Companies laying off staff this year include Meta, Amazon, and Dropbox — see the list

Verizon is one of the latest companies to announce job cuts. Bloomberg/Getty Images Companies including Meta, Amazon, and Visa have said they're trimming staff this year. Many firms, like Wix and Block, have cited the rise of AI as a reason they need fewer staff. See the list of companies letting workers go in 2026. Big companies are still cutting jobs in 2026. So far this year, dozens of major brands have laid off employees, continuing a trend of significant workforce reductions across a broad range of industries, including tech, media, finance, and retail. While prominent brands continue to announce cuts, the broader economy shows that unemployment hasn't spiked. Economists frequently describe the environment as low-fire, low-hire. The big change is AI. Several companies, including Block, Coinbase, and Standard Chartered, have cited the impact of artificial intelligence as a key reason for the layoffs. A World Economic Forum survey last year found that some 41% of companies worldwide expected to reduce their workforces in the next five years because of the rise of artificial intelligence. The survey also found that jobs in big data, fintech, and AI are expected to double by 2030. Last year, Business Insider tracked layoffs at around 65 major companies, including Amazon, Meta, Paramount, and Starbucks. In 2026, we'll continue to track additional job cuts based on company announcements, WARN notices, and our own reporting. Here are the companies with job cuts underway in 2026, listed in alphabetical order. Amazon is laying off thousands of employees Matthias Balk/picture alliance via Getty Images Amazon said in January that it would eliminate around 16,000 corporate roles globally. Beth Galetti, senior vice president of people experience and technology, described the January move in a company memo as part of broader efforts to cut back on bureaucracy inside the company. The cuts followed mass layoffs from October 2025, when the tech and retail giant shed 14,000 roles. In May, Amazon's Selling Partner Services team slashed additional jobs as it continued to reshape its organization. "Following a recent review, we've made the difficult decision to eliminate a relatively small number of roles in our Selling Partner Services team," a spokesperson told Business Insider. American Express is cutting 5% of its workforce Amex is planning cuts as it prepares for AI to help run its internal systems. Alex Tai/SOPA Images/LightRocket via Getty Images American Express took a $336 million restructuring charge as it plans to cut around 5% of its workforce, the company announced during its third-quarter earnings call. It employed around 77,000 people by the end of 2025, meaning the layoffs could impact between 3,000 and 4,000 employees. On the earnings call, the company also highlighted how AI has changed its internal structure. "There's been a lot of talk about how companies are using AI to increase productivity, automate processes, and generally make their organizations more efficient," Stephen Squeri, Amex's CEO, said during an October earnings call. "We're using AI to do all of those things too." Angi is cutting 350 jobs Donald King/AP Angi, the popular contractor listing site once known as Angie's List, said in January that it was cutting around 350 jobs "to reduce operating expenses and optimize the organizational structure in support of long-term growth." The company also said it's making the cuts "in light of AI-driven efficiency improvements." In a January 7 SEC filing, Angi said that the cuts would save between $70 million and $80 million in annual spending. The layoffs will cost the company between $22 million and $30 million, according to the filing. Atlassian is cutting 1,600 employees Atlassian Thomas Fuller/SOPA Images/LightRocket via Getty Images Atlassian, the enterprise software company and maker of Confluence, said on March 11 that it will be cutting about 10% of its workforce as it invests in AI to reshape its organization. CEO Mike Cannon-Brookes said in a statement that about 1,600 employees will be affected by the cuts. "We fundamentally believe people and AI create the best outcomes. Our approach is not 'AI replaces people,'" Cannon-Brookes said. "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." The company expects to incur $225 million and $236 million in restructuring charges, according to an SEC filing. Barclays cuts 5,000 jobs KHemaz/GVN via Getty Images Barclays, the British financial institution, disclosed plans to cut around 5% of its workforce. Anna Cross, the Group Finance Director of Barclays, said on an October 22 earnings call that the company expects more than GBP 1 billion in efficiency savings in 2027, which will involve reducing its head count by 5,000 full-time employees. Cross said that 60% of affected workers are related to "support functions, including fewer devel