Factbox-Companies cutting jobs as investments shift toward AI

Oct 6 (Reuters) - Companies spanning tech giant Microsoft to credit-scoring agency FICO have announced layoffs this year, deepening concerns that AI adoption will upend established industries, with job losses emerging in sectors most exposed to automation.

Below is a table of AI-linked global layoffs announced since October 2025. Entries with no specified number are placed at the bottom.

COMPANY MONTH JOB NOTES

ANNOUNCED CUTS

HSBC Holdings March 20,000, Weighs deep job

or cuts as AI

about overhaul

10% of unfolds

workfor

ce

Amazon January 16,000 Corporate job

cuts; AI‑ and

efficiency‑driv

en overhaul

Standard May >7,000 Cuts over 4

Chartered years;

AI-driven

operational

streamlining,

profitability

optimisation

HP Inc November 4,000-6 Global cuts by

,000 end-2028; AI

and operational

streamlining

British June 5,500 Plans to cut

American jobs, about 20% of

Tobacco shift its workforce

(BAT)  3,500 over AI-driven

roles overhaul to

to lower costs,

third lift profits

parties

Mizuho February Up to Cuts over 10

5,000 years;

long-term

AI‑driven

streamlining

plan

Microsoft July 4,800, Impact on

or 2.1% commercial,

of Xbox businesses

workfor

ce

Dow January 4,500 13% of

workforce;

automation and

AI streamlining

Block February >4,000 Nearly half its

workforce;

AI‑focused

restructuring

Cisco May <4,000 Less than 5% of

its workforce;

expects pre-tax

charges of up

to $1 billion

Intuit May ~3,000, Operational

or streamlining,

about increased focus

17% of on AI efforts

workfor

ce

SEB February Up to Cuts by

2,100 end-2027;

restructuring

to leverage AI

Wisetech February 2,000 One-third of

global

workforce; AI

integration

Allianz November Up to Travel

1,800 insurance

division; AI

replacing

manual work

Atlassian March 1,600, Push into AI

or and enterprise

around sales

10% of

workfor

ce

Proximus February 1,200 Cuts by 2030;

AI efficiency

measures

Cloudflare May  >1,100 Cuts due to AI

adoption 

Meta, Reality January >1,000 Pivot from

Labs Metaverse to AI

devices

Snap  April ~1,000 Cuts to ramp up

AI adoption;

streamline

operations

Autodesk January ~1,000 7% of

workforce;

shift towards

cloud and AI

Nike January 775 Profit push and

automation

Telstra February 650 AI‑driven

restructuring

with Infosys

Meta, October ~600 Downsizing in

Superintellig AI division

ence Labs

Fair Isaac October 15% of Simplifies

(FICO) workfor operating

ce, or structure, AI

~570 workflows in

job product

roles development

Freshworks  May ~500 Cuts due to

work automation

and AI adoption

Danske Bank   February 420 Cuts due to

automation and

efficiencies

DNB October ~400 Reduction due

to increased AI

investments

Meta March Up to Workforce could

20% of shrink by 20%

workfor amid AI focus;

ce to invest $600

billion for

data centres by

2028

Pinterest January Up to Redirecting

15% of resources

workfor toward AI

ce strategy

Agora December Up to Nearly 7% of

166 workforce;

digital

restructuring

MercadoLibre  January 119 AI‑expansion

move

British February Not AI‑driven

American specifi productivity

Tobacco ed programme

Amazon July Not Job cuts in AGI

specifi group

ed

(Reporting by Romolo Tosiani, Enrico Sciacovelli and Philippe Leroy Beaulieu in Gdansk, Additional reporting by Anshuman Tripathy, Angela Christy M; Editing by Matt Scuffham, Milla Nissi-Prussak, Jonathan Ananda, Devika Syamnath and Shilpi Majumdar)