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Tennessee saw thousands of worker layoffs in early 2026. From January to April, 3,377 workers were laid off. This marks the highest layoff total for that period since 2021. The largest single layoff event occurred in January. Nike Retail Services laid off over 580 employees from its Memphis logistics center.
Memphis, Tennessee
https://www.wsmv.com/2026/05/13/2026-layoffs-tennessee-eclipsing-recent-years/
A lot of us here in Memphis uprooted and relocated when Oracle leadership asked employees to relocate here. For our personal sacrifice in relocating, and to protect our jobs we are asking Oracle leadership to focus only on California Oracle sites for further layoffs.
Tennessee's first and only Ikea store will close. The Memphis location is set to shut down in May. This closure will result in 114 layoffs. The store originally opened in 2016. It was the only Ikea in the state.
Memphis, Tennessee
https://dailymemphian.com/article/60601/ikea-memphis-closure-to-result-in-114-layoffs
GXO Logistics will close its Memphis distribution center. This action will result in 185 employee layoffs. A WARN letter confirmed the facility's closure. The shutdown is expected between April 3 and May 31. The company submitted the notice to Tennessee labor officials.
https://www.localmemphis.com/article/news/local/international-logistics-company-announces-closure-of-memphis-distribution-center/522-a41705df-97de-404c-9aca-6747897f82fb
Layoffs are anticipated to impact various companies located in Memphis. Filings reveal that a total of 1,375 jobs have been cut. The news indicates that these job reductions are spread across multiple companies. While specific businesses are not named, the cuts affect the workforce within the Memphis city limits.