Job Cuts

Disney has cut billions of dollars worth of costs and eliminated thousands of positions in recent years, with reductions impacting every division including ABC, Pixar, ESPN, the film studio

The State Council guidelines call for employment-risk assessments of AI projects, advance notice to affected workers, retraining support and stronger labour protections as businesses adopt AI

Barclays plans to cut around 5,000 jobs, or 5% of its workforce, this year as it uses AI to reduce costs, even as third-quarter profit rose 12% to £2.3 billion.

Barclays plans to cut about 5% of its workforce as it adopts AI to reduce costs, while third-quarter fixed-income trading revenue fell 19% and equities revenue jumped 47% year-on-year

Amazon has cut nearly 1,000 white-collar jobs, affecting employees in India, the US and the UK. The layoffs mainly impact its Stores unit as the company expands its focus on AI

The tepid forecast on Thursday underscored that Nike's challenges will likely persist for at least several more quarters - especially in China, where sales tumbled 26%

Adidas said the changes were intended to simplify parts of the organisation, strengthen critical capabilities and position the company for long-term success

Samsung India's job cuts span multiple levels, with director-level officials, team leads, branch managers and area managers among those affected

Jaguar Land Rover plans a voluntary redundancy programme as it targets 1.7 billion euros in savings over two years and seeks to lower its break-even point

Volkswagen's board of directors on Thursday approved a sweeping cost-cutting plan that would see 50,000 jobs cuts, slim its model line by half and end auto production at four German plants. On top of 50,000 job losses already previously agreed, the company would lose 100,000 positions. The plan put forward by CEO Oliver Blume to counter low-cost competition in China and headwinds from US tariffs overcame resistance from employee representatives and the regional government, which holds a stake in the company.

Apple is also laying off employees in its Intelligent Systems Experience, a team within its software engineering organisation responsible for some of the AI features on its devices

Nearly 40% of Bengaluru tech centre's workforce laid off in first major retrenchment since 2015

Volkswagen CEO Oliver Blume intends to reduce investment by around 15% to just over €130 billion ($148 billion) over the next five years

The company said it was making strategic investments in silicon, optics, security and employees' use of AI across the company, as it reduces roles in some areas

The internet infrastructure and cybersecurity company plans to cut more than 1,100 jobs globally

The debate started in February after Block Inc., the owner of Square and Cash App, announced it would cut a whopping 50 per cent of staff, citing a secular change in how AI affects its operations

After massive layoffs in the IT sector, are banks next? From Axis Bank to HDFC Bank, early signs of job cuts are emerging. Why are banks cutting jobs even as they expand?

Big Tech layoffs intensify as companies ramp up AI investments, cutting over 92,000 jobs in 2026 while hiring sentiment weakens amid ongoing workforce rationalisation

Meta told personnel in an internal memo on Thursday that it planned to cut 10 per cent of workers, or roughly 8,000 employees, starting on May 20

Salary delays have stretched to months while fleet size has dropped, pushing the cash-strapped airline to seek govt funding as competition, operational constraints intensify, a media report said