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Walmart, Amazon, FedEx and others plan August layoffs affecting thousands

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More than 40 major companies have announced layoffs in 2026 as AI adoption and economic pressure reshape hiring. Oracle plans its largest cut, trimming about 21,000 jobs (13%) to 141,000 as of May 31; Amazon eliminated 16,000 corporate roles in January, and Visa is cutting roughly 2,600 positions (7%). Data points to 165,000 AI-linked layoffs so far this year.

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