Major corporations continue to cut staff throughout 2026, with Amazon, Dropbox, and other industry leaders reducing headcount as part of organizational restructuring.
While these cuts span various sectors, a recurring factor across many companies is the increasing integration of artificial intelligence into daily operations. According to Business Insider, Amazon has conducted layoffs this year. In January, the company announced the elimination of approximately 16,000 corporate roles globally, a move Beth Galetti, senior vice president of people experience and technology, described in a memo as an effort to reduce internal bureaucracy. By October, reports indicated further reductions, including fewer than 1,000 workers in the stores division across the U.S., India, and the United Kingdom, as well as roughly 250 employees in the devices and services unit. Dropbox has also reduced its workforce, cutting approximately 9% of its staff—roughly 200 employees—in October.
The reductions primarily impacted workers on the engineering, product, design, and general and administrative teams. Oracle, for instance, reported in a June financial disclosure that it had cut 21,000 jobs over the previous year, or about 13% of its workforce. “The adoption and deployment of AI technologies across our operations have resulted, and may continue to result, in reductions to our workforce,” Oracle said in the filing.
Other companies have cited similar motivations. Squarespace is laying off 19% of its staff, or approximately 300 people, as the industry faces disruption from AI-powered website builders. “The changes are intended to simplify how we operate, sharpen our priorities and enable the company to move faster as we position Squarespace for its next phase of growth,” Jeff Seedman, a representative from Squarespace, told TechCrunch.
Widespread Industry Contraction
American Express, which employed roughly 77,000 people at the end of 2025, plans to cut approximately 5% of its staff, potentially impacting up to 4,000 workers as it integrates AI to automate processes.
“There’s been a lot of talk about how companies are using AI to increase productivity, automate processes, and generally make their organizations more efficient,” Stephen Squeri, Amex’s CEO, said during an October earnings call. “We’re using AI to do all of those things too.”
In the fintech sector, Block has conducted multiple rounds of layoffs, including a recent reduction affecting teams at Cash App and Square. Meanwhile, the contractor listing site Angi initiated cuts in January to optimize its structure and again in November to increase organizational velocity, expecting these latest moves to yield $50 million to $60 million in annual run-rate savings.
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Sector-wide, June saw a surge in activity with 14,000 positions eliminated across Lucid, Bungie, and Robinhood. Canva is also restructuring, with layoffs impacting 22% of its staff, or over 1,200 employees. Regarding his company’s previous reduction of 12% of its workforce, Crypto.com CEO Kris Marszalek emphasized the role of automation in future operations.
“Companies that move immediately and pair the best AI tools with top-performers will achieve a level of scale and precision that was previously impossible,” Marszalek wrote in a post on X.
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