March 2026 · Monthly roundup
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For UK readers, March has one name above all others. HSBC. 20,000 roles under review at a British banking giant. This one is close to home.
The numbers
17,970
Confirmed jobs lost
20,000
Planned cuts announced
7
Separate events
Total confirmed since launch: 107,340 · 34,466 further cuts planned
That's 1 confirmed job every 2 minutes on average since we started.
Biggest stories
HSBC
20,000 jobs
HSBC is weighing cuts that could impact around 20,000 roles; no final decision.
Amazon
16,000 jobs
Amazon confirmed 16,000 corporate job cuts as it shifts resources to AI and data centres, completing 30,000 redundancies since October.
Atlassian
1,600 jobs
Atlassian reportedly to lay off about 1,600 people in AI pivot.
Crypto.com
300 jobs
Crypto.com reportedly lays off 12% of staff in AI pivot.
Sectors hit hardest
Banking
20,000 jobs
Retail
16,000 jobs
Media
1,600 jobs
Technology
370 jobs
What to watch
This month's take

HSBC planning to cut 20,000 roles is the story of March. That's not a tech startup trimming headcount, that's one of the world's oldest and largest banks restructuring around AI at scale. When finance moves this decisively, other sectors can follow.

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