PayCushion: The Safety Net America Has Never Had.
From technology to shipping, entertainment, aerospace, food production, and manufacturing, major American employers have announced large workforce reductions. PayCushion exists because income disruption has become a mainstream risk.
These ten announcements alone represent more than 120,000 affected workers.
Jan 5, 2023
18,000
Technology
Announced 18,000 job cuts as consumer and corporate spending slowed.
Jan 18, 2023
10,000
Technology
Cut 10,000 roles as the company adjusted to economic conditions and changing customer priorities.
Jan 20, 2023
12,000
Technology
Announced 12,000 layoffs, about 6% of its workforce, during a broader tech downturn.
Mar 14, 2023
10,000
Technology
Announced another 10,000 job cuts after already cutting 11,000 roles months earlier.
Feb 8, 2023
7,000
Entertainment
Announced 7,000 job cuts as part of a major restructuring and cost-savings plan.
Jan 30, 2024
12,000
Shipping & Logistics
Announced 12,000 job cuts after weaker package volume and a disappointing revenue outlook.
Apr 15, 2024
~14,000 (10%)
Automotive & Manufacturing
Planned to cut about 10% of its workforce after weak quarterly sales and rising EV competition.
Aug 1, 2024
~15,000
Semiconductors
Announced about 15,000 job cuts while trying to reduce costs and compete in the AI chip market.
Oct 11, 2024
~17,000 (10%)
Aerospace & Defense
Announced plans to cut about 10% of its workforce, roughly 17,000 jobs, amid financial and operational pressure.
Sources are third-party news reports. PayCushion summarizes and links to original reporting for context only.