American Express, Barclays Lead Cuts as Starbucks, Rivian and Verizon Also Announce Reductions Oct. 25–26

American Express Company and Barclays Services Corporation accounted for the bulk of layoffs in a two‑day span that saw seven employers cut a combined 10,059 jobs between October 25 and October 26, 2026.

Overview

• Total layoff events: 7
• Total employees affected: 10,059
• Sectors impacted: Financials (8,500 employees), Consumer Discretionary (877 employees), Communication Services (682 employees)

Financials

• American Express Company: Reported in outlets including Eurasia Business News, Yahoo News New Zealand, and KOA 850 AM & 94.1 FM, American Express Company accounted for a substantial portion of the period’s job reductions (part of the sector total of 8,500 employees).

• Barclays Services Corporation: Coverage by Global Banking & Finance Review, CNBC and Firstpost indicates Barclays Services Corporation also contributed to the Financials sector total of 8,500 employees affected.

Consumer Discretionary

• Starbucks Corporation: Per a WARN filing with state regulators, Starbucks Corporation was among three Consumer Discretionary firms that reduced headcount; the sector’s total reductions amounted to 877 employees.

• Inalfa Roof Systems: Reported by The Oakland Press, Inalfa Roof Systems was listed among the Consumer Discretionary employers taking action during the period.

• Rivian: Documented by MotorBiscuit, CNBC and Startup Fortune, Rivian was the third Consumer Discretionary company reporting layoffs within the two‑day window.

Communication Services

• Verizon Communications Inc.: Reported by Startup Fortune, Verizon Communications Inc. was among two Communication Services companies included in the period’s reductions; the sector total was 682 employees.

• Electronic Arts Inc.: Coverage from Insider Gaming, Kotaku and KRON4 shows Electronic Arts Inc. also recorded reductions counted in the Communication Services sector total of 682 employees.

Details and attribution

All data in this summary are drawn from company filings and media reports cited at the time of the announcements: WARN filings for Starbucks Corporation; The Oakland Press for Inalfa Roof Systems; MotorBiscuit, CNBC and Startup Fortune for Rivian; Startup Fortune for Verizon Communications Inc.; Insider Gaming, Kotaku and KRON4 for Electronic Arts Inc.; Eurasia Business News, Yahoo News New Zealand and KOA 850 AM & 94.1 FM for American Express Company; and Global Banking & Finance Review, CNBC and Firstpost for Barclays Services Corporation.

Aggregate figures reflect the seven reported layoff events and the sector totals provided for October 25–26, 2026.