Samu
512 posts
Them: “Make yourself at home.” Me:
Trump reading the briefing that Khamenei is gay:
Two weeks ago today we launched layoffhedge.com to track every major workforce reduction in 2026 in real time. We truly didn’t expect it’d be automatically updating so often. Here is everything that’s hit the tracker since January 1st over 500 people: Amazon: 16,000. January. Second major round of cuts in three months. CEO Andy Jassy said generative AI would reduce their corporate headcount. He wasn’t wrong. UPS: 30,000. January. Not a struggling company. One of the largest logistics operations on earth deciding it needs 30,000 fewer people. Citi: 20,000. Ongoing. Part of a structured plan to cut 10% of their entire global workforce. Dow: 4,500. January. Chemical manufacturing going AI and automation. Not a sector people saw coming. Meta: 1,500. January. Reality Labs cuts while Zuckerberg simultaneously guides $115-135 billion in AI CapEx for 2026. Nike: 775. January. Distribution centers in Tennessee and Mississippi. Supply chain automation hitting physical jobs. Macy’s: 1,000. January. Two Connecticut facilities shuttered. Retail supply chain getting hollowed out. Heineken: 6,000. February 12. A beer company cutting 7% of its global workforce. No sector is safe. Accenture: 11,000. February. A consulting firm built entirely around helping companies adapt to technology, cutting 11,000 people to fund its own AI restructuring. Volkswagen: 50,000. Announced and ratified with unions. The largest automaker in Europe cutting 50,000 jobs by 2030 as Chinese EV competition erodes its entire market position. Chevron: 8,000. 15-20% of their global workforce gone by end of 2026. Oracle: 30,000. Restructuring plan disclosed last quarter. Up to $1.6 billion in severance costs budgeted. Still reporting 20% revenue growth while cutting this many people. Then we launched on February 26th. And this happened: Feb 26: Block cuts 4,000. 40% of the company gone in one move from a business posting record profits. Stock up 24%. Feb 26: eBay cuts 800. Same day. Third round since 2023. March 2: Walgreens cuts 1,000 as store closures accelerate. March 5: Morgan Stanley cuts 2,500 across every major division. March 6: BrewDog cuts 500 after acquisition. March 7: Gloat cuts 20% of staff. An HR software company. March 11: Atlassian cuts 1,600. 10% of their entire workforce, citing AI as the reason they need to “reshape their skill mix.” CTO stepped down the same day. March 12: US employers cut 92,000 jobs in February. Economists expected 60,000. December and January revised down another 69,000 combined. Unemployment now 4.4%. 160+ companies. 195,000+ people. 760 job losses every single day in 2026. We built the tracker to follow this in real time. Two weeks in, we are not running out of material any soon. An avalanche.
My coworker said he stayed with his friend for 7 months while trying to look for a job. His friend billed him $900 rent... he paid $1,000 just to play his part. When it was time to leave, his friend handed him $7,000—every dollar he paid. He told him, “I never needed it. I just wanted you to stack your money and get ahead.” That’s love. That’s loyalty. Helping someone win without making them feel small. We need more hearts like that in this world.
