Layoffs update 2026: Amazon, Nike, Dow, and others join list of companies slashing jobs in brutal January
Last year was a brutal one for layoffs, with large cuts coming from Amazon, UPS, Microsoft and Verizon. And as things get rolling for 2026, it’s looking like this year won’t be any less uncertain for workers.
This week has seen a slew of sizable job cuts from a wide variety of companies. As of Thursday morning, more than 61,650 positions have been eliminated.
The actual number is likely a fair bit higher as many of the companies announcing layoffs—such as Shopify, Expedia, and Vimeo—did not release the number of jobs that were impacted.
Dow Inc. was the most recent well-known company to announce cuts. On Thursday, the chemical maker said it would do away with 4,500 positions as part of a streamlining operation it calls “Transform to Outperform.”
The company says it plans to rely more on artificial intelligence and automation in the months ahead. Those layoffs represented approximately 12% of the company’s workforce.
Dow was hardly alone this week, though. The staff trimmings are occurring at tech and tech-adjacent companies around the world and are adding up fast. Here are some other notable reductions in staff that have been announced this week.
On Monday, social media platform Pinterest filed a notification with the Securities and Exchange Commission (SEC) that it was planning “a reduction in force that is expected to affect less than 15% of the Company’s workforce.”
With an estimated workforce of 5,200 people, that puts the layoffs between 700 and 800. The company said it plans to utilize AI to fill many of those roles.
Nike
The footwear giant confirmed plans to lay off 775 employees in the U.S., the third year in a row that it has cut jobs. Nike said it would rely on automation to handle the duties of those workers.
United Parcel Service (UPS)
During an earnings call with analysts on Tuesday, Brian Dykes, chief financial officer of UPS, revealed plans to reduce operational hours at the delivery giant by 25 million, which will result in 30,000 workers losing their jobs.
The cuts come as the company winds down its long-standing partnership with Amazon.
The Home Depot
The Home Depot confirmed plans Wednesday to lay off 800 workers, including 150 at its Atlanta headquarters.
“We’re simplifying our corporate operations to better support our stores and our customers,” a spokesperson for the home improvement retail chain told Fast Company. “These changes include a reduction in roles associated with our store support center . . . This was a difficult decision, and we’re focused on doing the right thing and supporting associates who were impacted.”
Amazon
Just months after laying off 14,000 workers last fall, Amazon on Wednesday said it was eliminating another 16,000 jobs. And the company did not rule out additional cuts in the months to come (though it said none were currently planned).
“Some of you might ask if this is the beginning of a new rhythm – where we announce broad reductions every few months,” wrote Beth Galetti, senior vice president of people experience and technology at Amazon. “That’s not our plan. But just as we always have, every team will continue to evaluate the ownership, speed, and capacity to invent for customers, and make adjustments as appropriate.”
Other companies laying off workers
Beyond the cuts this week, January has also seen notable workforce reductions from Autodesk (1,000 workers), Ericsson (1,600 employees), Meta Platforms (1,500 people), and ASML (1,700 staffers), according to job cut tracking sites Layoffs.fyi and trueup.
Savings and productivity gains that come with AI and automation will almost certainly be pointed at by companies that lay off workers as layoffs in 2026 continue, but several businesses that have decided to become AI-first workplaces have come to regret the move.
Two years ago, Klarna Group instituted a hiring freeze as it embraced the notion that AI could do the work of hundreds of employees. Last May, however, it reversed course, saying it might have been too ambitious with its AI goals.
Meanwhile, language learning platform Duolingo saw its push to embrace AI attacked on social media. Shares of Duolingo are down more than 61% over the last 12 months.