Lowe's Is the Latest U.S. Company to Be Hit By Significant Layoffs
Lowe's Is the Latest U.S. Company to Be Hit By Significant Layoffs
Rachel SchneiderFri, February 27, 2026 at 1:50 PM UTC
0
Walter Cicchetti/istockphoto
It’s 2026 and the year is just getting started, but layoffs are already piling up across multiple industries. Major U.S. companies in tech, finance, retail, logistics, and consumer services have announced job cuts as they reshape operations, reduce costs, and adapt to long-term shifts driven by automation, artificial intelligence, and changing economic conditions. The layoffs are even starting to double down on certain corners because of domino effects from the economy, like home improvement stores and housing costs.
Here’s a running list of 2026 layoffs at major companies across the U.S., including the latest announcement that Salesforce and Target are cutting a large number of positions.
This list will be as more companies announce layoffs in 2026.
Amazon
Bonni R. / Yelp
Amazon said in January that it is eliminating around 16,000 corporate roles globally. The move marks the company’s second major round of layoffs since October, when it cut roughly 14,000 jobs. In a memo to employees, senior vice president of people experience and technology Beth Galetti said the cuts are part of efforts to reduce bureaucracy and streamline decision-making across the company. The layoff announcement comes in tandem with store closing announcements for Amazon Go and Amazon Fresh.
Angi
jetcityimage/istockphoto
Angi, the contractor listing platform formerly known as Angie’s List, announced plans to cut around 350 jobs in January. The company said the layoffs are intended to reduce operating expenses and optimize its organizational structure for long-term growth. Angi also cited efficiency gains driven by artificial intelligence as a contributing factor. In a regulatory filing, the company estimated the cuts could save up to $80 million annually.
Citi
VV Shots/istockphoto
Citi said it will continue cutting jobs in 2026 as part of its broader plan to reduce its workforce by 10%, or about 20,000 employees. The bank confirmed in January that headcount reductions would extend into this year, following restructuring plans outlined in its 2024 earnings report. Citi said the changes are aimed at better aligning staffing levels and expertise with current business needs.
Dow
JHVEPhoto/istockphoto
Dow said it plans to cut approximately 4,500 jobs as it shifts more of its operations toward artificial intelligence and automation. The chemical manufacturer said the layoffs are part of a broader restructuring effort focused on efficiency and modernization. Dow expects the cuts to result in significant one-time costs related to severance and restructuring.
Expedia
rvolkan/istockphoto
Expedia Group confirmed that it laid off some employees in late January, though it did not disclose how many roles were affected. The company said it is eliminating certain positions while continuing to hire for others, as it simplifies its organizational structure and reduces management layers. Expedia said the changes are designed to help teams move faster and operate with more accountability.
Home Depot
KenWiedemann/istockphoto
Home Depot confirmed it laid off about 800 employees at its Atlanta-based store support center in January. The cuts happened primarily within the company’s technology organization and came alongside a new requirement for corporate employees to return to the office five days a week.
Lowe’s
ivanastar / istockphoto
Lowe’s is trimming about 600 corporate and support roles as it braces for what executives describe as a “cautious” year ahead. The cuts come as the housing market remains sluggish, with high mortgage rates and low turnover continuing to weigh on big-ticket DIY spending.
Lululemon
Sundry Photography/istockphoto
Lululemon said it laid off about 100 part-time employees at its North American customer service center in January. The athletic apparel company said the decision was made as it transitions its customer support operations to a full-time staffing model. The affected roles were part-time positions within the company’s global guest education center.
Meta
Derick Hudson / istockphoto
Meta is preparing to cut jobs within its Reality Labs division, according to reports. The unit, which oversees the company’s virtual reality and metaverse-related products, employs roughly 15,000 people. Reports suggest that 10% to 15% of the division’s workforce could be affected, with teams working on VR headsets and Horizon Worlds expected to see the deepest cuts.
Advertisement
Nike
Robert Way/istockphoto
Nike announced plans to eliminate 775 jobs across distribution centers in Tennessee and Mississippi. The company said the layoffs are part of efforts to streamline its supply chain operations, increase the use of automation, and invest in new skills for its workforce.
Sundry Photography/istockphoto
Pinterest announced a global restructuring plan that includes layoffs affecting less than 15% of its workforce, according to a securities filing. The company said the changes are tied to its shift toward an AI-forward strategy and include reductions in office space. Pinterest said it will continue hiring for roles focused on artificial intelligence while providing separation packages and benefits to impacted employees.
Peloton
georgeclerk/istockphoto
Peloton laid off 11% of its workforce as part of a previously announced restructuring plan aimed at saving $100 million by the end of fiscal 2026. The company said the cuts are intended to streamline operations as sales and membership continue to decline. Peloton did not disclose which departments were affected, but said impacted employees will receive severance.
Saks
anouchka/istockphoto
Saks said it will lay off at least 74 employees following the closure of a facility in Miramar, Florida. The job cuts were disclosed in a WARN notice and are expected to occur between late March and April. Saks said the decision is part of a broader effort to shift operations to other fulfillment centers and stores. The announcement follows the company’s Chapter 11 bankruptcy filing in January.
Salesforce
Sundry Photography / istockphoto
Salesforce cut fewer than 1,000 roles across the company, according to reports, with layoffs affecting teams including marketing, product management, data analytics, and its Agentforce AI unit. The cuts come amid an executive reshuffle and continued investment in artificial intelligence.
Target
LPETTET/istockphoto
Target said it plans to eliminate about 500 corporate and distribution roles as part of a reorganization aimed at freeing up resources for in-store staffing and customer experience improvements. The cuts, disclosed in an internal memo, largely affect distribution operations and regional district teams rather than store-level workers. The layoffs mark Target’s second major round of job cuts in recent months and come shortly after the company’s new CEO took over.
T-Mobile
Tak Yeung
T-Mobile confirmed that it cut some jobs in early 2026, though the company did not specify how many employees were affected. Some workers shared on LinkedIn that they were impacted by the layoffs.
Tailwind
gorodenkoff/istockphoto
Tailwind, a popular web-based marketing tool, cut three of its four engineers in January. CEO Adam Wathan said the layoffs were driven by an AI-related decline in revenue, noting that advances in artificial intelligence significantly disrupted the company’s business model. The cuts drew widespread attention within the tech community.
Nicholas S. / Yelp
UPS said it plans to eliminate 30,000 jobs in 2026. CEO Brian Dykes told analysts that the reductions will largely occur through attrition and voluntary separation programs for full-time drivers. UPS also plans to close 24 facilities in the first half of the year and is evaluating additional closures as part of its operational overhaul.
Walgreens
Scott Olson / Getty Images
Walgreens is laying off hundreds of employees just months after being acquired by Sycamore Partners. State filings show 159 workers in Texas will lose their jobs as the company closes a Houston distribution center, effective June 1. Another 469 employees are being cut at its Illinois headquarters.
Walgreens said it is streamlining its support center and field leadership to speed up decision-making and improve the in-store experience. The company did not disclose the total number of roles affected. The cuts follow a turbulent stretch that included going private in a $10 billion deal and announcing plans to close 1,200 U.S. stores over three years.
Washington Post
Joe Raedle/Getty Images News
The Washington Post laid off about a third of its workforce across multiple departments, including local news, foreign coverage, and editing. Executive editor Matt Murray said the cuts were part of a restructuring effort to stabilize the paper financially amid ongoing revenue challenges. Several sections were reduced or shut down, including the books department, and sports coverage will be scaled back from its current form.
More From Cheapism
Happy Kikky/istockphoto -
Lay Off on the Layoffs! Job Cuts Are at the Highest Level Since the Pandemic — According to a recent report, layoff announcements this year are the highest they’ve been since the 2020 pandemic.
‘Everybody Is Broke’: Why a $50 Car Rental Deposit Feels Like a Breaking Point for the Middle Class — Roughly 24% of U.S. households are living paycheck to paycheck, and expensive car rental deposits aren’t helping.
10 Companies With the Most Layoffs in 2025 (Plus More Planned for 2026) — AI alone accounted for nearly 55,000 U.S. job cuts this year.
Source: “AOL Money”
