Over 30 firms have now tied job cuts to AI, with HSBC and Amazon leading
Wocult
Over 30 companies, including HSBC and Amazon, have linked more than 102,800 job cuts to AI adoption, with HSBC leading at 20,000 cuts and Amazon following with 16,000 corporate layoffs. The trend extends beyond technology into finance, manufacturing, and consumer goods, as firms streamline operations and reduce roles deemed redundant by AI. These layoffs primarily affect corporate, managerial, and operational roles described as bureaucratic or process-heavy.
All articles from 23 October 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.