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FintechAI-Cited Layoffs
United States1 layoff round tracked
2,500

Total Jobs Cut

January 2024

Most Recent

2,500

Largest Single Layoff

Yes

AI Cited

Layoff Timeline

January 2024

2,500 jobs cut(9% of workforce)
AI-CITED

Reason: AI automation of payment processing operations

Source: Crunchbase

About Fintech Layoffs

20,270

Total industry layoffs

45%

AI-cited events

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Other Fintech Layoffs

Block

1 round

4,000 jobs
Block (Square/Cash App)

1 round

4,000 jobs
PayPal

1 round

2,500 jobs
Klarna

1 round

2,000 jobs
Stripe

1 round

1,120 jobs

Sources

Crunchbase

AI automation of payment processing operations

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