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

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As of Thursday morning, more than 61,650 positions have been eliminated as companies seek to cut costs, flatten management layers, and embrace AI. 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.