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Aug 11

Companies that announced Major Layoffs and Hiring Freezes

  • August 11, 2026
  • Layoff/Downsizing

Intellizence offers the latest Layoffs, Downsizing, Job Cuts, and Hiring Freeze data for market, customer, sales, and risk intelligence. We monitor public sources, such as news and WARN filings, for the latest layoff and hiring freeze announcements. We aggregate, de-duplicate, normalize, and deliver the curated layoff data through an API and a Web dashboard.

Layoff Tracker 2026 – Recent Layoffs of The Week

  • Aug 11, 2026: Rapid7 lays off 12% of staff as new CEO pushes shift to core platform.
  • Aug 10, 2026: Howard University offers buyouts to 600 employees as financial pressures mount.
  • Aug 08, 2026: Full list of Scottish restaurants set to close next month as Whitbread cuts 3,800 jobs.
  • Aug 07, 2026: Portillo’s lays off 18% of corporate staff at Oak Brook HQ.
  • Aug 06, 2026: Salesforce Plans 133 Layoffs in Washington, California.

Layoff 2026 Intellizence-Data Signal scaled

 

Major Layoffs and Hiring Freezes in 2026

Lufthansa

No. of Employees to be Laid off: 550

Industry: Aviation

August 2026

“New Ways”—targeting up to 550 full-time administrative roles at the core Lufthansa Airlines brand and central corporate functions as an initial step toward eliminating approximately 4,000 office jobs by 2030.

Zillow

No. of Employees to be Laid off: 550

Industry: Aviation

August 2026

Zillow will lay off just over 500 employees as part of a new organizational restructuring aimed at supporting the company’s next phase of growth. The company cut about 200 positions in January and posted $46 million in Q1 2026 net income.

TikTok

No. of Employees to be Laid off: 500

Industry: Technology

August 2026

TikTok is laying off 250 employees and closing its Nashville office. The company there housed some members of TikTok’s content-moderation team. Zanna Crowley, a spokesperson for the TikTok USDS Joint Venture, confirmed the news, saying that the shuttering was to “streamline our operations and better align our teams for long-term growth.”

H&M

No. of Employees to be Laid off: 250

Industry: Retail

August 2026

H&M, a high street fashion chain, has reportedly filed for redundancies at its UK head office, which could impact up to 250 people. The employees have been informed about the reorganisation and consultation, but the exact number of redundancies has not yet been confirmed.

Porche

No. of Employees to be Laid off: 5000

Industry: Automobile

July 2026

German luxury carmaker Porsche will cut around one in five jobs by 2035, ​with 9,000 positions to be axed in total, as parent Volkswagen and its ‌brands restructure due to weak demand and stiff competition. Porsche management and labour representatives have finally agreed to 5,000 additional job cuts that avoid compulsory redundancies through ​measures like natural attrition and voluntary schemes.

Centrica

No. of Employees to be Laid off: 1300

Industry: Energy

July 2026

British Gas owner Centrica to cut 1,300 jobs due to market volatility, asset disposals and adverse weather. The job cuts, some of which have already ​been completed, include a proposed reduction of about 500 staff in customer operations ⁠and fewer outsourced offshore positions.

Telefonica Germany

No. of Employees to be Laid off: 1100

Industry: Telecommunications

July 2026

Telefonica Germany to cut up to 1,100 jobs and close around 60 shops to save EUR 185 million annually. The German subsidiary of the Spanish group, which trades as O2, said the reduction was part of a wider transformation of the business.

Amazon

No. of Employees to be Laid off: 1100

Industry: Technology

July 2026

Amazon is temporarily shutting down two Florida warehouses, laying off 1,100-plus workers and spending $400 million to retrofit both facilities from scratch.

Verizon

No. of Employees to be Laid off: 500

Industry: Telecommunications

July 2026

Verizon plans to sell 274 retail stores and cut 500 jobs as part of a broader restructuring initiative. U.S. wireless carrier Verizon (VZ.N), opens new tab said on Thursday it will sell 274 company-owned retail locations ​and cut about 500 corporate jobs as part of its ‌restructuring. The moves will affect about 3,000 retail and corporate employees. Verizon will own 1,000 stores after the sale,

Entain

No. of Employees to be Laid off: 500

Industry: Technology

July 2026

Ladbrokes owner Entain will cut ​a number of roles across the group, ‌aiming to cut costs and mitigate the impact of online gambling tax increases and growing competition from prediction markets. Reuters stated that 500 ​roles were being removed.

Telefonica Germany

No. of Employees to be Laid off: 1400

Industry: Telecommunications

July 2026

 Telefónica Germany (operating as O2) is indeed planning to cut around 1,400 jobs—roughly 18% of its workforce in a business restructuring.. This restructuring aims to reduce costs, streamline operations, and secure the company’s long-term competitiveness.

British American Tobacco

No. of Employees to be Laid off: 9000

Industry: Consumer Products

July 2026

British American Tobacco (BAT) announced a major restructuring plan that will impact approximately 9,000 employees, representing nearly 20% of its global workforce.

Microsoft

No. of Employees to be Laid off: 4,800

Industry: Technology

July 2026

Microsoft officially announced a fresh round of layoffs impacting roughly 4,800 employees globally, which accounts for about 2.1% of its workforce. While the initial estimate was 5500, the company confirmed that the restructuring will hit the Xbox gaming and commercial sales divisions the hardest.

Iberia

No. of Employees to be Laid off: 844

Industry: Aviation

July 2026

Iberia has successfully achieved nearly 80% of its workforce reduction target, with 844 employees accepting the voluntary redundancy programme.  The scheme, which was formally proposed for up to 996 workers across various departments, is part of a modernization and digital transformation strategy linked to the carrier’s broader Flight Plan 2030.

VolksWagen

No. of Employees to be Laid off: 100,000

Industry: Automobile

June 2026

Volkswagen is closing four factories in Germany and cutting as many as 100,000 jobs, in what would amount to the “biggest” restructuring in the global automotive industry. The potential reductions would add to 50,000 job cuts already planned, taking the overall total to as many as 100,000.

Oracle

No. of Employees to be Laid off: 500

Industry: Technology

June 2026

Oracle will lay off approximately 500 employees in Romania. The move is part of the company’s long-running global restructuring aimed at strengthening its cloud and artificial intelligence business

Paytm

No. of Employees to be Laid off: 400

Industry: Technology

June 2026

Paytm cuts 400 jobs but opens 4,000 new roles in major AI and merchant expansion drive. The layoff is part of a bigger workforce cutdown that took place over the last year as Paytm reshaped its operations and worked on becoming more efficient.

Ubisoft

No. of Employees to be Laid off: 380

Industry: Technology

June 2026

Ubisoft lays off over 380 employees and shuts down more studios in Barcelona and San Francisco.

Wix

No. of Employees to be Laid off: 1ooo

Industry: Technology

May 2026

Wix plans to cut 1,000 jobs in the coming months, after weak Q1 earnings. The company will reduce roughly 20% of its workforce after a steep stock decline and rising AI-related costs. Ubisoft’s studio in Barcelona, Spain, will also be restructured to focus its efforts on Rainbow Six.

Groupon

No. of Employees to be Laid off: 400

Industry: Financial Services

May 2026

Groupon will lay off nearly a quarter of its employees, cutting up to 400 positions globally in a restructuring to advance its previously disclosed strategy to rebuild as an AI-native company. The online marketplace company expects to record between $7 million and $13 million in pretax charges tied to the restructuring, the majority of which it anticipates will stem from employee severance and compensation benefits.

Trimet

No. of Employees to be Laid off: 400

Industry: Not-for-profit/ Ngo

May 2026

TriMet to shed 400 positions as ‘fiscal cliff’ looms. TriMet has finalized service cuts to buses and MAX, along with a historic reduction in staffing, set to go into effect this summer.

Okaïdi

No. of Employees to be Laid off: 290

Industry:  eCommerce

May 2026

The French children’s clothing chain Okaïdi plans to cut up to 290 jobs and close nearly a hundred stores in Europe. The measures are part of the court-supervised debt restructuring process the company has been undergoing since February. According to Okaïdi, the restructuring plan aims to “refocus the French store network on the highest-performing locations.” The measures are set to take effect in the second half of 2026.

Gambling.com

No. of Employees to be Laid off: 25% of Workforce

Industry:  Gambling, Technology

May 2026

Gambling.com is cutting 25% of its workforce as part of a restructuring to save $13 million annually. Incoming CEO Kevin McCrystle framed the cuts as a restructuring for an “AI-first world,” noting the company has been focused on AI adoption for the past 18 months.

Takeda Pharmaceuticals

No. of Employees to be Laid off: 4,500

Industry:  Pharmaceuticals

May 2026

Takeda Pharmaceutical plans to ​cut about 4,500 jobs in 2026, as part of ‌a restructuring to centralize corporate functions and reduce costs.
The company expects annual savings of more than 200 billion yen ($1.27 billion).

Cisco

No. of Employees to be Laid off: 4,500

Industry:  Technology

May 2026

Cisco plans to cut about 4,000 jobs to refocus on AI, affecting less than 5% of its workforce. Despite layoffs, Cisco sees strong quarterly results and raises sales forecast on AI demand. As part of restructuring, the company will invest more in AI chips, fiber optics, and security amid job cuts.

Ageas

No. of Employees to be Laid off: 1800

Industry:  Insurance

May 2026

Ageas plans to cut almost half its workforce following the acquisitions of Esure and Acromas. The group currently employs 3,800 people across Ageas UK and Esure, supported by 400 outsourced roles. It expects these will reduce to 2,000 by 2029, supported by 900 outsourced roles.

Nissan

No. of Employees to be Laid off: 900

Industry:  Automobile

May 2026

Nissan Motor will cut about 900 jobs in Europe, around 10% of its total workforce, and consolidate production from two lines to one at its Sunderland plant in the UK as part of a global restructuring drive. The job cuts will focus on white-collar and warehouse roles. The company’s current European headcount stands at about 9,300.

Spirit Airlines

No. of Employees to be Laid off: 800

Industry:  Aviation

May 2026

Spirit Airlines’ shutdown will leave nearly 800 Orlando workers without jobs. The cessation of operations marks the first major U.S. airline to go out of business due to financial problems in a quarter-century.

Coinbase

No. of Employees to be Laid off: 700

Industry:  Financial Services

May 2026

Coinbase is cutting 700 jobs, or roughly 14% of its workforce, as the cryptocurrency trading company turns to artificial intelligence to reduce costs and boost productivity. In a letter to employees shared on social media, Coinbase co-founder and CEO Brian Armstrong said the crypto exchange is streamlining its operations amid continued market volatility.

Group1 Automotive

No. of Employees to be Laid off: 700

Industry:  Automobile

May 2026

Houston-based Group 1 Automotive has quietly laid off nearly 700 U.S. full-time jobs as part of a broad cost-reduction campaign. The layoffs hit both dealership-level roles and corporate staff as the company tries to rein in selling, general and administrative costs, while saying it is protecting revenue engines like parts and service.

Whitbread

No. of Employees to be Laid off: 3,800

Industry:  Tourism & Hospitality

April 2026

Premier Inn owner Whitbread is to cut 3,800 jobs in the UK and Ireland as part of a savings plan. The company plans to save £250m and overhaul its restaurants. Whitbread also said it would change the way it serves food and cut £1bn from its capital building programme.

Meta

No. of Employees to be Laid off: 8,000

Industry:  Technology

April 2026

Meta will cut 10% of its workforce, about 8,000 employees. The job cuts will begin on May 20, and the company is scrapping plans to hire for 6,000 open roles. Meta’s latest layoffs follow several smaller job reductions necessary to improve efficiency and focusing on generative AI.

Nike

No. of Employees to be Laid off: 1,400

Industry:  Retail

April 2026

Nike to cut 1,400 workers in latest round of layoffs, primarily in its technology department. The job cuts are part of its efforts to better position the company for future growth as part of its “Win Now” strategy. The layoffs come after 775 Nike roles were eliminated in January.

Renault SA

No. of Employees to be Laid off: 2,400

Industry:  Automobile

April 2026

Renault SA plans to reduce its global engineering workforce by 15% to 20% over the next two years, affecting up to 2,400 employees. Chinese players are known for their low costs and shorter development times. Renault CEO Francois Provost has said the group should mirror the Chinese ​methods.

British Broadcasting Corporation

No. of Employees to be Laid off: 2000

Industry:  Media & Entertainment

April 2026

BBC to cut up to 2,000 jobs under ‘financial pressures’. The BBC has announced it will cut between 1,800 and 2,000 jobs – or almost one in 10 – in an attempt to tackle “significant financial pressures”. The broadcaster needs to make £500m savings over the next two years, and interim director general Rhodri Talfan Davies did not rule out axing entire channels or services.

Helvetia Baloise 

No. of Employees to be Laid off: 2,600

Industry:  Insurance

April 2026

Swiss insurer Helvetia Baloise to cut up to 2,600 jobs following merger. The cuts will mainly affect the group headquarters and local businesses in Switzerland and Germany. In Germany, 260 to 330 jobs are to be eliminated.

Snap

No. of Employees to be Laid off: 1000

Industry:  Technology

April 2026

Snap is cutting 1,000 jobs after an activist investor said it ‘Over-Hired’. This layoff of 16% of full-time staff, becoming the latest tech firm to shift toward leaner teams, as it ramps up AI adoption to streamline operations.

Clerwater Paper

No. of Employees to be Laid off: 20% of Workforce

Industry:  Manufacturing

April 2026

Clearwater Paper Corporation plans restructuring in Cypress Bend, Arkansas facility, resulting in the reduction of approximately 20% of salaried and hourly roles. The company plans to operate the facility at about half of its production capability, saving  $8 to $12 million of annualized cost, while not impacting shipment volumes.

“We are faced with a supply-driven downturn in our industry that is pressing margins and cash flows. We’ve made this difficult decision to improve our operating rates and reduce costs,” said Arsen Kitch, president and chief executive officer.

Walt Disney

No. of Employees to be Laid off: 1000

Industry:  Entertainment

April 2026

Walt Disney is planning to cut ​as many as 1,000 positions, many of which will be made in the company’s marketing department.
The company that ⁠planned the upcoming job cuts ​began before Josh D’Amaro assumed his new role ​as Disney’s chief executive officer in March.

Oracle

No. of Employees to be Laid off: 1000

Industry:  Technology

April 2026

Tech giant Oracle has laid off thousands of its employees in massive job cuts that could reportedly impact 30,000 jobs globally amid the company’s push to fund more artificial intelligence infrastructure. Employees in the U.S., India, Canada, Mexico, and other countries began receiving job termination emails from “Oracle Leadership” at about 6 am local time.

General Motors

No. of Employees to be Laid off: 1300

Industry:  Automobile

April 2026

General Motors is idling a ​Detroit electric vehicle plant until April 13, extending ‌downtime that began on ‌March 16. “Factory ZERO will temporarily adjust production to align ​EV production with market demand,” a GM spokesperson said. T

Fujitsu

No. of Employees to be Laid off: 425

Industry:  Technology

April 2026

Fujitsu has announced a voluntary redundancy programme which will result in 425 job cuts. The company will cut nearly 10% of the UK Workforce. Fujitsu has announced a voluntary redundancy scheme targeting 425 roles across its UK operations, with the threat of compulsory redundancies if voluntary targets aren’t met.

Epic Games

No. of Employees to be Laid off: 1000

Industry:  Technology

March 2026

Epic Games is laying off over 1000 Epic employees. The downturn in Fortnite engagement that started in 2025 means they were spending significantly more than they were making. This layoff, together with over $500 million of identified cost savings in contracting, marketing, and closing some open roles, puts Epic in a more stable place.

Ikea

No. of Employees to be Laid off: 800

Industry:  Retail

March 2026

IKEA’s parent group, Ingka Group, plans to cut 800 roles as it streamlines its organisational structure.

Meta

No. of Employees to be Laid off: 700

Industry:  Technology

March 2026

Meta is laying off about 700 people at Facebook and its VR division Reality Labs, according to a new report from CNBC. The layoffs come as Meta seeks to pivot away from its metaverse bet and lean more heavily into AI.

Iberia Airlines

No. of Employees to be Laid off: 996

Industry:  Aviation

March 2026

International Consolidated ​Airline Group’s ‌Spanish carrier Iberia plans to ⁠lay ​off up to ​996 workers. Iberia said it had ​established ​a timetable for negotiations ‌with ⁠workers’ representatives. The cuts will ​include ​106 ⁠pilots and cabin ​crew and ​753 ⁠ground crew, Iberia ⁠said.

Volkswagen

No. of Employees to be Laid off: 50,000

Industry:  Automobile

March 2026

Volkswagen plans to restructure and will lay off 50,000 employees by 2030 as it faces falling sales in China and North America and punitive US tariffs. CEO Oliver Blume said in a recent interview that German automakers could learn a lot from China to structure themselves.

Meta

No. of Employees to be Laid off:   16000

Industry:  Technology

March 2026

Meta is planning sweeping layoffs that could affect 20% or more of the company to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers. The total could be around 16000 employees, however, no date has been set for these cuts.

Atlassian Corp

No. of Employees to be Laid off:   1000

Industry:  Technology

March 2026

Atlassian would lay off around 10% of its workforce, or 1,600 employees, to push into artificial intelligence and enterprise sales.  “Our ​approach is not ‘AI replaces people.’ But it would be disingenuous to pretend AI doesn’t change the mix of skills we need or the number of roles required in certain areas. It does,” CEO Mike Cannon-Brookes said in a ​memo to employees.

Oracle

No. of Employees to be Laid off:   1000

Industry:  Technology

March 2026

Oracle is planning another wave of job cuts as part of a major restructuring plan, even as it ramps up investment in artificial intelligence and cloud infrastructure. The company will lay off around 1000 employees. It has added $500 million to its restructuring budget for the fiscal year, bringing the total to $2.1 billion – a move analysts say signals that thousands more positions could be eliminated in the coming months.

Capital One

No. of Employees to be Laid off:   1139

Industry:  Banking

March 2026

Capital One is laying off more than 1,1139 workers, two years after it acquired Riverwoods-based Discover Financial Services. Nearly half of those workers are based in Illinois — 532 employees at the former Discover headquarters in Riverwoods and 69 workers who live in Illinois but work remotely. The remaining 538 employees to be laid off are working remotely and report to a team based in Riverwoods.

Kuehne+Nagel

No. of Employees to be Laid off: 2000

Industry:  Logistics

March 2026

Kuehne + Nagel International AG plans to cut more than 2,000 jobs as it tackles an increased capacity in the transportation market, and the war with Iran makes the global cargo outlook more unpredictable. The Swiss logistics services provider plans to save 150 million Swiss francs ($191 million) from the job cuts

Morgan Stanley

No. of Employees to be Laid off: 2500

Industry:  Banking

March 2026

Morgan Stanley is laying off around 3% of its workforce, or about 2,500 people. The cuts are affecting employees in the bank’s three major divisions – investment banking and trading, wealth management, and investment management.

Ergo

No. of Employees to be Laid off:   1000

Industry:  Insurance

February 2026

German insurer Ergo, a subsidiary of Munich Re, will cut around 1,000 jobs by 2030 as AI systems automate traditional insurance tasks. The reduction, about 200 jobs annually, will occur through voluntary measures without forced layoffs. Ergo is also investing in reskilling programs to help affected employees transition to new roles.

Target

No. of Employees to be Laid off:   500

Industry:  Retail

February 2026

Target is streamlining its retail model as it looks to invest in frontline store employees, eliminating around 500 office and supply chain jobs.
The big-box retailer will reduce the number of store districts – the regions that Target’s stores are grouped into – to facilitate payroll for additional labor and hours, as well as guest experience training for store staff.

Panasonic Holdings

No. of Employees to be Laid off:   2000

Industry:  Manufacturing

February 2026

Panasonic Holdings (HD) is to lay off 2000 more employees in addition to the 10,000 announced in May 2025.  This is because the company received 2,000 more applications than expected when it solicited voluntary retirements both in Japan and overseas. The cost of restructuring, including severance pay, will increase to 180 billion yen from the 150 billion yen forecast in October last year.

Maersk

No. of Employees to be Laid off:   1000

Industry: Shipping & Ports

February 2026

Maersk will lay off 1,000 administrative jobs as part of broader cost-cutting measures. The Danish shipping giant A.P. Moller-Maersk has announced layoffs as it faces falling earnings caused by lower freight rates and continued overcapacity in the global shipping industry. The company said the job cuts will affect about 15% of its corporate roles across regions, countries, and its headquarters.

Boston Public School

No. of Employees to be Laid off:   400

Industry: Education

February 2026

Boston Public Schools Superintendent Mary Skipper has proposed a $1.71 billion budget for the next school year as the district grapples with growing financial pressures and more layoffs. The school is expected to cut between 300 and 400 staff positions due to rising costs.

Workday

No. of Employees to be Laid off:   400

Industry: Technology

February 2026

Workday plans to lay off about 400 employees, roughly two percent of its global workforce, as the enterprise software company seeks to realign staffing with what it describes as its “highest priorities.” The job cuts, disclosed in a regulatory filing, will fall hardest on non-revenue-generating roles.

Ericsson

No. of Employees to be Laid off:   1600

Industry:  Telecommunication

January 2026

 Ericsson plans to cut some 1,600 jobs in Sweden, according to the telecommunications equipment maker.  The company is doubling down on recent cost-saving measures that have helped it weather a prolonged downturn in telecoms spending. Ericsson has been steadily reducing headcount over the past three years to maintain profitability as it grappled with a slowdown in 5G spending and the impact of U.S. import tariffs.

Citi Group

No. of Employees to be Laid off:   1000

Industry:  Banking

January 2026

Citigroup has started one of the most aggressive restructurings on Wall Street, beginning with about 1,000 job cuts this week as part of a broader plan to eliminate 20,000 roles and reset its cost base by roughly $200 million.

Meta

No. of Employees to be Laid off:   10% of its Employees

Industry:  Technology

January 2026

Meta plans to cut 10% of employees, around 1000 jobs in Reality Labs business, as focus shifts to AI. The division employs roughly 15,000 people and has a strong presence in the Seattle area, which is responsible for the company’s “metaverse” technologies that work in conjunction with augmented and virtual reality.

Zalando 

No. of Employees to be Laid off:   2700

Industry: Retail

January 2026

The German online fashion retailer  Zalando plans to close its distribution centre in Erfurt, Germany, as part of a restructuring of its European logistics operations. The move will affect approximately 2,700 employees at the facility. The lay-offs at the fulfilment site will conclude by September 2026.

Claire’s & The Original Factory Shop

No. of Employees to be Laid off:   2500

Industry: Retail

January 2026

High street retailers Claire’s and The Original Factory Shop are being put into administration, risking 2,500 jobs. Claire’s, popular with tweens for its accessories, was seeking a buyer after its US owner filed for bankruptcy last year. Modella Capital, which owns both chains, said the retailers would enter insolvency proceedings across the UK and Ireland.

Aker Solutions

No. of Employees to be Laid off:   500

Industry:  Technology

January 2026

Norwegian company Aker Solutions will cut capacity and more than 500 roles as it prepares for lower activity in 2026. The company expects to reduce the headcount to affect just over 500 of the company’s 12,000 permanent full-time positions.

 

 

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