Factbox-Companies cutting jobs as investments shift toward AI

July 6 (Reuters) - Microsoft said on Monday it is cutting about 2.1% of its workforce, or roughly 4,800 jobs, as the Windows maker restructures parts of its commercial and Xbox businesses, joining other tech giants in a wave of layoffs as companies shift investment toward AI infrastructure.

The cuts highlight deepening concern among investors and economists that AI adoption will upend established industries, with job losses already emerging in sectors most exposed to automation.

In a memo to employees, Chief People Officer Amy Coleman said AI was changing how work gets done by automating some routine tasks, but that the layoffs were part of a broader effort to realign resources and operating structures with the company's priorities.

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

COMPANY MONTH JOB NOTES

ANNOUNCED CUTS

HSBC Holdings March 20,000, Weighs

or deep job

about cuts as

10% of AI

workfor overhaul

ce unfolds

Amazon January 16,000 Corporate

job cuts;

AI‑ and

efficienc

y‑driven

overhaul

Standard May >7,000 Cuts over

Chartered 4 years;

AI-driven

operation

al

streamlin

ing,

profitabi

lity

optimisat

ion

HP Inc November 4,000-6 Global

,000 cuts by

end-2028;

AI and

operation

al

streamlin

ing

British June 5,500 Plans to

American jobs, cut about

Tobacco shift 20% of

(BAT)  3,500 its

roles workforce

to over

third AI-driven

parties overhaul

to lower

costs,

lift

profits

Mizuho February Up to Cuts over

5,000 10 years;

long-term

AI‑driven

streamlin

ing plan

Microsoft July 4,800, Impact on

or 2.1% commercia

of l, Xbox

workfor businesse

ce s

Dow January 4,500 13% of

workforce

;

automatio

n and AI

streamlin

ing

Block February >4,000 Nearly

half its

workforce

;

AI‑focuse

d

restructu

ring

Cisco May <4,000 Less than

5% of its

workforce

; expects

pre-tax

charges

of up to

$1

billion

Intuit May ~3,000, Operation

or al

about streamlin

17% of ing,

workfor increased

ce focus on

AI

efforts

SEB February Up to Cuts by

2,100 end-2027;

restructu

ring to

leverage

AI

Wisetech February 2,000 One-third

of global

workforce

; AI

integrati

on

Allianz November Up to Travel

1,800 insurance

division;

AI

replacing

manual

work

Atlassian March 1,600, Push into

or AI and

around enterpris

10% of e sales

workfor

ce

Proximus February 1,200 Cuts by

2030; AI

efficienc

y

measures

Cloudflare May  >1,100 Cuts due

to AI

adoption 

Meta, Reality January >1,000 Pivot

Labs from

Metaverse

to AI

devices

Snap  April ~1,000 Cuts to

ramp up

AI

adoption;

streamlin

e

operation

s

Autodesk January ~1,000 7% of

workforce

; shift

towards

cloud and

AI

Nike January 775 Profit

push and

automatio

n

Telstra February 650 AI‑driven

restructu

ring with

Infosys

Meta, October ~600 Downsizin

Superintellig g in AI

ence Labs division

Freshworks  May ~500 Cuts due

to work

automatio

n and AI

adoption

Danske Bank   February 420 Cuts due

to

automatio

n and

efficienc

ies

Meta March Up to Workforce

20% of could

workfor shrink by

ce 20% amid

AI focus;

to invest

$600

billion

for data

centres

by 2028

Pinterest January Up to Redirecti

15% of ng

workfor resources

ce toward AI

strategy

Agora December Up to Nearly 7%

166 of

workforce

; digital

restructu

ring

MercadoLibre  January 119 AI‑expans

ion move

British February Not AI‑driven

American specifi productiv

Tobacco ed ity

programme

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