Apple, Microsoft, Fannie Mae Among Firms Reporting Layoffs Aug. 24–25

Apple Inc., Microsoft Corporation, Fannie Mae and other firms reported layoffs in the Aug. 24–25 period that together affected 5,231 employees across 23 separate layoff actions.

Overview

• Total layoff events: 23
• Total employees affected: 5,231
• Sectors reporting cuts included Information Technology, Financials, Real Estate, Industrials, Consumer Discretionary, Health Care, Consumer Staples and Manufacturing.

Information Technology

• The Information Technology sector accounted for 4 layoff actions affecting 3,669 employees. Companies listed include Apple Inc., Microsoft Corporation and TekSynap Corporation. Reporting sources for Apple Inc. included outlets such as theweek.in, India.com, PCMag, The Times of India, lokmattimes.com and The Verge; Microsoft Corporation reporting is listed from Notebookcheck, levelup.com and Wccftech. TekSynap Corporation was reported via a WARN filing with state regulators.

Financials

• The Financials sector recorded 5 layoff actions impacting 463 employees. Notable companies listed are Fannie Mae, JPMorgan Chase & Co., Wells Fargo & Company and KPMG. Reporting for Fannie Mae appears in HousingWire, The Atlantic and Bisnow. JPMorgan Chase & Co. reporting is attributed to Yahoo Finance and The Times of India. Wells Fargo & Company was reported by AOL.com, newsradio 1040 who and The Des Moines Register; additional mention of Wells Fargo & Company appears separately from newsradio 1040 who. KPMG reporting is listed as aapnews.aap.com.au and SMH.com.au.

Real Estate

• The Real Estate sector included 2 layoff entries affecting 266 employees. The company listed is AeroFarms Inc. - Rescinded, with reporting noted as a WARN filing with state regulators.

Industrials

• Industrials logged 3 layoff actions affecting 97 employees. Companies cited include Conduent Commerical Solutions, LLC and Insteel Wire Products Company, each reported via WARN filings with state regulators.

Consumer Discretionary

• The Consumer Discretionary sector had 4 layoff events impacting 378 employees. Companies listed are Lowe's Companies, Inc. and Starbucks Corporation. Lowe's Companies, Inc. reporting is attributed to a WARN filing with state regulators; Starbucks Corporation reporting is noted as a WARN filing and in The Tennessean and AOL.com.

Health Care

• The Health Care sector recorded 2 layoff actions affecting 2 employees. The company listed is Tessera Therapeutics.

Consumer Staples

• The Consumer Staples sector showed 1 layoff action affecting 305 employees at Diageo North America, Inc.

Manufacturing

• Manufacturing reported 2 layoff actions impacting 51 employees. The company listed is Alray Car Parts Supply & Mfg. Corp.d/b/a Tinker Auto Parts.

Reporting notes

• Sources for the items in this summary are those listed in the provided reporting mapping, including media outlets and WARN filings with state regulators as noted for individual companies.

(Counts and company listings reflect the supplied data for Aug. 24–25, 2026.)