Tracking Global Trends (Emplyoment Job Cuts)

 
Coinbase reductions: 14% 
6:55 AM · May 5, 202

Coinbase No. of Employees to be Laid off: 700 conflicting reports

PayPal (PYPL) plans 20% job cuts
May 05, 2026

Cloudflare to cut about 20% workforce 
May 7, 20264:47 PM EDT Updated May 7, 2026 
https://blog.cloudflare.com/building-for-the-future/
AI text has been detected on post with project EmberEnvision (v7)

 LinkedIn planning to lay off 5% of staff May 13 (Reuters)
Data already flagged as massively inaccurate (more like 25%)
revenue rose 12%

Cisco to fire 4,000 staff  up 12 percent

https://blogs.cisco.com/news/our-path-forward 

 

Facebook 

 $26.8 billion in net income for Q1 cutting 8,000 employees more planned. 
https://www.reuters.com/world/meta-targets-may-20-first-wave-layoffs-additional-cuts-later-2026-2026-04-17/
Update: 

May 20, 2026: Meta Platforms is reassigning 7,000 workers to new jobs related to AI.
Minimization of released numbers deserves more examination. 

May 19, 2026: Standard Chartered plans to eliminate close to 8,000 support roles over the next four years.

May 18, 2026: IKEA franchiser Inter IKEA Group slashes 850 jobs in cost-cutting drive as consumer spending falls

May 16, 2026: Innovaccer lays off 850 staff in Pivot to ‘AI-Native’ Model.

May 15, 2026: Crypto data company Dune cuts 25% of staff in restructuring.

CISCO Employees to be Laid off: 4,500

NISSAN No. of Employees to be Laid off: 900

Spirit Airlines Total Shutdown, monitor Spirit2.0

Nike No. of Employees to be Laid off: 1,400

Snapchat No. of Employees to be Laid off: 1000

Walt Disney No. of Employees to be Laid off: 1000

General Motors No. of Employees to be Laid off: 1300

Epic Games No. of Employees to be Laid off: 1000