American Banker
americanbanker.com › list › banking-credit-union-fintech-industry-layoffs-2024
Banking, credit union, fintech industry layoffs: 2024 | American Banker
September 8, 2024 - The cuts would affect about 10% of the unit's 485 staffers in the U.K. Read more: Citigroup weighs cutting 10% of wealth employees in London · Virgin Money has cut about 150 jobs and 39 branches thus far in 2024 and plans further reductions ...
Reuters
reuters.com › business › finance › us-banking-giants-shed-over-17000-employees-turbulent-year-2024-01-12
US banking giants shed over 17,000 employees in turbulent year | Reuters
January 12, 2024 - As of September end, they had cut over 4,300 jobs versus last year. Earlier in 2023, Goldman Sachs undertook its biggest round of layoffs since the global financial crisis of 2008.
Videos
28:58
Citigroup Fires 23,000 Workers as Banks Start To COLLAPSE - YouTube
22:18
200,000 Workers Are Fired From Banking - NO MORE JOBS LEFT - YouTube
25:53
Big Banks Are Firing THOUSANDS of Workers - Wall Street MASS LAYOFFS ...
03:35
Five big banks cut a combined 20,000 jobs in 2023
00:27
BMO, formerly Bank of the West, announces more Omaha layoffs
Watch Citigroup Plans Job Cuts as Bank Is Restructured - Bloomberg
Forbes
forbes.com › sites › jackkelly › 2024 › 09 › 03 › goldman-sachs-plans-to-lay-off-around-1300-employees
Goldman Sachs Plans To Lay Off Around 1,300 Employees
September 12, 2024 - Photographer: Cyril Marcilhacy/Bloomberg© 2024 Bloomberg Finance LP · Goldman Sachs has begun culling workers, and will continue the ongoing job cuts through fall as part of its annual review process, according to the Wall Street Journal.
TheLayoff
thelayoff.com › t › 1t6y8qq1
Layoffs Nov/Dec 2024 - post regarding Bank of America layoffs
June 19, 2024 - Ever. ... Multiple teams were let go on 11/14; I heard roughly 500 people in total were affected. The majority of the team had been here for 5-6 years, and others for 20-25 years.
Banking Dive
bankingdive.com › news › running-list-fintech-layoffs-2024 › 721313
A running list of fintech layoffs in 2024 | Banking Dive
August 9, 2024 - The cuts align with previous commentary from Dorsey, who, according to a separate Business Insider report, told employees last year to expect a 10% cut in headcount after its workforce grew faster than its business.
CNBC
cnbc.com › 2023 › 10 › 19 › big-banks-cut-thousands-of-jobs-more-layoffs-coming.html
Big banks are quietly cutting thousands of employees, and more layoffs are coming
October 19, 2023 - "Attrition has remained low, which will likely result in additional severance expense for actions in 2024." Meanwhile, after several rounds of cuts in the past year, Goldman executives said that they had "right-sized" the bank and don't expect ...
Fast Company
fastcompany.com › home › news › 2024 layoffs: citigroup announces it will cut 20,000 jobs as banks report lower q4 profits
2024 Layoffs: Citigroup announces it will cut 20,000 jobs as banks report lower Q4 profits
January 12, 2024 - Citigroup announces it will cut 20,000 jobs as banks report lower Q4 profits. Despite all this, the banks had a mostly strong 2023.
Reuters
reuters.com › markets › us › big-banks-led-by-citi-continue-layoffs-amid-pressure-cut-costs-2024-04-16
Big banks led by Citi continue to trim staff to cut costs | Reuters
April 16, 2024 - The layoffs were part of a broader goal to reduce Citi's staffing by 20,000 over the next two years. Industry executives acknowledged the challenges in navigating the changing rate environment. Analysts said higher funding costs, contracting net interest margins and uneven trading results were likely to keep banks cautious.
TheLayoff
thelayoff.com › u-s-bancorp
U.S. Bank Layoffs - TheLayoff.com
| Zions Bancorp | Grupo Financiero Santander Mexico S.A.B. de C.V. ADS | National Bank Holdings Corp. | Oriental Financial Group Inc. | Citigroup Inc. / Citibank / Citi · Comment! It's anonymous! ... The traditional Wall Street playbook held that layoffs tied to strategic restructuring would boost stock prices, while cuts driven by declining sales would hurt them.
Integrity Research
integrity-research.com › home › mixed wall street jobs outlook in november 2024
Mixed Wall Street Jobs Outlook in November 2024 • Integrity Research
December 9, 2024 - During the month, Newark, NJ-based financial services giant Prudential Financial announced that it was laying off 108 staff, bringing the total number of redundancies announced in 2024 to 634.
NorthJersey.com
northjersey.com › story › news › business › 2024 › 04 › 10 › banking-finance-sector-layoffs-nj-prudential-financial-jpmorgan-chase-td-bank-charles-schwab › 73258708007
Banking, finance sector layoffs hit NJ, include Prudential and JPMorgan Chase
April 10, 2024 - Five companies announced NJ layoffs in 2024: The Bank of New York Mellon Corporation, TD Bank, Prudential Financial, Citibank and JPMorgan Chase.
PYMNTS
pymnts.com › home › goldman sachs begins layoffs as part of annual review process
Goldman Sachs Begins Layoffs as Part of Annual Review Process | PYMNTS.com
August 30, 2024 - By PYMNTS | August 30, 2024 · | Goldman Sachs reportedly plans to lay off between 3% and 4% of its workforce — amounting to about 1,300 to 1,800 people — as part of its annual review process.
Fortune
fortune.com › 2024 › 08 › 30 › goldman-sachs-layoffs-low-performers
Goldman Sachs cutting several hundred employees in annual cull of low performers | Fortune
August 30, 2024 - The fresh round of firings would bring total cuts in 2024 to about 3% to 4% of the bank’s workforce.
Integrity Research
integrity-research.com › home › wall street jobs outlook deteriorates in august 2024
Wall Street Jobs Outlook Deteriorates in August 2024 • Integrity Research
September 9, 2024 - A Wall Street Journal report recently said that the Goldman layoffs have already begun, will continue through the fall, and may impact more than 1300 employees, or 3% to 4% of the bank’s workforce.
TheLayoff
thelayoff.com › bank-of-america
Bank of America Layoffs - TheLayoff.com
#Culture #EmployeeRelations #Layoffs #Leadership #Management ... If you’re out on vacation for 1 or 2 days out of the week, what happens with the 3 days in office requirement? Same question again but on weeks with holidays, what happens with the 3 days in office requirement. #Office #Vacation #WorkFromAnywhere #WorkLifeBalance ... The management team documented headcount reductions at Investor Day and the materials are on investor.bankofamerica.com - read it for...
Reddit
reddit.com › r/askto › job market & layoffs 2024
r/askTO on Reddit: Job Market & Layoffs 2024
September 28, 2023 -
I work for one of the big 5 Banks and have heard about layoffs that have been happening recently in banks and across many other industries too. It's only been a month of 2024, so I assume this is only the start? It's kind of scary to think about making a good income, and then having close to no income, and job searching in this really bad job market.
Does anyone else know about any layoffs happening? If so, what industries/roles/departments? What are your backup plans?
Top answer 1 of 42
148
At a big 5 as well. BMO and RBC did their big cuts last year before bonus season. Not sure what else is coming down. It all depends which space you are in but if feeling nervous add insurance to any debt and build your emergency savings fund. May the odds be in your favor.
2 of 42
144
Just got laid off this afternoon! 🤌🏻😮💨
ConsumerCoverage
consumercoverage.com › home › blog › economy › how economic trends impact bank employee layoffs
How Economic Trends Impact Bank Employee Layoffs
August 20, 2024 - According to Forbes’ 2023 Layoff ... Valley Bank employees in the commercial banking business. Wells Fargo laid off 100 employees in two September layoff rounds, then laid off another 100 Florida employees....
Usearch
usearch.com › dataset › bank-layoffs
Complete List of Recent Bank Layoffs - Usearch
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Reddit
reddit.com › r/askto › td bank layoffs - q4 2024
TD Bank layoffs - Q4 2024 : r/askTO
June 22, 2024 - There are no layoffs currently ongoing. ... It’s because TD in USA has been hit with a 32 billion dollar settlement agreement. The Feds caught TD doing massive money laundering. To avoid jail time the company agreed to a 32 billion dollar settlement. It’s going to very painful for people ...
Reddit
reddit.com › r/usbank › major u.s. bank layoffs today october 16th
r/USbank on Reddit: Major U.S. Bank Layoffs Today October 16th
October 17, 2024 -
Apparently as many as 7,000 U.S. Bank employees throughout North America were laid off today with the next round coming November 15th.
Layoffs affected most business lines and reportedly were targeted towards grades 13-16 (senior individual contributors to middle managers).
Many teams lost multiple people and although rumors abounded, they were given little warning that their jobs were in jeopardy.
I’ve heard from 10+ people affected but 25+ people who were not but know several who were in their areas.
Tomorrow should be an eye opener at the bank.
Were you affected or know someone who was?
Top answer 1 of 5
10
I was cut last week from Wealth Mgmt. Heard from another colleague who was let go before me that there would be massive wave this week - so here it comes. If true this would be about 10% of workforce.
2 of 5
10
They laid off all of fraud on the West Coast (CA, WA, and OR). A lot of those employees have been with USB for decades and provided so much talent, experience, and knowledge to the department that none is gone and it’s evident.