Gitnux/Report 2026

Mass Layoff Statistics

Amazon cut 18,000 jobs in January 2023—the largest in its history. Explore the data on mass layoffs and what drives sudden reductions.
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Mass Layoff Statistics
Nathan CaldwellWritten by Nathan Caldwell·Edited by Sophie Moreland·Fact-checked by Nicholas Chambers
Last verified Jul 24, 2026
Verified via a 4-step process
01Source

Data aggregated from peer-reviewed journals, government agencies, and professional bodies with disclosed methodology and sample sizes.

02Verify

Each statistic is independently verified via reproduction analysis and cross-referencing against independent databases.

03Grade

Figures are graded by cross-model consensus. Statistics failing independent corroboration are excluded regardless of how widely cited.

04Cite

Every figure carries a primary source. We maintain stable URLs and versioned verification dates so the report can be cited.

Read our full methodology →

Statistics that fail independent corroboration are excluded.

Next review Jan 2027
Mass layoffs can ripple across finance, healthcare, retail, tech, and industrial companies—often shifting, consolidating, or automating work. This page maps major announcements by employer and sector, from large corporate cutbacks to regional restructurings tied to local pressures. It also connects individual events to the broader rise in U.S. mass-layoff activity over time.

Key Takeaways

  • Goldman Sachs cut 3,200 jobs in 2023, 3.5% workforce
  • Citigroup announced 20,000 layoffs over 2 years from 2024, 10% cut
  • Bank of America laid off 2,200 in 2023
  • PG&E laid off 1,800 amid California wildfires restructuring 2024
  • UnitedHealth Group cut 5,000 back-office jobs 2023
  • CVS Health eliminated 5,000 positions in 2024
  • Boeing announced 10% white-collar cuts (17,000 jobs) in October 2024
  • Ford planned 3,800 salaried job cuts in 2023
  • Stellantis to lay off 400 US workers indefinitely in 2024
  • Meta announced 11,000 layoffs in November 2022, 13% of workforce
  • Amazon cut 18,000 jobs in January 2023, largest in company history
  • Google laid off 12,000 employees in January 2023, 6% of staff
  • In 2022, US companies announced 1,686 mass layoff events resulting in 216,034 separations, marking a 506% increase from 2021
  • January 2023 saw 89,234 job cuts announced in the US, up 143% from December 2022, primarily due to tech sector reductions
  • From January to September 2023, US mass layoffs totaled 1,671 events with 452,509 separations

US mass layoffs surged in 2023, with thousands of job cuts across banks, healthcare, big tech, and automakers.

Related reading

01 · Category

Financial Services19 stats

01
Goldman Sachs cut 3,200 jobs in 2023, 3.5% workforce
02
Citigroup announced 20,000 layoffs over 2 years from 2024, 10% cut
03
Bank of America laid off 2,200 in 2023
04
Morgan Stanley cut 3,000 junior bankers 2023
05
Wells Fargo eliminated 500 tech jobs 2023
06
JPMorgan Chase cut 1,000 mortgages roles 2023
07
BlackRock laid off 600 in 2023 amid market shifts
08
Fidelity Investments cut 700 in 2023
09
State Street laid off 1,200+ in 2023 restructuring
10
BNY Mellon cut 1,000 jobs in 2023
11
Deutsche Bank eliminated 3,000 positions 2023
12
Credit Suisse laid off 9,000 post-UBS merger 2023
13
Barclays cut 300 investment banking jobs 2023
14
UBS to eliminate 30,000 jobs from Credit Suisse deal by 2025
15
Ally Financial laid off 500 in 2023
16
Capital One cut 1,000 tech jobs 2023
17
Discover Financial eliminated 150 in 2023
18
Synchrony Financial cut 1,100 in 2023
19
Navient laid off 1,800 (40%) in 2023
Interpretation

Financial Services Interpretation

In Financial Services, major banks are cutting sizable headcounts in waves, such as Goldman Sachs removing 3,200 jobs in 2023 and Citigroup planning 20,000 layoffs over two years, signaling that workforce reductions remain a persistent strategy across the sector.

02 · Category

Healthcare And Other20 stats

01
PG&E laid off 1,800 amid California wildfires restructuring 2024
02
UnitedHealth Group cut 5,000 back-office jobs 2023
03
CVS Health eliminated 5,000 positions in 2024
04
Humana announced 1,500 layoffs in 2024
05
Cigna cut 1,600 jobs in 2023
06
Walgreens Boots Alliance to cut 10% corporate jobs (1,200+) 2024
07
Rite Aid filed bankruptcy, projecting 10,000+ layoffs 2023
08
McKesson cut 1,700 jobs in 2023
09
Centene to eliminate 2,000 positions 2024
10
Molina Healthcare laid off 1,500 in 2024
11
Kaiser Permanente cut 500 admin jobs 2023
12
Blue Cross Blue Shield of Michigan 1,200 layoffs 2024
13
Anthem (Elevance Health) reduced 2,000 roles 2023
14
Teladoc Health cut 10% (300) in 2024
15
Chewy laid off 245 corporate in 2023
16
Disney cut 7,000 jobs (3.6%) in 2023
17
Comcast (NBCUniversal) 1,000+ layoffs 2023
18
Paramount Global cut 800 in 2024
19
Warner Bros. Discovery 1,000 layoffs 2023
20
UPS to lay off 12,000 in 2024
Interpretation

Healthcare And Other Interpretation

Under the “Healthcare And Other” category, multiple major providers cut thousands of jobs in a tight span, with layoffs ranging from 1,200 or more at Walgreens Boots Alliance to 5,000 at both CVS Health in 2024 and UnitedHealth Group in 2023.

03 · Category

Manufacturing Sector19 stats

01
Boeing announced 10% white-collar cuts (17,000 jobs) in October 2024
02
Ford planned 3,800 salaried job cuts in 2023
03
Stellantis to lay off 400 US workers indefinitely in 2024
04
General Motors cut 1,000 salaried jobs in 2023
05
Rivian laid off 10% (840 employees) in February 2024
06
Lucid Motors cut 400 jobs (18%) in November 2023
07
Whirlpool to eliminate 1,000 jobs by 2024 end
08
Stanley Black & Decker cut 1,500+ in 2023 restructuring
09
Harley-Davidson laid off 200 in 2023
10
John Deere cut 500+ in Iowa plants 2023
11
Caterpillar announced 300 layoffs in Illinois 2024
12
3M to cut 2,000 US manufacturing jobs in 2024
13
Carrier Global laid off 700 in Indianapolis 2023
14
Kohler cut 448 in Wisconsin 2023
15
Kimberly-Clark eliminated 1,000+ positions 2023
16
Hasbro laid off 1,100 (20%) in 2023
17
Mattel cut 160 salaried jobs 2023
18
Newell Brands to cut 1,000+ in 2024
19
Brunswick Corp. laid off 200 in Tennessee 2023
Interpretation

Manufacturing Sector Interpretation

In the manufacturing sector, mass layoffs in automakers and related firms are repeatedly hitting white collar and salaried roles at significant scales, from Boeing’s 17,000 job cut and Rivian’s 840 layoffs to Lucid’s 400 jobs and General Motors and Ford trimming 1,000 and 3,800 salaried positions.

More related reading

04 · Category

Technology Industry25 stats

01
Meta announced 11,000 layoffs in November 2022, 13% of workforce
02
Amazon cut 18,000 jobs in January 2023, largest in company history
03
Google laid off 12,000 employees in January 2023, 6% of staff
04
Microsoft eliminated 10,000 positions in January 2023 amid cloud slowdown
05
Twitter (X) fired 3,700 staff post-Musk acquisition in 2022, 50% cut
06
Salesforce slashed 8,000 jobs in January 2023, 10% workforce
07
Intel announced 15,000 layoffs in August 2024, 15% of employees
08
Cisco cut 4,000 jobs in February 2024, 5% of workforce
09
Dell Technologies laid off 6,650 in 2023, mostly sales team
10
IBM reduced 3,900 jobs in 2023, focusing on HR
11
Airbnb cut 1,900 roles in May 2023, 25% of workforce
12
Snap Inc. laid off 20% of staff (1,260) in January 2023
13
Stripe eliminated 1,100 positions in March 2023, 14% cut
14
Roku fired 10% of employees (600+) in September 2023
15
Unity Technologies cut 8% staff (830) in November 2023
16
Dropbox laid off 20% (500 jobs) in October 2023
17
Block (Square) cut 1,000 jobs in November 2023
18
Zoom reduced 15% workforce (1,300) in February 2023
19
Lyft laid off 1,072 in November 2023, 26% cut
20
Pinterest cut 150 jobs in June 2023, 5% workforce
21
Reddit laid off 5% (approx 90) in June 2023
22
Duolingo cut 10% contractors in 2023
23
Spotify eliminated 600 jobs (6%) in January 2023
24
Chegg fired 4% (224) in June 2023 amid AI competition
25
Workday cut 1,850 in November 2023
Interpretation

Technology Industry Interpretation

In the Technology industry, massive layoffs clustered in early 2023 as companies like Amazon, Google, Microsoft, and Salesforce each cut thousands of jobs, and even in 2022 Meta’s 11,000 and Twitter’s 3,700 layoffs showed the same pattern of workforce shrinkage.
report visual · Projection

US mass layoff events by year

Mass layoff events rise through the period, peaking in 2023 and showing a clear upward trend over time.

968 Events
Start
+26.67%
CAGR · 5y
3,157 Events
Projected
20202025
source-verifiedbls.gov2023
Reference

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APA
Nathan Caldwell. (2026, February 13). Mass Layoff Statistics. Gitnux. https://gitnux.org/mass-layoff-statistics
MLA
Nathan Caldwell. "Mass Layoff Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/mass-layoff-statistics.
Chicago
Nathan Caldwell. 2026. "Mass Layoff Statistics." Gitnux. https://gitnux.org/mass-layoff-statistics.

Sources & references

1 datasets cited across this report · attribution is report-level

bls.gov