Finance Layoffs
Comprehensive tracking of workforce reductions across the Finance industry.
Total Jobs Cut
Companies Affected
AI-Cited Layoffs
AI-Related Cuts
Companies
Citigroup
United States · Jan 2025
CEO Jane Fraser major restructuring; eliminating 20,000 positions medium-term
UBS
Switzerland · Jun 2025
Credit Suisse integration; removed ~14,000 full-time roles since acquisition
HSBC
AIUnited Kingdom · Jun 2025
Exploring cuts in non-client-facing roles; deepening AI reliance
Deutsche Bank
Germany · Apr 2025
Back-office role cuts; CEO Christian Sewing EUR 2.5 billion cost savings plan
UBS
Switzerland · Jan 2026
Credit Suisse integration; IT system decommissioning and workforce rationalization
Helvetia Baloise
Switzerland · Dec 2025
Insurance profitability boost through restructuring
Morgan Stanley
United States · Mar 2026
Workforce optimization and cost reduction
PayPal
AIUnited States · Jan 2024
CEO emphasized deploying automation across organization
Barclays
United Kingdom · May 2025
Workforce reductions affecting 200 banking/trading positions + 2,000 back-office jobs
GEICO
AIUnited States · Jan 2025
Berkshire Hathaway insurance unit cutting jobs; AI automation of claims processing
PayPal
United States · Feb 2023
Macro headwinds; slowing e-commerce growth
Morgan Stanley
United States · Sep 2025
Cutting jobs ahead of 2026 rolling layoff approach
Goldman Sachs
United States · Mar 2025
Annual review process; ditching annual culling for rolling layoffs
Capital One
United States · Mar 2026
Post-acquisition consolidation
Coinbase
United States · Jun 2022
Crypto winter; overhired during bull market
Stripe
United States · Nov 2022
Overhired during pandemic; broader economic slowdown
Citigroup
AIUnited States · Jan 2026
Automation and AI systems reducing middle-office operations needs
Ergo
AIGermany · Feb 2026
AI automation adoption in insurance operations
ING Group
AINetherlands · Oct 2025
Digital banking tools and AI reduced support function staffing
Robinhood
United States · Aug 2022
Crypto and meme stock trading volume collapse
Close Brothers
AIUnited Kingdom · Mar 2026
AI implementation at pace across banking operations
UniCredit
AIGermany · Mar 2026
Tech role elimination via AI automation
Gemini
United States · Feb 2026
Cryptocurrency market restructuring
Crypto.com
AISingapore · Mar 2026
Shift toward AI integration in crypto operations
InvestCloud
United States · Mar 2026
Financial technology company restructuring
Fiserv
United States · Mar 2026
Financial services tech giant cutting jobs at N.J. hub
Related Articles
What to Do in the First 48 Hours After Being Laid Off
An urgent action checklist for the first 48 hours after a layoff — covering health insurance, severance review, unemployment filing, and critical first steps.
Apr 1, 2026
How to Layoff-Proof Your Career in 2026
Practical, actionable strategies to make yourself layoff-resistant — from building AI-adjacent skills to financial preparation and strategic networking.
Apr 1, 2026
Oracle Layoffs 2026: 30,000 Jobs Cut in Massive Restructuring
Oracle eliminated 30,000 positions in March 2026 in the largest single tech layoff of the year. Here is what happened, who was affected, and why it matters.
Apr 1, 2026
Work in Finance?
Find out your personal layoff risk score with our AI-powered assessment.
Check Your Risk Score