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Weekly summaryAugust 29, 2026

Amazon.com, Inc. and Oracle Corporation Among Firms Cutting Jobs Aug. 28–29

A two-day wave of layoffs affected 33,581 workers across 14 companies, led by IT sector cuts at Cornerstone, GD-IT and Oracle.

Amazon.com, Inc. and Oracle Corporation were among companies that announced workforce reductions between August 28 and August 29, 2026, in a string of filings and reports affecting multiple sectors.

Overview

  • Total layoffs reported: 14 companies
  • Total employees affected: 33,581

Sectors and notable actions

Information Technology

  • The IT sector registered the largest headcount impact with 30,278 employees affected across 3 companies. Cornerstone and General Dynamics Information Technology reported layoffs via a WARN filing with state regulators, and Oracle Corporation was reported by The Globe and Mail, The Economic Times, and MSN.

Consumer Discretionary

  • Amazon.com, Inc. reported job cuts that were reported by Yahoo, joining YNAP Corporation and Iron hill Brewery, all contributing to 1,476 employees affected across 3 companies in the sector.

Financials

  • The financial sector recorded 64 employees impacted across 2 firms. Fannie Mae's reductions were reported by RealEstateNews.com, HousingWire, and The Atlantic, while Citibank's cuts were disclosed in a WARN filing with state regulators.

Health Care

  • Crothall Healthcare notified regulators via a WARN filing with state regulators of layoffs affecting 545 employees in the health-care sector.

Communication Services

  • T-Mobile US, Inc. reported workforce changes affecting 77 employees, as covered by myfox28columbus.com, WGME, and fox23.com.

Industrials

  • Amentum Holdings, Inc. and Saddle Creek Logistics Services reported a combined 560 employees impacted in the industrials sector; reporting sources include Patch, The Baltimore Banner for Amentum and Lakeland Ledger, Business Observer, Observer Local News for Saddle Creek.

Consumer Staples and Manufacturing

Reporting notes

  • Several companies reported through WARN filings with state regulators (including Cornerstone, General Dynamics Information Technology, Citibank, Crothall Healthcare, YNAP Corporation, Iron hill Brewery, and Buffalo Newspress Inc. d/b/a BNP Empowered Print).
  • Media outlets that reported specific company actions during the period include Yahoo, The Globe and Mail, The Economic Times, MSN, RealEstateNews.com, HousingWire, The Atlantic, myfox28columbus.com, WGME, fox23.com, Patch, The Baltimore Banner, Lakeland Ledger, Business Observer, Observer Local News, and AJC.com.

This summary covers layoffs filed or reported between August 28 and August 29, 2026, as reflected in company notices and media reports during that period.

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