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By Suzanne Blake
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Many companies have already announced layoffs underway this month, and employees in sectors in everything from retail to tech are affected.
Why It Matters
Tech layoffs have been especially prevalent since 2022 when the industry course-corrected after massive hiring sprees during the coronavirus pandemic.
Read More on Business
However, as artificial intelligence (AI) and economic pressures affect nearly all businesses this year, other industries will also likely experience layoffs as companies look to increase profits.
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What To Know
Newsweek compiled a full list of which companies will be letting go of employees in March, based on publicly available WARN notices.
This includes:
- Boston Electrometallurgical Corp. (dba Boston Metal)
Massachusetts — 71 workers
Layoff date: March 14, 2026
Notice filed: February 20, 2026 - Catalent Maryland, LLC
Maryland — 96 workers total - Layoff date: March 19, 2026
Notice filed: February 19, 2026 - Abbott House
Westchester County and Bronx, New York — 109 workers (Westchester) and 53 workers (Bronx)
Layoff date: March 31, 2026 - Clean Textile Systems
Buffalo (Erie County), New York — 69 workers
Layoff date: March 20, 2026 - Maximus, Inc.
Manhattan — 44 workers
Layoff date: March 31, 2026 - Waste Harmonics Keter
Victor, New York — 42 workers
Layoff date: March 31, 2026 - Macy’s
La Mesa, California — 77 workers
Layoff date: March 18, 2026 - Nestlé USA Inc.
Mira Loma, California — 88 workers
Layoff date: March 13, 2026 - L.A. Care Health Plan
Los Angeles — 225 workers
Layoff date: March 13, 2026 - Copan Diagnostics Inc.
Carlsbad, California — 79 workers
Layoff date: March 13, 2026 - Cucina Enoteca
Del Mar, California — 43 workers
Layoff date: March 11, 2026 - Alameda Health System
Multiple Bay Area locations in California — 240+ workers combined
Layoff date: March 9, 2026
Michael Ryan, a finance expert and the founder of MichaelRyanMoney.com, said Americans shouldn’t panic over the slew of layoffs necessarily.
“This isn't a broad recession where everyone's getting axed. It's targeted efficiency plays. Companies are cutting white-collar jobs, back-office roles, executives, support staff. They're chasing margins even though consumer spending is solid,” Ryan told Newsweek.
“The job market's doing this weird thing where layoffs stay elevated, over 100k a month. But they're concentrated in overstaffed sectors like retail, manufacturing, and certain pockets of healthcare. It's K-shaped, like everything else right now. Consumers are spending but companies are pruning ruthlessly. Some people are doing great. Others are getting squeezed.”
While many are blaming technology for replacing low-end and some white-collar jobs, Kevin Thompson, the CEO of 9i Capital Group, said it’s not the “root cause” and instead a “scapegoat” corporations lean on when they’re looking to cut costs.
“Our labor market now has more people without jobs than jobs available, meaning the structural labor market is very loose. This suggests that compensation will not be moving higher in most cases due to the increased supply of labor, and people will remain unemployed for longer periods,” he told Newsweek. “Businesses have been looking for an excuse to reduce the size of their labor force ever since the pandemic, and now that those pandemic funds are exhausted, they have a reason to cut that additional labor.”
What People Are Saying
Michael Ryan, a finance expert and the founder of MichaelRyanMoney.com, told Newsweek: “If you're in white-collar back office or retail middle management, it's rough right now. If you're in healthcare delivery, tech, or skilled trades, you're probably fine. The economy's not collapsing. It's just sorting out who actually belongs here and who was skating by on pandemic money and old business models that stopped working five years ago.”
Alex Beene, a financial literacy instructor for the University of Tennessee at Martin, told Newsweek: “The explanation for most of the recent layoffs has been they're all centered around ‘boosting efficiency.’ The reality is far more problematic for the broader economy. While AI has disrupted some positions in the workplace, the larger issue is demand in some sectors continues to slide. Simply put, Americans are spending less, which is reflected back in the costs businesses want to put into operations.”
What Happens Next
The layoffs could reflect shifting norms in the workplace as artificial intelligence continues to disrupt workflows.
“Unfortunately, these layoffs could be not the end but just another chapter in an ongoing story in 2026 of job cutbacks as some employers try to deal with declining revenues and find a path forward with reduced costs, which more than often come in the form of fewer jobs,” Beene said.
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