Layoffs update 2026: Amazon, Nike, Dow, and others join list of companies slashing jobs in brutal January

Last year was a brutal one for layoffs, with large cuts coming from Amazon, UPS, Microsoft and Verizon. And as things get rolling for 2026, it’s looking like this year won’t be any less uncertain for workers.

This week has seen a slew of sizable job cuts from a wide variety of companies. As of Thursday morning, more than 61,650 positions have been eliminated.

The actual number is likely a fair bit higher as many of the companies announcing layoffs—such as Shopify, Expedia...