← All events
October 24, 2026
12,500
jobs displaced
5 companies
Barclays 5,000
Barclays plans to eliminate 5,000 jobs, approximately 5% of its workforce, with around 60% of cuts affecting support functions, including developers.
American 3,500
American Express announced plans to cut 3,500 jobs, approximately 5% of its workforce, as it redirects spending toward artificial intelligence.
eBay 1,000
eBay confirmed job cuts affecting approximately 9% of its workforce as part of an AI-driven restructuring effort.
Netflix 1,000
Netflix announced plans to lay off 6% of its global staff, approximately 1,000 employees, as it increases AI investment.
Qualcomm 2,000
Qualcomm plans worldwide job cuts following its annual performance reviews, as the company pivots to AI data center and edge computing markets.