Economy·112 stories·Updated October 2, 2026
Capital flows, agent-driven companies, the labour market, and the infrastructure firms reshaping how value moves.
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Economy
Uber cuts 3,300 jobs as tech firms pursue AI automation
Uber Technologies announced on September 2, 2026 that it would lay off approximately 3,300 employees—10% of its workforce—in its largest reduction since the COVID-19 pandemic, citing the rise of robot
Economy
Xbox cuts 268 roles as Microsoft gaming unit restructures
Microsoft's Xbox division eliminated 268 jobs on September 22, 2026, across Halo Studios and other first-party studios as part of a broader organizational reset. The cuts include management and centra
Economy
Meta's AI agent replacement plan collapsed after staff revolt
Meta Platforms had devised an internal restructuring plan called Project OT that would have cut some teams by as much as 60% and shifted work to AI agents, but the effort stalled after employee resist
Economy
Oracle expands 2026 layoff plan amid AI buildout costs
Oracle disclosed in a regulatory filing on September 11, 2026, that it is enlarging its 2026 restructuring plan by approximately $700 million to roughly $2.8 billion total, citing the adoption of AI t
Economy
IMF warns AI could boost EU growth while displacing workers
The International Monetary Fund said on September 19, 2026 that artificial intelligence could lift European productivity by about 1% over five years, but risks widening inequality and straining power
Business
Manus seeks $500M at $4B valuation after Meta deal collapse
Chinese-founded AI startup Manus is in talks to raise $500 million at a $4 billion valuation, marking its first independent fundraising since Chinese regulators ordered the unwinding of its merger wit
Economy
Jaguar Land Rover cuts 4,000 jobs in two-year restructuring
Jaguar Land Rover announced on September 7, 2026, that it will cut approximately 4,000 roles—nearly 10% of its workforce—over the next two years as part of a cost-reduction strategy targeting £1.7 bil
Business
Wonder cuts 150 jobs while raising funds for store automation
Wonder, Marc Lore's food hall and delivery company, eliminated about 150 roles—roughly 7% of staff—as part of a streamlining effort, while separately announcing it would use new funding to expand phys
Economy
Intuit restructures workforce, boosts AI investment
Intuit approved a reorganization in May 2026 that includes workforce reductions and site closures, with the company stating it will significantly increase investment in AI technologies including agent
Economy
Uber cuts 3,300 jobs in restructuring push
Uber announced layoffs affecting roughly 3,300 employees—about 10% of its global workforce—on September 2, 2026, as the company restructured to navigate intensifying robotaxi competition and refocus s
Economy
Meta's AI workforce plan stalled after internal pushback
Meta explored cutting some teams by as much as 60% as part of a plan to make the company more "AI native," but the effort ultimately collapsed, Reuters reported in August 2026. The initiative, codenam
Economy
AI layoffs tracker: 49% of 2026 cuts cite automation
A September 2026 layoff tracker update reported that nearly half of all job cuts this year cited AI or automation as a contributing factor, with programming, customer service, data entry, and QA roles
Economy
Wells Fargo CFO says AI will cut headcount further
Wells Fargo Chief Financial Officer Mike Santomassimo announced on September 15, 2026, that artificial intelligence efficiency gains would reduce the bank's workforce, and layoffs continued at the com
Economy
Oracle cuts workforce again as AI spending hits $95B forecast
Oracle began a fresh round of layoffs in mid-September 2026, with workers receiving termination notices as the company intensified its AI infrastructure buildout. The cuts follow the company's disclos
Economy
RTL Deutschland cuts 500 jobs after Sky merger
RTL Deutschland and Sky Deutschland announced on 17 September 2026 that they would eliminate approximately 500 full-time-equivalent roles by the end of 2027 as part of a restructuring tied to their in
Economy
Trade Desk cuts 15% of workforce in operational realignment
The Trade Desk disclosed a workforce reduction of approximately 15% in an SEC filing on September 3, 2026, citing organizational realignment and improved operational effectiveness. The company expects