Layoffs 2026: Meta, BlackRock, Citigroup Announce Hundreds of Job Cuts

• Meta, BlackRock, and Citigroup have initiated significant job cuts in early 2026, continuing a trend from 2025.
• Meta's Reality Labs division is cutting 10% of its workforce to redirect investments towards AI and AI-powered wearables.
• Citigroup plans to lay off approximately 1,000 employees this week as part of a broader restructuring to cut 20,000 roles by 2026.
• BlackRock is reducing its workforce by about 1%, affecting around 250 employees across various divisions.
• Companies cite aligning staffing with business needs, technological efficiencies, and strategic shifts as reasons for the layoffs.

Why It Matters: Major global companies Meta, BlackRock, and Citigroup are implementing hundreds of job cuts in early 2026.