Telefónica, Iberia, Glovo… the year kicks off with a trickle of mass layoffs.

Iberia Vueling

Iberia, the national flag carrier, has just announced an ERE (Mass Layoff Procedure) to let go of 996 employees. This is the latest in a long series of announced layoffs that have already dominated headlines in the short time we’ve been in 2026. On March 1st, 2,700 workers left Telefónica, marking the first wave of a mass redundancy plan agreed upon with unions that will eventually affect a total of 5,800 workers across its various subsidiaries. Prior to this, mass layoffs were presented at Glovo (750 dismissals), Tubos Reunidos (301), Pepsico (414), Mediapro (250), Ericsson (164)…

In total, more than 11,000 workers have already been affected by these procedures—a high figure considering that the Spanish economy is growing above 2% and that, according to the Government, Spain is “taking off like a rocket.”

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.