees Laid off: 1000
Industry: Aviation
Month: March 2022
Tunisair plans to lay off approximately 1,000 of its employees for two or three years starting in 2022, as part of plans to ease financial difficulties at the state-owned Tunisian airline. Tunisair has been losing money every year since Tunisia’s 2011 revolution, prompting urgent demands to be restructured.
J Sainsbury PLC
No. of Employees Laid off: 2000
Industry: Retail
Month: March 2022
J Sainsbury PLC will shut 200 cafes in a shake-up of its in-store dining which is set to impact. around 2,000 workers. The recent restructuring move by the retailer is to keep control of the rising costs.
Goodlife Fitness
No. of Employees Laid off: 480
Industry: Health & Fitness
Month: March 2022
GoodLife Fitness has let go of nearly 480 employees from 189 clubs across Canada due to COVID-19 restrictions cutting down on business.
Baidu
No. of Employees Laid off: 15%
Industry: The Search Engine and AI Company
Month: February 2022
Baidu has cut between 10% and 15% of its staff in various departments. The layoffs involved junior to senior employees in Baidu’s AI, mobile, cloud, and other technical departments.
Didi
No. of Employees Laid off: 3000
Industry: Ride-Hailing
Month: February 2022
Trouble-ridden Chinese ride-hailing company Didi is laying off 20% of its workforce, or about 3,000 people. The large-scale layoffs began in mid-January, starting with R-Lab, the innovation arm of Didi, followed by ride-hailing, bike-sharing, and freight businesses.
Peloton
No. of Employees Laid off: 2800
Industry: Fitness
Month: February 2022
Peloton will lay off about 2,800 employees, including about 20% of its corporate positions to help reinvigorate the flailing fitness company. The company is also reducing the number of warehouses it owns and operates, and expanding delivery agreements with third-party providers, which will help the company save $800 million in annual costs.
Tesco
No. of Employees Laid off: 1600
Industry: Retail
Month: February 2022
Tesco is set to restructure its stores which could put 1,600 jobs at risk. The supermarket has not yet revealed which jobs or stores will be impacted, but it is understood that it will remove overnight stocking in 36 large stores and 49 convenience stores.
Nestle
No. of Employees Laid off: 474
Industry: Consumer Goods
Month: February 2022
Nestle plans to shut its confectionery factory in Newcastle with the loss of 474 jobs. The global food manufacturer is holding talks with employees at the Fawdon plant but the focus was now on closing it in 2023.
Yumanity Therapeutics
No. of Employees Laid off: 60% of staff
Industry: Healthcare
Month: February 2022
Yumanity Therapeutics, a Boston-based clinical-stage biopharmaceutical company, will lay off around 60% of its workforce. The company is also considering “strategic alternatives” to its financial woes, including the possibility of selling or merging.
Vinasun
No. of Employees Laid off: 2500
Industry: Transportation
Month: January 2022
Taxi company Vinasun has laid off more than 2,500 employees, including some 1,800 drivers last year with the Covid-19 pandemic causing the business to shrink significantly. The company has been making losses for two consecutive years and if the situation does not improve this year, its stock may be delisted on the Ho Chi Minh Stock Exchange.
Unilever
No. of Employees Laid off: 1500
Industry: Consumer Goods
Month: January 2022
Unilever will cut about 1,500 management roles globally as part of a reorganization aimed at boosting growth. The company came under pressure from shareholders after its stock dipped 10% last year. The move will allow the company to be more responsive to consumer trends.
Royal Mail
No. of Employees Laid off: 700
Industry: Communications
Month: January 2022
Royal Mail is set to lay off around 700 management jobs as part of cost-cutting plans. This will reduce costs by around £40 million a year. The management will start negotiations with unions over the proposed job losses.
Bayada Home Health
No. of Employees Laid off: 682
Industry: Healthcare
Month: January 2022
New Jersey-based Bayada Home Health Care will close four offices in Florida and lay off 682 employees. The affected employees are mostly home health aides.
Primark
No. of Employees Laid off: 400
Industry: Retail
Month: January 2022
Primark, the High Street discount retailer will cut over 400 roles from its 191 UK stores in response to rising cost pressures and as sales remain below pre-pandemic levels.
Cineplex
No. of Employees Laid off: 5000
Industry: Entertainment
Month: January 2022
Canada’s No. 1 movie theater chain, Cineplex, has temporarily laid off 5000 part-time workers given Ontario’s recent decision to close cinemas amid the Omicron surge. The temporary closures of cinemas in Ontario are expected to last until Jan. 28.
Spectrum Pharmaceuticals
No. of Employees Laid off: 30%
Industry: Healthcare
Month: January 2022
Spectrum Pharmaceuticals (SPPI) will reduce its workforce by approximately 30% due to strategic restructuring. The company said that the physical footprint of selected facilities will be significantly reduced in 2022.
QVC
No. of Employees Laid off: 1900
Industry: Media
Month: January 2022
QVC will terminate the employment of more than 1,900 employees who worked in their Rocky Mount warehouse. The company will be closing and ceasing all operations at this facility as it was damaged by a huge fire in December.
Spin
No. of Employees Laid off: 25% of staff
Industry: Transportation
Month: January 2022
Electric scooter rental firm Spin will lay off 25% of its employees, as part of the company’s restructuring plan to exit open permit markets. Spin was bought by Ford Motor Co in 2018 and operates as a standalone business within Ford Smart Mobility.
Renault
No. of Employees Laid off: 1700
Industry: Manufacturing
Month: December 2021
Three of Renault Group’s four main French unions have signed an agreement with Renault on a plan to eliminate 1,700 jobs in exchange for guarantees on production targets and new model allocations.
Alstom
No. of Employees Laid off: 1300
Industry: Manufacturing
Month: December 2021
French train maker Alstom plans to cut up to 1,300 of its roughly 10,000 jobs in Germany over the next three years as part of a restructuring after the purchase of Bombardier’s rail unit.
Better.com
No. of Employees Laid off: 900
Industry: Real Estate
Month: November 2021
Better.com, the SoftBank-backed mortgage startup, is laying off roughly 10 percent of its workforce today, or about 900 people in the U.S. and India.
Telefonica
No. of Employees Laid off: 2700
Industry: Telecommunication
Month: November 2021
Spain’s largest telco, Telefónica, is set to lay off 2700 workers as part of a job redundancy plan aimed at reducing costs. These job cuts are following the drop in revenues due to tough market competition.
Zillow
No. of Employees Laid off: 2300
Industry: Real Estate
Month: November 2021
Seattle-based Zillow would close down its house-flipping division and lay off a quarter of its staff, as it was facing huge losses.
ByteDance
No. of Employees Laid off: 1000
Industry: Edutech
Month: November 2021
ByteDance is laying off more than 1,000 staff from its edtech businesses. ByteDance is mainly cutting in business units that offer after-school tutoring services for primary and middle school curriculum courses.
Fresenius Medical Care AG & Co.
No. of Employees Laid off: 750
Industry: Healthcare
Month: November 2021
Fresenius Medical Care AG & Co. will cut around 500 to 750 jobs in Germany as the company suffers from cost pressure and the consequences of the corona pandemic. It expects to reduce the annual costs by 500 million euros by 2025.
Stryker Corp.
No. of Employees Laid off: 532
Industry: Medical Device
Month: November 2021
Mich.-based medical device company Stryker Corp. will close its facility in Lakeland and lay off over 532 employees by the end of 2023. Stryker will close its Florida facility and move these operations to other Stryker locations.
Zymergen
No. of Employees Laid off: 532
Industry: Medical Device
Month: November 2021
Zymergen, a chemical and bio-manufacturing company, is shutting down two programs, triggering a wave of lay-offs. The company will lay off around 220 employees after restructuring the company and discontinuing its consumer care and electronics film programs.
Stellantis
No. of Employees Laid off: 400
Industry: Automotive Manufacturing
Month: November 2021
Stellantis, citing the global semiconductor chip shortage, is planning to lay off 400 workers at its Jeep Cherokee SUV plant in Belvidere, Illinois. The company will make every effort to place laid-off hourly employees in open full-time positions as they become available based on seniority.
Lundbeck
No. of Employees Laid off: 300
Industry: Pharmaceutical
Month: November 2021
Pharma company Lundbeck plans to remove 300 positions as part of a “fine-tuning” based on lessons from the pandemic. With an FDA approval last February, Lundbeck’s Vyepti, a CGRP inhibitor infusion, launched right into the pandemic and a migraine market that’s now filled with injectables and oral options by Big Pharma players. To fuel Vyepti’s future growth, the Danish company is cutting jobs.
Societe Generale SA
No. of Employees Laid off: 3,700
Industry: Financial Services
Month: October 2021
The French multinational investment bank and financial services company are to cut as many as 3,700 jobs as part of a plan announced last year to merge its domestic retail operations and boost profitability. The measures are part of a plan announced by Chief Executive Officer Frederic Oudea last December when the bank pledged to save 450 million euros by merging its two existing networks in France, Societe Generale and Credit du Nord.
Stellantis
No. of Employees Laid off: 1,800
Industry: Automotive Manufacturing
Month: October 2021
The automotive manufacturing company is cutting 1800 jobs at its Windsor auto assembly plant. Formerly known as Fiat Chrysler the company has cited microchip shortage that has impacted not just the auto industry, but other industries as well, for the job cuts. The company said it would transition the Windsor Assembly Plant from two shifts to one.
Advocate Aurora Health
No. of Employees Laid off: 400
Industry: Healthcare
Month: October 2021
Advocate Aurora Health, the largest hospital system in Illinois and Wisconsin, has terminated the employment of more than 400 employees who refused to get vaccinated for COVID-19. The number is less than 1% of about 75,000 employees.
Ford
No. of Employees Laid off: 4000
Industry: Automobile
Month: September 2021
Ford Motor ended its car production in India and laid off 4,000 workers. It is restructuring its operations in India to curb losses. The company plans to “significantly expand its India-based Ford Business Solutions team and bring to market” some of its global vehicles and electrified SUVs.
Renault
No. of Employees Laid off: 2000
Industry: Automobile
Month: September 2021
French carmaker Renault plans to cut up to 2,000 engineering and support jobs in France as it shifts into electric cars and hires in different positions.
Apogee Enterprises
No. of Employees Laid off: 400
Industry: Manufacturer of specialty glass
Month: August p2021
Apogee Enterrises is expected to reduce the company’s workforce by approximately 400 employees. The company plans the restructuring actions to realign and simplify its business structure, bring a stronger focus to serving customers, enable a more competitive cost model, and better position the company for future growth and improved profitability.
Basic Energy Services
No. of Employees Laid off: 500
Industry: Energy
Month: August 2021
Oilfield services provider Basic Energy Services is warning employees that nearly 500 jobs could be eliminated in Texas. This is according to a filing with the state’s workforce commission, as the company works through Chapter 11 restructuring that includes asset sales.
Mednax
No. of Employees Laid off: 671
Industry: Physician-Ledstore Medical Group
Month: August 2021
Mednax will remove 671 jobs from payroll at its headquarters, according to a Worker Adjustment and Retraining Notification filed with the state. The physician group owner will permanently separate these employees as it outsources its revenue cycle management operations to an outside vendor.
Ford
No. of Employees Laid off: 1000
Industry: Automobile
Month: August 2021
Ford Motor aims to lay off about 1,000 salaried positions in the US through a voluntary buyout program. The move comes as the company is trying to realign operations amid its electric vehicle transition.
M&T Bank
No. of Employees Laid off: 747
Industry: Financial Services
Month: July 2021
The Buffalo, New York-based M&T Bank will cut 747 jobs in Connecticut once its $7.6 billion acquisition of People’s United Bank is complete. About 90% of the job cuts will be at the People’s headquarters in Bridgeport. People’s headquarters will become M&T’s New England regional headquarters, once the deal is completed.
Anglo American Platinum
No. of Employees Laid off: 6000
Industry: Manufacturing
Month: July 2021
Anglo American Platinum (Amplats), the world’s biggest platinum producer, is to begin laying off an estimated 6,000 workers in South Africa on September 1. According to CEO Chris Griffith, “We are at a critical stage of the process and this restructuring will be a crucial step to enable us to return to profitability and to focus capital allocations on our mines that are best placed to sustain the business and create employment opportunities over the long term.”
Expedia
No. of Employees Laid off: 3000
Industry: Travel & Tourism
Month: July 2021
Expedia will lay off 3,000 people around the world, including 500 at the headquarters in Seattle in the United States, impacting around 12% of the global workforce, as part of a plan to streamline its business. The online travel services company had 25,400 employees globally.
The Walt Disney Co.
No. of Employees Relocating: 2000
Industry: Media & Entertainment
Month: July 2021
The Walt Disney Co. has confirmed it will relocate roughly 2,000 jobs from its California headquarters throughout the next 18 months to Lake Nona, a master-planned community in southeast Orlando. Most of the relocating professional roles will be related to Disney’s Parks, Experiences and Products division.
John Lewis Partnership
No. of Employees Relocating: 2000
Industry: Retail
Month: July 2021
John Lewis Partnership, the British department stores that has been hugely impacted by the pandemic, plans to axe 1,000 management jobs. The group has already permanently closed 16 stores during the pandemic with the loss of around 2,800 jobs.
Deutsche Bank will cut up to 450 full-time and contractor jobs at its office in Dublin. The bank plans to relocate just under 250 full-time jobs to its other branches abroad.
Abbott Labs, makers of COVID-19 testing kits and other medical technology, is laying off 400 full-time employees at its facilities in Westbrook and Scarborough.
Roche to cut 300 to 400 product development jobs globally.
BBVA
No. of Employees Laid off: 2953
Industry: Banking
Month: June 2021
BBVA, a Spanish multinational financial services company, has reached an agreement with unions to lay off 2,935 employees in Spain, around 12.6% of its banking workforce in its home market. The adjustment plan is to ensure the competitiveness and sustainability of future employment in the company.
Viatris
No. of Employees Laid off: 1400
Industry: Pharmaceutical
Month: June 2021
Viatris, formerly known as Mylan Pharmaceuticals, is closing its manufacturing facility in Morgantown, West Virginia, eliminating more than 1,400 jobs. The majority of employees will be laid off on July 31, the day the manufacturing plant is scheduled to stop operations.
General Mills
No. of Employees Laid off: 1400
Industry: Consumer Goods
Month: June 2021
General Mills, manufacturer, and marketer of branded consumer foods is to lay off 700 to 800 US and Canada jobs, and 500 to 600 international jobs. In a filing with the U.S. Securities and Exchanges Commission, General Mills said it expects to incur about $160 million in restructuring costs.
Office Depot
No. of Employees Laid off: 13,100
Industry: Retail
Month: May 2021
Office Depot is planning to close stores and lay off around 13,100 employees by 2023. It plans to restructure and realign their operational focus to support ‘business-to-business’ solutions and IT services business units and improve costs.
Provident Financial
No. of Employees Laid off: 2,100
Industry: Financial Services
Month: May 2021
The 140-year old credit company Provident Financial is withdrawing from doorstep lending, putting over 2,100 jobs at risk. The company plans to focus on the group’s profitable credit card and unsecured personal loan division Vanquis Bank, and its car finance business Moneybarn.
Norwegian Air Shuttle
No. of Employees Laid off: 1,911
Industry: Aviation
Month: May 2021
Norwegian intends to initiate a collective dismissal procedure in the coming days for 1,191 workers, 85% of its total workforce in Spain. It will also be closing three of its five bases there –
Barcelona, Gran Canaria and Tenerife. It had closed its bases in Madrid and Mallorca prior to the COVID-19 pandemic.
Lufthansa unit Swiss International
No. of Employees Laid off: 780
Industry: Aviation
Month: May 2021
Lufthansa subsidiary Swiss is cutting its fleet by 15% and its workforce by up to 780 more people, as it responds to the collapse in passenger numbers caused by the coronavirus pandemic. Under the restructuring, Swiss will reduce its fleet of 90 planes which it operates under its own name and the Helvetic brand by 15%.
BBVA
No. of Employees Laid Off: 3800
Industry: Banking & Financial Services
Month: April 2021
Spain’s second-largest bank BBVA is planning to shed 3,800 jobs, affecting 16 percent of its staff. The bank will shut down 530 of its branches as the banking sector struggles to cope with record-low interest rates and an economic downturn sparked by the coronavirus pandemic, along with a surge in popularity of online banking services.
Commerzbank
No. of Employees Laid Off: 1700
Industry – Banking & Financial Services
Month: April 2021
Commerzbank is to cut 1700 jobs in Germany in a voluntary redundancy programme to be completed by the end of the year. The cuts mark the start of a three-year cost reduction programme announced in January that will lead to the loss of 10,000 jobs and the closure of 340 branches by 2024.
General Motors
No. of Employees Laid Off: 1419
Industry – Automobile
Month: April 2021
General Motors India has laid off 1,419 workmen by invoking section 25 of the Industrial Dispute Act. The Indian subsidiary of the US carmaker has terminated the services of all its workmen at its Talegaon plant, Pune. The Employees Union is likely to challenge this move legally in court.
ASDA
No. of employees Laid Off: 1200
Industry: Retail
Month: April 2021
The supermarket giant Asda, is planning to axe up to 1,200 staff in a shake-up of its in-store bakeries after a fall in demand for traditional loaves of bread. ASDA is planning on scrapping its current method of “scratch” baking at 341 UK branches.
Nokia
No. of employees Laid Off: 5,000 – 10,000
Industry: Telecommunication
Month: March 2021
Nokia will reduce the size of its workforce over the next two years to free up money to invest in its 5G networks business. The Finnish telecommunications group will cut between 5,000 and 10,000 jobs, or 11% of its workforce, over the next 24 months. This will save the company approximately €600 million ($715.7 million) by the end of 2023. These savings will offset increased investments in R&D, future capabilities and costs related to salary inflation.
Caixabank
No. of employees Laid Off: 8,000
Industry: Financial Services
Month: March 2021
Caixabank, which has become the largest domestic bank in Spain after buying Bankia, is planning to layoff nearly 8,000, a fifth of its workforce and close more than 1500 branches, 27% of its offices in one of the biggest staff overhauls in Spain’s corporate history. The cuts would take into account overlaps and synergies from the merger and the current market conditions, and would opt for voluntary redundancy as a preferred option and also take into account performance.
Volkswagen
No. of employees Laid Off: 4,000
Industry: Automobile
Month: March 2021
Automobile company Volkswagen plans to cut up to 4,000 jobs at its plants in Germany. They will be offering early or partial retirement to older employees. The exercise is a part of cost-cutting to finance its transition to electric vehicles and other new technologies. According to the auto giant, it is making savings to invest in new technologies, as EU regulators crack down on emissions.
Sainsbury
No. of employees Laid Off: 1,150
Industry: Retail
Month: March 2021
The UK’s second largest supermarket chain, Sainsbury, is planning to remove 500 office roles by simplifying roles in human resources, the supply chain, technology, commercial operations and general merchandise and clothing divisions. While 650 other workers are under threat through plans to close an online delivery warehouse in southeast London in June. The retailer plans to save money and invest in improving its food ranges.
Heineken N.V
No. of employees Laid Off: 8,000
Industry: Brewery
Month: February 2021
Beer giant Heineken has plans to cut nearly 10% of its workforce after a sharp drop in sales due to the coronavirus pandemic. The company also reported a net loss for 2020 of €109 million (£96million), having made a €1.15 billion net profit the year before. Heineken is trying to “move beyond beer” and make non-alcoholic beer that has much potential for growth
Best Buy
No. of employees Laid Off: 5,000
Industry: Retail
Month: February 2021
The retail company has laid off 5,000 workers this month and is planning to close more stores this year and go online. Best Buy expects 40% of its sales to come from online purchases this year. The company is expecting for 40% of its sales to come from online purchases this year. This was the reason for it to alter its workforce in response to this shift.
Rabobank
No. of employees Laid Off: 5,000
Industry: Financial Services
Month: February 2021
Netherland-based lender Rabobank has plans to cut its workforce by 5000 over the next five years. The company also has plans to downsize its branch network as part of its ongoing cost optimization measures following the pandemic. The bank will invest in digital technology over the coming years, to improve its operational and financial performance in a low-interest environment.
Commerzbank
No. of employees Laid Off: 10,000
Industry: Financial Services
Month: January 2021
Commerzbank, a major German bank operating as a universal bank, plans to slash 10,000 jobs and 340 branches by 2024 as part of a strategic overhaul. The changes would help the bank create €1.4 billion ($1.7 billion) in annual savings by 2024.
FedEx Europe
No. of employees Laid Off: 6,300
Industry: Delivery Services
Month: January 2021
The delivery services company FedEx Corp’s express unit, is to lay off upto 6,300 employees in Europe, as it nears the completion of the network integration of its TNT Express unit. FedEx acquired TNT for $4.8 billion, to expand its presence in Europe.
Tech Mahindra
No. of employees Laid Off: 5,000
Industry: Technology
Month: January 2021
IT major Tech Mahindra ist to reduce its business process services (BPS) headcount by 5,000 to 38,000 this year. The large layoffs are because most parts of the tasks are completed through automation and artificial intelligence.
Ford
No. of employees Laid Off: 5,000
Industry: Automobile
Month: January 2021
Ford Motor Co will stop making vehicles in Brazil, closing its three plants to shore up its money-losing operations. This move will impact about 5000 jobs. Chief Executive Officer Jim Farley stated that it was part of a broader turnaround effort.
Banco Santander SA
No. of employees Laid Off: 3,572
Industry: Financial services
Month: December 2020
Source
Banco Santander SA, a leading retail and commercial bank, plans to lay off as many as 3,572 jobs in Spain. The company has signed an agreement to this effect and will close 1,033 branches in the country, the CCOO union said in a statement.
Coca-Cola Company
No. of employees Laid Off: 2,200
Industry: Beverages
Month: December 2020
Coca-Cola Co. will cut 2,200 jobs globally, including 1,200 in the United States, as the company accelerates its business restructuring. Earlier in August, it had offered voluntary separation packages to 4,000 workers in the United States, Canada, and Puerto Rico.
Debenhams
No. of employees Laid Off: 12,000
Industry: Retail
Month: December 2020
Debenhams, the British clothing retailer, will shut down all of its 124 stores in Britain, impacting the jobs of 12,000 employees. The UK stores will operate only until stocks are cleared. The department store chain is now set to enter liquidation, which means it will cease to exist as a company.
Dentsu International
No. of employees Laid Off: 6,000
Industry: Media and Digital Marketing Communications
Month: December 2020
In a filing with the Tokyo Stock Exchange, the Japan-based global giant Dentsu Group plans to cut about 12.5% of its staff – about 6,000 jobs, as part of its major restructuring. The estimated job cuts are being spread across the organization globally.
Exxon Mobil
No. of employees Laid Off: 14,000
Industry: Oil and Gas
Month: December 2020
Exxon Mobil, the nation’s largest oil company, plans to lay off an estimated 14,000 employees globally, or 15%, including contractors. The layoffs will take place in February 2021.
3M Company
No. of employees Laid Off: 4,600
Industry: Conglomerate
Month: December 2020
3M Co. the Post-it maker and diversified industrial company, is cutting about 3% of its global workforce, amounting to approximately 2,900 jobs, enabling the company to accelerate its restructuring plan.
3M had laid off 1,700 workers during its second-quarter — with many of the jobs related to the company’s divested drug delivery business.
John Lewis Department Stores
No. of employees Laid Off: 1,500
Industry: Retail
Month: November 2020
John Lewis laid off 1,500 office jobs as part of its effort to make £300 million in annual cost savings and return to profitability. It is also closing eight of the John Lewis department stores and four Waitrose supermarkets.
Raytheon Technologies
No. of employees Laid Off: 19,000
Industry: Manufacturing
Month: November 2020
Raytheon Technologies is cutting 15,000 staff and 4,000 contractor positions, largely at the company’s Pratt & Whitney and Collins Aerospace divisions.
Qantas Airways
No. of employees Laid Off: 8500
Industry: Aviation
Month: November 2020
Qantas Airways Ltd. recently cut up to 2,500 jobs, by outsourcing its ground handling operations to save more than $100 million. These outsourcing cuts come on top of 6000 layoffs revealed in June, bringing total job losses across the group to about 8500.
Walt Disney Co.
No. of employees Laid Off: 32,200
Industry: Theme Parks
Date announced: November 2020
In April 2020, Disney announced that it would furlough about 100,000 of its workers at its theme parks in the United States. At the time of the announcement, the park had been closed for more than a month. Fast-forward November, Walt Disney is planning to lay off about 32,000 workers, as the company struggles with limited visitors at the theme parks.
Alberta Health Services (AHS)
No. of employees Laid Off: 11,000
Industry: Healthcare
October 2020
In a massive overhaul of Alberta’s health-care system citing the ongoing pandemic, Alberta Health Services (AHS) is to lay off Between 9,700 and 11,000 employees. Most of the jobs are in the laboratory, linen, cleaning, and in-patient food services that will be outsourced to private companies.
Cathay Pacific
No. of employees Laid Off: 5,900
Industry:Aviation
October 2020
The Cathay Pacific Group has announced a corporate restructuring in response to the continued impact of the COVID-19 pandemic laying off 5,900 jobs – some 5,300 Hong Kong-based employees and approximately 600 employees based outside of Hingkong Kong.
Cineworld
No. of employees Laid Off: 45,000
Industry: Entertainment
October 2020
Cineworld, the world’s second-biggest cinema chain, closed its U.K. and U.S. movie theatres this week, laying off as many as 45,000 workers, as it fights a coronavirus-related collapse in film releases and cinema-going.
American Airlines
No. of employees Laid Off: 19,000
Industry: Aviation
September 2020
American Airlines Group is laying off over 19,000 employees as scheduled, in addition to thousands more who left the company or agreed to voluntary furloughs.
Costa Coffee
No. of employees Laid Off: 1,650
Industry: British Coffee Chain
September 2020
Costa Coffee, which has over 2700 stores across the UK, has cut 1,650 jobs. With over 2,400 stores having re-opened, the business has been slow to return in some areas. The move has impacted around 10% of the entire workforce employed in wholly-owned Costa stores.
Marriott Vacations Worldwide
No. of employees Laid Off: 3,300
Industry: Timeshare Vacations
September 2020
Timeshare giant Marriott Vacations Worldwide is to lay off roughly 3,300 associates, as per the regulatory filing. The company will incur about $25 to $30 million in restructuring and related charges due to layoffs.
Ralph Lauren
No. of employees Laid Off:
Industry: Retailer
September 2020
The clothing retailer Ralph Lauren will let go 15%, more than 3,600 workers of its global workforce as part of a broad reorganization, which will help reduce costs by $180 million to $200 million.
MGM Resorts International
No. of employees Laid Off: 18,000
Industry: Hotels
August 2020
MGM Resorts International has sent separation letters to 18,000 U.S. employees who were furloughed during the coronavirus pandemic, making their job cuts permanent. The company reiterated that the employees who are laid off will remain on the company’s recall list and if hired back by the end of 2021, they shall retain their seniority and benefits.
Pret a Manger
No. of employees Laid Off: 2,800
Industry: Restaurant
August 2020
Pret a Manger, the sandwich shop chain will cut around 2,800 jobs in stores, and around 90 support staff, on August 31st. It will be closing 30 of its 440 UK stores, by 2021.
Airbus
No. of employees Laid Off: 15,000
Industry: Aviation
Month: July 2020
Airbus will lay off about 15,000 employees – more than 10% of its workforce, over the next 12 months. Airbus has to cut more jobs to sustain itself and is trying to reduce the number of layoffs through long-term partial employment, voluntary departures, and early retirement programs.
Nordstrom
No. of employees Laid Off: 6,000
Industry: Retail
Month: July 2020
Nordstrom has reduced its workforce, including corporate operations, by 6,000 amid the economic decline of approximately 40% in sales. The company is permanently closing 16 full-line department store locations across the nation.
AT&T
No. of employees Laid Off: 3,400
Industry: Telecommunication
Month: June 2020
AT&T Inc plans to lay off more than 3,400 technician and clerical jobs across the country. The U.S. telecom and media giant also plans to permanently close over 250 stores, which would impact about 1,300 retail jobs. The job cuts are part of the company’s effort to focus on growth areas and address customer demand for some legacy products.
British Petroleum (BP)
No. of employees Laid Off: 10,000
Industry: Energy
Month: June 2020
British energy giant BP is to lay off close to 10,000 jobs, or almost 15 percent of its global workforce, most by the end of the year, after the coronavirus pandemic reduced the demand for oil. The affected roles will be mostly senior office-based positions and not a front-line operational staff.
Bombardier
No. of employees Laid Off: 2,500
Industry: Aviation
Month: June 2020
Bombardier will lay off 2,500 workers as the company struggles amid dwindling demand for business jets. 1,500 of the permanent job cuts will be in its Quebec facilities and 400 in Ontario, with the rest of the layoffs in its international facilities.
Lufthansa
No. of employees Laid Off: 22,000
Industry: Aviation
Month: June 2020
German airline Lufthansa announced on June 11 to cut 22,000 jobs. In May, Lufthansa agreed to a rescue deal worth €9bn (£8bn) with the German government to save it from collapse. The German government will take a 20% stake in the firm, which it intends to sell by the end of 2023. Lufthansa has reached a new deal with the trade union, Verdi, to cut 200 million euros (£178 million) in costs in return for making no compulsory redundancies in 2021.
WestJet
No. of employees Laid Off: 3,333
Industry: Aviation
Month: June 2020
The Calgary-based WestJet laid off 3,333 staff in a move aimed at streamlining its business, the latest such workforce reduction for the hugely impacted airline industry. WestJet aims to consolidate and contract out much of its operations.
Cisco
No. of employees Laid Off: 2,500
Industry: Technology
Month: March 2020
The networking giant, Cisco Systems, has laid off 3,500 employees since the COVID-19 pandemic began, in a company-wide major restructuring.
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