Layoffs Tracker: Kroger, Pfizer, Netflix and Amazon Hit This Week
Summary
Several large U.S. companies are planning to cut jobs this week, including Kroger, Pfizer, Amazon, and Netflix. Kroger will eliminate about 3,000 corporate jobs over three years, Pfizer plans around 150 layoffs at a Michigan factory, Amazon announced more corporate cuts, and Netflix may reduce about 5 percent of its staff.Key Facts
- Kroger plans to cut roughly 3,000 corporate jobs, about 37% of its corporate workforce, over three years.
- Kroger is expanding its use of artificial intelligence (AI) to help work get done more efficiently.
- Pfizer will lay off about 150 employees at its Portage, Michigan manufacturing plant due to lower product demand.
- Amazon announced another round of corporate job cuts focused on its core Stores operation.
- Netflix is preparing a restructuring that could impact about 5% of its overall workforce.
- Airtable, recently acquired by Bending Spoons, said many of its pre-acquisition employees will leave.
- Companies say these layoffs are part of adapting to technology, cost-cutting, or lower demand, not employee performance.
- Experts note that layoffs affect many parts of the economy and workers often face consequences beyond their control.
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