2026 has started with significant workforce reductions across major global corporations. Meta, BlackRock, and Citigroup each have initiated job cuts as part of their internal restructuring and cost-management strategies.
Meta, the tech company led by Mark Zuckerberg, plans to reduce its Reality Labs division workforce by 10%. This move affects teams working on virtual reality technology, as the firm pivots investments towards artificial intelligence-powered devices.
The downsizing follows internal budget assessments conducted in 2025 and is expected to take place within the week. The company has identified projects to discontinue in favour of AI-centric developments.
Citigroup is laying off approximately 1,000 employees this week. This is part of a continued strategy under CEO Jane Fraser to optimise operations.
The financial institution began a restructuring initiative in 2024, targeting a total reduction of 20,000 roles by year-end 2026. The current layoffs labelled internal adjustments are linked to technological efficiencies and transformed business requirements.
BlackRock, the largest global asset management firm, has confirmed it will eliminate around 250 roles, representing 1% of its total workforce.
The impacted positions span several departments. This decision aligns with the firm’s annual realignment of resources and its focus on bolstering client-centric services. A company spokesperson stated that these regular workforce reviews aim to ensure alignment with business objectives.
Read More: Microsoft Denies 22,000 Employees Layoff Rumours Amid Online Speculation!
Across all three firms, restructuring and adaptation to advancing technologies have driven resource reallocation. Meta is increasing its focus on AI over virtual reality, Citigroup is pursuing structural transformation and cost reduction, while BlackRock is streamlining to maintain operational efficiency.
As 2026 progresses, Meta, Citigroup, and BlackRock have each taken steps to reduce workforce numbers in line with organisational changes. These layoffs reflect evolving priorities and efficiency-driven approaches across the tech and financial sectors.
Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 14, 2026, 11:54 AM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
