← All events
October 28, 2026
86,756
jobs displaced
5 companies
Microsoft 60,000
Microsoft said Monday that it's offering buyouts to a wide swath of employees as it strives to balance a costly artificial intelligence infrastructure build-out with capital efficiency. Around 60,000 people are eligible, affecting about 27% of Microsoft's total workforce of 223,000 people.
Generali 800
The German subsidiary of the Italian insurer Generali said on Friday it would cut 800 jobs by the end of 2030 as part of a restructuring programme. The reduction represents about 9% of its current workforce of 9,100 employees. Generali will invest more than €100 million ($112.07 million) in technology and AI.
Netherlands 25,000
The Netherlands plans to eliminate 25,000 government jobs as part of savings associated with AI adoption. The cuts represent over 15% of the civil service workforce and come ahead of additional government AI deployment plans.
E.W. 431
The E.W. Scripps Company eliminated 431 positions nationwide on Tuesday, Oct. 27, 2026, in another round of sweeping layoffs affecting its local television stations as the broadcaster continues restructuring its news operations around digital platforms, streaming and automation.
Workday 525
Workday is cutting 2.5% of its workforce, targeting its tech and product teams, as the HR software giant shifts focus toward its agentic AI roadmap. CFO Zane Rowe said Workday would 'prioritize investment in our agentic AI roadmap.'