After widespread corporate layoffs in 2025, the trend seems to continue in 2026, with tech giant Amazon planning to cut about 30,000 corporate jobs next week. Not just Amazon, several other major corporations have similarly announced their strategic plans to reduce their workforce this year. Let’s have a detailed look at some of them –
Amazon
Citing two people familiar with the matter, Reuters was the first to report on Amazon’s plan to cut around 30,000 jobs next week, making it potentially the company’s largest layoffs. The job cuts are expected to impact teams across Amazon Web Services (AWS), retail, Prime Video, and human resources, though the final details have not been confirmed yet.
The report noted that the Seattle-based company conducted the largest rounds of layoffs in 2022 with about 27,000 job losses. Meanwhile, Amazon cut around 14,000 office jobs in 2025, linking the workforce reduction to the increased usage of artificial intelligence (AI). The company argued that AI is helping companies work faster and more efficiently. However, CEO Andy Jassy later clarified that the cuts were about reducing bureaucracy and improving company culture.
Citigroup Inc.
Citigroup is planning to cut roughly 1,000 positions this month, according to several media reports. The move is said to be part of a staff reduction plan the bank announced two years ago, under which it aims to cut 20,000 jobs by the end of 2026.
Société Générale Société anonyme (SocGen)
SocGen, a French multinational universal bank and financial services company, has proposed a net reduction of 1,800 positions through natural attrition and internal mobility to simplify its organization structure and strengthen operational efficiency. The proposed plan will be gradually implemented in 2026 and 2027, affecting several activities and central functions at headquarters, as well as the regional organisation of French retail banking.
FedEx
FedEx is preparing to cut up to 500 jobs in France, reducing its station footprint to 85 from 103, as part of its major overhaul of domestic operations. However, the U.S. firm intends to invest as much as 78 million euros in the region to simplify its network and reduce infrastructure, which is likely to generate more than 770 new full- and part-time operations jobs.
Ericsson
According to Reuters, Ericsson CEO Börje Ekholm said the company will continue cutting jobs to protect profitability as demand in the 5G market remains weak. He did not specify how many roles would be affected. However, earlier this month, Ericsson hinted his plan to cut up to 1,600 jobs in Sweden.
“You have seen that we have reduced the headcount, for example, by 5,000 over the past year, and we expect to continue reducing headcount going forward,” Ekholm said in a post-earnings call.
These latest announcements suggest that job layoffs may persist across multiple industries in the months ahead as the companies continue to struggle with weaker demands, shifting market conditions, and higher costs.
