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Companies from Microsoft and Amazon to HSBC and FICO have announced workforce reductions this year amid a broader shift toward artificial intelligence, according to a Reuters factbox published October 6. The list covers announced cuts dating back to October 2025 and spans technology, finance, manufacturing, insurance and other industries.
The figures vary in scope: some are confirmed cuts, while others are targets, estimates or reductions planned over several years. Reuters describes the moves as AI-linked, but the companies’ stated explanations also include efficiency drives, operating changes, restructuring and cost reductions; the roundup does not establish that AI alone caused each job loss.
Large announced reductions across sectors
HSBC is weighing 20,000 job cuts, or about 10% of its workforce, as an AI overhaul unfolds, the factbox says. Amazon announced 16,000 corporate job cuts in January as part of an AI- and efficiency-driven overhaul. Standard Chartered’s plan is to reduce staffing by more than 7,000 over four years, with AI-driven streamlining and profitability optimization among the cited notes.
Other large reductions include Dow’s 4,500 jobs, described as 13% of its workforce, and Block’s more than 4,000 positions, nearly half its workforce, as part of an AI-focused restructuring. Microsoft announced 4,800 cuts, or 2.1% of its workforce, in July, with the impact falling on commercial and Xbox businesses, according to Reuters.
Plans stretch over multiple years
Some announcements set targets extending well beyond the current year. HP plans to cut 4,000 to 6,000 jobs globally by the end of 2028, citing AI and operational streamlining. Japan’s Mizuho has a plan to cut as many as 5,000 jobs over 10 years, while Sweden’s SEB intends to reduce up to 2,100 positions by the end of 2027 as it restructures to use AI.
British American Tobacco said in June it planned to cut 5,500 jobs, including 3,500 roles shifted to third parties, in an AI-driven overhaul intended to lower costs and increase profits. Proximus has a plan to cut 1,200 jobs by 2030, and Telstra announced a restructuring involving 650 positions with Infosys.
Technology firms cite AI focus and automation
Technology companies account for many of the listed announcements. Cisco plans fewer than 4,000 job cuts, or under 5% of its workforce, and expects pretax charges of up to $1 billion. Intuit expects to cut about 3,000 positions, or roughly 17% of staff, as it streamlines operations and increases its focus on AI.
Atlassian plans to eliminate around 1,600 jobs, or about 10% of its workforce, as it pushes further into AI and enterprise sales. Cloudflare announced more than 1,100 cuts attributed to AI adoption; Snap plans about 1,000 as it ramps up AI adoption and streamlines operations. Autodesk also plans around 1,000 reductions as it shifts toward cloud services and AI.
In financial services, Danske Bank announced 420 cuts linked to automation and efficiencies. Norway’s DNB plans to reduce about 400 positions as it increases AI investment. The list also includes FICO, which plans to cut around 570 jobs—15% of its workforce—while simplifying its operating structure and incorporating AI workflows into product development.
Figures describe different kinds of changes
The factbox combines firm announcements with plans still under consideration. Meta’s March entry says its workforce could shrink by as much as 20% amid an AI focus and cites a planned $600 billion investment in data centers by 2028; it is presented as a potential reduction, not a completed layoff. Separately, the list records more than 1,000 cuts at Meta’s Reality Labs unit in January and around 600 jobs in Superintelligence Labs in October.
Other entries also need to be read according to their stated status. Pinterest said in January it could reduce up to 15% of its workforce while redirecting resources toward AI. Amazon’s July entry refers to cuts in its AGI group but gives no number. The roundup provides no consolidated total, and the companies’ announcements use different time frames and definitions, so the entries should not be treated as a single tally of completed job losses.
