Stripe

Finance
United States2 layoff rounds tracked
2,220

Total Jobs Cut

November 2022

Most Recent

1,120

Largest Single Layoff

No

AI Cited

Layoff Timeline

November 2022

1,100 jobs cut(14% of workforce)

Reason: Overhired during pandemic; broader economic slowdown

Source: CNBC

November 2022

1,120 jobs cut(14% of workforce)

Reason: Over-hired during pandemic; economic headwinds

Source: Layoffs.fyi

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

CNBC

Overhired during pandemic; broader economic slowdown

Layoffs.fyi

Over-hired during pandemic; economic headwinds

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