March 19 – Investors’ and economists’ concerns that artificial intelligence will upend established industries are deepening, with job losses already emerging in sectors most exposed to automation.
Goldman Sachs economists warned in February that AI was responsible for 5,000 to 10,000 monthly net job losses last year in the most exposed U.S. industries.
A survey by global outplacement firm Challenger, Gray & Christmas linked AI to 7% of total U.S. planned layoffs announced in January.
Below is a table of AI-linked global layoffs announced since October from biggest to smallest. Entries with no specified number are placed at the bottom.
| COMPANY | MONTH ANNOUNCED | JOB CUTS | NOTES |
| HSBC Holdings (HSBA.L) | March | 20,000, or about 10% of its total workforce | Weighs deep job cuts as AI overhaul unfolds |
| Amazon (AMZN.O) | January | 16,000 | Corporate job cuts; AI‑ and efficiency‑driven overhaul. |
| HP Inc (HPQ.N) | November | 4,000-6,000 | Global cuts by end-2028; AI and operational streamlining. |
| Mizuho (8411.T) | February | Up to 5,000 | Cuts over 10 years; long-term AI‑driven streamlining plan. |
| Dow (DOW.N) | January | 4,500 | 13% of workforce; automation and AI streamlining. |
| Block (XYZ.N) | February | >4,000 | Nearly half its workforce; AI‑focused restructuring. |
| SEB (SEBF.PA) | February | Up to 2,100 | Cuts by end-2027; restructuring to leverage AI. |
| Wisetech (WTC.AX) | February | 2,000 | One-third of global workforce; AI integration. |
| Allianz (ALVG.DE) | November | Up to 1,800 | Travel insurance division; AI replacing manual work. |
| Atlassian (TEAM.O) | March | 1,600, or around 10% of its workforce | Push into AI and enterprise sales |
| Proximus (PROX.BR) | February | 1,200 | Cuts by 2030; AI efficiency measures. |
| Meta (META.O), Reality Labs | January | >1,000 | Pivot from Metaverse to AI devices. |
| Autodesk (ADSK.O) | January | ~1,000 | 7% of workforce; shift towards cloud and AI. |
| Nike (NKE.N) | January | 775 | Profit push and automation. |
| Telstra (TLS.AX) | February | 650 | AI‑driven restructuring with Infosys (INFY.NS). |
| Meta, Superintelligence Labs | October | ~600 | Downsizing in AI division. |
| Danske Bank (DANSKE.CO) | February | 420 | Cuts due to automation and efficiencies |
| Meta | March | Up to 20% of workforce | Workforce could shrink by 20% amid AI focus; to invest $600 billion for data centres by 2028 |
| Pinterest (PINS.N) | January | Up to 15% of workforce | Redirecting resources toward AI strategy. |
| Agora (AGOP.WA) | December | Up to 166 | Nearly 7% of workforce; digital restructuring. |
| MercadoLibre (MELI.O) | January | 119 | AI‑expansion move. |
| British American Tobacco (BATS.L) | February | Not specified | AI‑driven productivity programme. |
Source – https://www.reuters.com/business/world-at-work/companies-cutting-jobs-investments-shift-toward-ai-2026-03-19/