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 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.
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.
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.
Conde Nast
No. of Employees Laid off: 90%
Industry: Publishing
Month: 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 during 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 layoff 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 2021
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 2021
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 2021
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
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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