Citigroup

FinanceAI-Cited Layoffs
United States3 layoff rounds tracked
41,000

Total Jobs Cut

January 2026

Most Recent

20,000

Largest Single Layoff

Yes

AI Cited

Layoff Timeline

January 2026

1,000 jobs cut
AI-CITED

Reason: Automation and AI systems reducing middle-office operations needs

Source: Intellizence

August 2025

20,000 jobs cut

Reason: Organizational simplification and cost reduction

Source: WSJ

January 2025

20,000 jobs cut

Reason: CEO Jane Fraser major restructuring; eliminating 20,000 positions medium-term

Source: People Matters

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About Finance Layoffs

69,762

Total industry layoffs

35%

AI-cited events

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Other Finance Layoffs

Citigroup

1 round

20,000 jobs
UBS

1 round

14,000 jobs
HSBC

1 round

4,000 jobs
Deutsche Bank

1 round

3,500 jobs
UBS

1 round

3,000 jobs

Sources

Intellizence

Automation and AI systems reducing middle-office operations needs

WSJ

Organizational simplification and cost reduction

People Matters

CEO Jane Fraser major restructuring; eliminating 20,000 positions medium-term

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