==Porsche to cut 5,000 jobs by 2035

• BERLIN, July 27 (Reuters) - German luxury carmaker Porsche, opens new tab will cut around one in five jobs by 2035, ​with 9,000 positions to be axed in total, as parent Volkswagen and its ‌brands restructure in the face of weak demand and stiff competition.

On Monday, Porsche has announced that it will cut an additional 5000 jobs by 2035 following an agreement between management and labor representatives that has been months in the making. The move comes as the Volkswagen Group as a whole tries to stabilize its business amid weak demand for EVs and rising competition in markets like China have cratered the group’s overall profitability.

The cuts, which come as part of what the brand is calling the “Future Package”, are just the latest round of workforce reductions to come to the Stuttgart-based automaker. Some 3900 employees were let go back in February 2025, while another 500 lost their jobs as a result of subsidiary closures, according to Reuters. This particular round of cutbacks are the latest attempt to reduce personnel costs while increasing flexibility and productivity within plants. Porsche says that the position eliminations are going to be socially conscious, with large portions driven by natural attrition and retirements. The automaker is also expanding its voluntary severance agreement and special partial retirement programs.

The job losses do come with some guarantees for the remaining workforce, however. The automaker has agreed to keep all of its production facilities up and running through 2035, with an additional $2.39 billion into its Stuttgart-Zuffenhausen and Weissach infrastructure as part of the Future Package deal. More details about the rest of the plan are expected to come via the company’s Capital Markets Day in October, but promisingly, the carmaker did say its future plans include an expansion of the Sonderwunsch program that lets buyers go wild well beyond the usual options list.

While a reduction in head count is never an easy thing for a company to handle, Porsche employees seemingly have it a bit better than some of their VW counterparts. VW Group CEO Oliver Blume has made it clear that massive shifts are coming to the industry giant, with up to 100,000 jobs in the crosshairs as VW weighs the future of several production facilities within Germany. Porsche’s future model lineups are also reportedly in flux at the moment, with models like a second-gen Taycan, combustion-powered 718 twins, and the Cayenne Coupe all up in the air. 

Intuit cutting 17% of its workforce, or about 3,000 employees

•   Intuit's products include TurboTax, QuickBooks, Credit Karma, Mailchimp and Intuit Enterprise Suite.

On May 21, 2026, Intuit announced that it is cutting 17% of its workforce, or about 3,000 employees. In a news release, the company said it wants to "simplify its organizational structure and become a faster, leaner, more focused company."

 

 

The company estimates that it will incur approximately $300 million to $340 million in restructuring charges, largely recognized in its fourth fiscal quarter ending July 31, 2026.

"We are further scaling our growth engines and architecting an organization that operates with greater velocity to deliver durable long-term growth," Chief Executive Sasan Goodarzi said in a statement.

Microsoft is laying off 4,800 employees

Microsoft said Monday it is immediately eliminating 4,800 jobs, representing 2.1% of its workforce, in the software giant’s latest effort to cut costs in the era of artificial intelligence. Its Xbox division will lose about one-fifth of its staff, including 1,600 jobs on Monday and additional cuts in the coming months.

• Microsoft is laying off 4,800 employees immediately, after carrying out a voluntary retirement program.
• Microsoft’s stock is down 19% this year, trailing its megacap peers.
• Microsoft Corp.’s Xbox plans to eliminate 3,200 jobs, or around 20% of its staff over the next year, as part of a massive reorganization to spur growth in the struggling gaming division.  Four studios will go independent.

While Microsoft recorded accelerating growth in cloud services and LinkedIn in recent quarters, it’s lagging in other areas, such as Windows operating system licenses, Surface devices and the Xbox gaming unit, where revenue has been shrinking.

Amazon Layoffs in 2026

In 2026, Amazon conducted major corporate layoffs, primarily in January, as part of a broader restructuring effort to reduce bureaucracy, layers of management, and increase efficiency (including AI-driven productivity gains).

Key Layoffs in 2026

• January 2026: Amazon confirmed ~16,000 corporate role cuts globally. This followed ~14,000 cuts in October 2025, bringing the total to ~30,000 corporate positions eliminated since late 2025 — the largest workforce reduction in Amazon’s history.
  • Impacted areas included AWS, retail/operations, Prime Video, HR (People Experience and Technology), and other corporate functions.
  • Affected roles often included software engineers, managers (especially mid-level L5-L7 in retail), recruiters, and analysts.
  • Geographic notes: Significant impacts in Washington state (~2,200 jobs in one report) and California (~1,500), plus cuts in the UK, India, and elsewhere.
• Support for affected employees: US-based employees generally received 90 days to seek internal roles, plus severance, outplacement services, and health benefits (international support varied by location).
• Additional/ongoing cuts: Smaller or targeted reductions continued, including in Amazon’s Selling Partner Services team in May 2026. There were reports and rumors of a potential larger wave around May (sometimes cited as ~14,000), but these appear to have been more limited or phased rather than a single massive round matching the January scale.