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Thousands Lose Jobs In 2026: Oracle, UPS, Amazon, Meta & Many MNCs Lead Global Layoff Wave
Samira Vishwas | May 20, 2026 10:24 AM CST

Companies worldwide continue restructuring amidst the global economic slowdown, sluggish demand and the rising wave of artificial intelligence, thousands of employees across several big names have been impacted in massive layoffs in 2026. Whether it is Amazon, Meta, Microsoft or Oracle, there are also finance, logistics and energy companies like Citi, UPS and Chevron, which have laid-off employees while shifting investments to automation, recent AI technologies infrastructure and operational efficiency.

Vanshika Ahuja

I am a content writer with 2.5 years of experience, currently working at ITV Digital. I cover a wide range of topics including entertainment, world news, News, crime, and astrology, along with writing engaging lifestyle stories and reviews. With a flair for storytelling and a keen eye for trends, I aim to deliver fresh, reader-friendly content across diverse subjects.

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