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
PayPal
AIUnited States · Jan 2024
CEO emphasized deploying automation across organization
Morgan Stanley
United States · Mar 2026
Workforce optimization and cost reduction
GEICO
AIUnited States · Jan 2025
Berkshire Hathaway insurance unit cutting jobs; AI automation of claims processing
Barclays
United Kingdom · May 2025
Workforce reductions affecting 200 banking/trading positions + 2,000 back-office jobs
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
Coinbase
AIUnited States · May 2026
AI-driven restructuring
Coinbase
AIUnited States · May 2026
AI layoff wave
Coinbase
AIUnited States · May 2026
AI layoff wave
Coinbase
AIUnited States · May 2026
AI-Native Talent and "One-Person Teams"
Coinbase
AIUnited States · May 2026
AI-driven restructuring
Goldman Sachs
United States · Mar 2025
Annual review process; ditching annual culling for rolling layoffs
Capital One
United States · Mar 2026
Post-acquisition consolidation
Stripe
United States · Nov 2022
Overhired during pandemic; broader economic slowdown
Coinbase
United States · Jun 2022
Crypto winter; overhired during bull market
Capital One
United States · Jun 2026
job losses
ING Group
AINetherlands · Oct 2025
Digital banking tools and AI reduced support function staffing
Ergo
AIGermany · Feb 2026
AI automation adoption in insurance operations
Block
United States · Jun 2026
job losses
Morgan Stanley
United States · Jun 2026
job losses
Citigroup
AIUnited States · Jan 2026
Automation and AI systems reducing middle-office operations needs
Robinhood
United States · Aug 2022
Crypto and meme stock trading volume collapse
Unknown Bank
United States · Apr 2026
Bank acquisition
Discount Bank
Israel · May 2026
Profit 10% lower
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
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