- Major firms announcing AI linked job cuts include Nike, Amazon, Meta, Dow, HP, Allianz, Telstra, WiseTech, Pinterest, Autodesk, MercadoLibre, SEB, British American Tobacco, and Agora.
Goldman Sachs warns that accelerating AI adoption could raise US unemployment, estimating AI caused 5,000 to 10,000 monthly net job losses in highly exposed industries last year and accounted for 7% of planned layoffs in January.
Companies across sectors including technology, finance, manufacturing, telecoms, and consumer goods are restructuring to prioritize AI, automation, and digital transformation.
Workforce reductions range from hundreds to several thousand roles, with some companies cutting up to one third of staff as they redirect investment toward AI systems, cloud platforms, and efficiency programs.
The trend signals a broader shift in corporate strategy, as businesses reallocate capital toward AI driven productivity gains, raising concerns among investors and economists about structural labor market disruption.
https://www.reuters.com/business/world-at-work/companies-cutting-jobs-investments-shift-toward-ai-2026-02-25/