The year 2026 is just getting started,adn layoffs are already underway.
Companies,including Angi,the company formerly known as AngieS List, and the popular web tool Tailwind, have cut staff, citing the impact of artificial intelligence among the reasons for the layoffs.
More than 100 other companies, from Amazon to Nike to Verizon, have filed legally mandated WARN notices about job cuts to come in 2026, according to WARN Tracker. Some of the cuts are part of previously announced reductions.
This year’s cuts follow three years of significant workforce reductions across a broad range of industries, including tech, media, finance, and retail.
The moves come as artificial intelligence,public policy,and broader economic conditions present sweeping changes to the business landscape.
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.
Citi will cut more jobs this year as part of its plan to reduce its workforce by 10%, or 20,000 employees.
In a statement on January 13,the bank said that it will continue to reduce head count in 2026.
“These changes reflect adjustments we’re making to ensure our staffing levels, locations and expertise align with current business needs,” a spokesperson for Citi said.
The plan was detailed in the company’s January 2024 earnings report and could save the bank as much as $2.5 billion.
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