Factbox-Companies cutting jobs as investments shift toward AI

Oct 22 (Reuters) – Companies spanning tech giant Microsoft to British lender Barclays have announced layoffs this year, deepening concerns that AI adoption will upend established industries, with job losses emerging in sectors most exposed to automation.

Below is a table of AI-linked global layoffs announced since October 2025. Entries with no specified number are placed at the bottom.

COMPANY MONTH JOB CUTS NOTES

ANNOUNCED

HSBC Holdings March 20,000, or Weighs deep job

about 10% cuts as AI

of overhaul unfolds

workforce

Amazon January 16,000 Corporate job

cuts; AI‑ and

efficiency‑drive

n overhaul

Standard May >7,000 Cuts over 4

Chartered years; AI-driven

operational

streamlining,

profitability

optimisation

HP Inc November 4,000-6,000 Global cuts by

end-2028; AI and

operational

streamlining

British June 5,500 jobs, Plans to cut

American shift 3,500 about 20% of its

Tobacco roles to workforce over

(BAT)  third AI-driven

parties overhaul to

lower costs,

lift profits

Barclays October, ~5,000 Cuts to impact

2026 jobs, or 5% staff in support

of functions

workforce

Mizuho February Up to 5,000 Cuts over 10

years; long-term

AI‑driven

streamlining

plan

Microsoft July 4,800, or Impact on

2.1% of commercial, Xbox

workforce businesses

Dow January 4,500 13% of

workforce;

automation and

AI streamlining

Block February >4,000 Nearly half its

workforce;

AI‑focused

restructuring

Cisco May <4,000 Less than 5% of

its workforce;

expects pre-tax

charges of up to

$1 billion

Kroger October, ~3,000 Corporate job

2026 cuts; AI‑ and

efficiency‑drive

n overhaul

Intuit May ~3,000, or Operational

about 17% streamlining,

of increased focus

workforce on AI efforts

SEB February Up to 2,100 Cuts by

end-2027;

restructuring to

leverage AI

Wisetech February 2,000 One-third of

global

workforce; AI

integration

Allianz November Up to 1,800 Travel insurance

division; AI

replacing manual

work

Atlassian March 1,600, or Push into AI and

around 10% enterprise sales

of

workforce

Proximus February 1,200 Cuts by 2030; AI

efficiency

measures

Cloudflare May  >1,100 Cuts due to AI

adoption 

Meta, Reality January >1,000 Pivot from

Labs Metaverse to AI

devices

Snap  April ~1,000 Cuts to ramp up

AI adoption;

streamline

operations

Autodesk January ~1,000 7% of workforce;

shift towards

cloud and AI

Nike January 775 Profit push and

automation

Telstra February 650 AI‑driven

restructuring

with Infosys

Meta, October ~600 Downsizing in AI

Superintellig division

ence Labs

Fair Isaac October, 15% of Simplifies

(FICO) 2026 workforce, operating

or ~570 job structure, AI

roles workflows in

product

development

Freshworks  May ~500 Cuts due to work

automation and

AI adoption

Danske Bank   February 420 Cuts due to

automation and

efficiencies

DNB October, ~400 Reduction due to

2026 increased AI

investments

Meta March Up to 20% Workforce could

of shrink by 20%

workforce amid AI focus;

to invest $600

billion for data

centres by 2028

Pinterest January Up to 15% Redirecting

of resources toward

workforce AI strategy

Agora December Up to 166 Nearly 7% of

workforce;

digital

restructuring

MercadoLibre  January 119 AI‑expansion

move

British February Not AI‑driven

American specified productivity

Tobacco programme

Amazon July Not Job cuts in AGI

specified group

(Reporting by Romolo Tosiani, Enrico Sciacovelli and Philippe Leroy Beaulieu in Gdansk, Additional reporting by Anshuman Tripathy, Angela Christy M, Pragyan Kalita, Nithyashree R B; Editing by Matt Scuffham, Milla Nissi-Prussak, Jonathan Ananda, Devika Syamnath and Shilpi Majumdar)