Mastercard, Dow Add to Recent Batch of Layoffs

Amazon and UPS are some of the other major companies announcing job cuts.File photo showing Mastercard and Visa credit cards in Zelienople, Pa., on Feb. 20, 2019. AP Photo/Keith Srakocic, File1/29/2026|Updated: 1/29/2026Credit card giant Mastercard Inc. and chemical conglomerate Dow Inc. have announced new layoffs, adding to growing worker anxiety in the U.S. labor market.A strategic business review of its operations will result in the cutting of 4 percent of its global workforce, Mastercard said in a Jan. 29 earnings call with analysts.Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of “The War on Cash.”Author’s Selected Articles