Financial Services Layoffs

Comprehensive tracking of workforce reductions across the Financial Services industry.

33,700

Total Jobs Cut

5

Companies Affected

2

AI-Cited Layoffs

18%

AI-Related Cuts

Companies

Citigroup

United States · Aug 2025

Organizational simplification and cost reduction

20,000

HSBC

United Kingdom · Jun 2025

Cost optimization and branch consolidation

4,000

Deutsche Bank

Germany · Jul 2025

Global restructuring and technology modernization

3,500

Goldman Sachs

AI

United States · Apr 2025

AI automation of trading and analysis roles

3,200

BlackRock

AI

United States · May 2025

AI replacing portfolio analysis and reporting

3,000

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