WHEN THE ECONOMY FALLS, JOBS GO WITH IT - Trends Journal
August 18, 2026August 18, 2026 The job-cutting trend continues to spread across sectors, signaling deeper economic weakness beneath the surface of the official data. From banking giants in Europe to. . .
August 18, 2026August 18, 2026The job-cutting trend continues to spread across sectors, signaling deeper economic weakness beneath the surface of the official data. From banking giants in Europe to manufacturers, logistics companies, healthcare providers, media outlets, and technology firms, employers are shedding workers as slowing demand, rising costs, and economic uncertainty weigh on business operations. As Banks continue to Go Bust, Dutch bank ABN Amro announced 2,750 layoffs. While politicians and Wall Street celebrate selective data points, Main Street businesses continue to reduce payrolls to protect profits and survive increasingly challenging market conditions. The job-cut trend will continue this year as we have detailed in this and previous Trends Journals. The following report details the latest announced layoffs and job reductions from across the business landscape. This is week 193 that we have been reporting on the latest round of job cuts. Bank/Financial Layoffs:· ABM Amro Bank (The Netherlands) – 2,750 layoffs· Bitwise Asset Management – 14 percent of staffLayoffs:· Alterra Mountain Co. – Number of layoffs not provided· Aura Biosciences – 20 percent of workforce· Bitwise – 25 layoffs· City of Dallas, Texas – 296 layoffs possible due to budget cuts· Convictional – 100 percent of staff· Eurofins Professional Scientific Services – 68 layoffs· FedEx – 173 layoffs in Palm Springs, San Diego and Victorville, Calif. · G3 Enterprises – 66 layoffs· GM Lansing Grand River Assembly – 350 layoffs· KKTV, KOAA – 15 layoffs· Merck KGaA – 20 layoffs· Morrisons supermarket chain (United Kingdom) – 5,000 layoffs since last year· Netflix – Number of layoffs not provided· Oracle – Possible layoffs· Peterra – 60 layoffs· Power 105. 1 FM (Kansas City) – Layoffs of several hosts· Rapid7 – 300 layoffs· Restart gaming publications – Layoffs in editorial team· Saddle Creek Logistics Services – 178 layoffs in Las Vegas, Nev. · San Diego Museum of Art – 10 layoffs· Sanofi – 229 layoffs· Sharp Healthcare – 260 layoffs· SkyCity – 200 layoffs· Streamer and Cineverse – Number of layoffs not provided· Supermassive Games – 75 layoffs· T-Mobile – 112 layoffs in Irving, Texas· VideoAmp – 20 percent of staff· Winnebago Industries – 27 layoffsAugust 18 2026,Global Economy,jobs