Mass Layoffs Rock New Year: Meta, Citigroup, BlackRock Cut Thousands of Jobs

• Global corporate sector sees large-scale job cuts continuing from 2025 into 2026.
• Meta plans to cut 10% of its Reality Labs workforce, shifting focus to AI and cost reduction.
• Citigroup to lay off 1,000 employees this week, part of a broader plan to cut 20,000 jobs by 2026.
• BlackRock, the world's largest asset manager, is cutting about 250 jobs (1% of its workforce).
• Companies cite efficiency, restructuring, and investment shifts (like AI) as reasons for layoffs.

Why It Matters: Major global companies are initiating significant layoffs, signaling continued job market instability into 2026.