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FinanceAI-Cited Layoffs
United States2 layoff rounds tracked
5,000

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: CEO emphasized deploying automation across organization

Source: Engadget

January 2024

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

Reason: AI automation of payment processing operations

Source: Crunchbase

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

Engadget

CEO emphasized deploying automation across organization

Crunchbase

AI automation of payment processing operations

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