Mass Layoffs Loom: Meta, Citigroup, BlackRock Announce Major Job Cuts by 2026

• Layoffs for 2026 have already begun, with major global companies announcing significant job cuts.
• Meta plans to lay off about 10% of employees in its Reality Labs division, shifting focus to AI-related projects.
• Citigroup is set to cut approximately 1,000 jobs this week, part of a larger plan to eliminate 20,000 positions by end of 2026.
• BlackRock announced layoffs affecting about 1% of its total workforce (250 employees) across all departments.
• The trend of global layoffs, which started in 2025, is expected to continue into 2026, impacting thousands of employees.

Why It Matters: Major companies like Meta, Citigroup, and BlackRock are initiating significant layoffs, signaling a continuing trend of job cuts into 2026.