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Barclays announced it will eliminate roughly 5,000 positions, representing about 5% of its global workforce. The bank said the cuts stem from efficiency gains brought about by artificial intelligence tools in its operations. The move follows similar AI-linked layoff announcements at Citigroup, HSBC, and Standard Chartered.
eBay is laying off hundreds of employees in its second major round of job cuts this year. The move comes even as the company's stock has risen significantly, which CEO Jamie Iannone attributed to a successful strategy shift, saying 'our strategy is working.'
eBay plans to cut roughly 1,000 jobs, or 9% of its workforce, according to a memo from CEO Jamie Iannone. The company had 12,300 employees at the end of last year and already cut about 800 jobs, or 6% of staff, in February. Iannone said affected employees would be notified in the coming days.
According to a forum post addressed to Plex's drzoidberg33, Plex has laid off the staff responsible for building its player clients, following widespread complaints that the newer 'New Experience' apps crash and underperform compared to earlier versions. The poster says users have been turning to unofficial, 'vibe coded' third-party apps to get reliable media playback instead.
An Entrepreneur contributor argues companies frequently err by promoting their best individual performers into management positions without assessing whether they want or are suited for the role. The piece cites Meta's 2024 layoffs of roughly 8,000 employees, part of an 'AI native' restructuring that flattened management layers, as evidence that companies now have fewer management slots to absorb bad fits. The author, who says they coach executive teams across industries, recommends separating recognition from promotion and testing candidates with real decision-making responsibility first.
The BBC has announced plans to eliminate up to 2,000 positions over the coming years, alongside cuts to certain channels, citing immediate cost pressures. The move comes as the broadcaster negotiates with the U.K. government over the terms of its future funding and charter.
According to Fortune, Xbox CEO Asha Sharma is planning additional rounds of job cuts in November, this month, and January. The cuts would follow a July announcement of a broader
A content marketing employee recounts being placed on a performance improvement plan (PIP) and successfully meeting its requirements, even turning to a folk-magic 'conjuring oil' for help. Despite completing the PIP, the employee says they still ended up losing their job, prompting a reflection on what it really means to be 'good' at work.
Challenger, Gray & Christmas data shows AI has been cited as a factor in more than 120,000 announced U.S. job cuts through September 2026, about 21% of the total, making it this year's leading reason for layoffs. Companies including Amazon, Meta, Block, Allianz, Nike, Telstra and British American Tobacco have all announced AI-linked cuts or restructuring. Entrepreneur notes that some laid-off workers are instead using industry experience plus AI tools to start new, low-cost businesses.
Several technology companies, including Netflix, HubSpot and Flock Safety, announced workforce reductions in October as part of a continuing wave of layoffs across the sector in 2025. The cuts add to a year already marked by heavy job losses at technology firms.
The Center for AI Safety has launched a Wage Loss Dashboard tracking AI-attributed layoffs by state since January 2026, updated through September data. It estimates roughly 117,000 job cuts nationally tied to AI this year, translating to about $8.5 billion in annual wage losses, with per-person impact varying widely by state—$56 in California versus $14 in Alaska.
Netflix is laying off about 1,000 employees, or 6% of its global workforce, according to Variety. Co-CEOs Greg Peters and Ted Sarandos told staff in an email that the cuts will mostly affect product, technology, legal and human resources teams. The reductions come a week ahead of the company's quarterly earnings report.