Layoffs tracker/Latest Nov 6, 2026
Finance and banking layoffs
Banks, insurers and finance companies that announced job cuts, with the number, the date and the source. Find the people, then see who is hiring.
- 17announcements tracked
- 8,280jobs cut in those announcements
For recruiters
These companies announced job cuts. "Find people" opens a LinkedIn search for the company name, so you can reach people who may be looking for their next role. See WARN notices for layoffs filed with states before they happen.
Jobs cut by month
People laid off in announcements that state a number, with the biggest cuts of each month. November is still going.
| Month | Jobs cut | Layoff announcements | Biggest cuts |
|---|---|---|---|
| December 2025 | 0 | 3 | |
| January 2026 | 0 | 1 | |
| February 2026 | 0 | 0 | |
| March 2026 | 3,600 | 2 | Morgan Stanley, Capital One |
| April 2026 | 0 | 0 | |
| May 2026 | 502 | 1 | Fifth Third Bank |
| June 2026 | 244 | 1 | JPMorgan Chase |
| July 2026 | 0 | 0 | |
| August 2026 | 0 | 1 | |
| September 2026 | 0 | 0 | |
| October 2026 | 3,634 | 3 | American Express, PacificSource |
| November 2026 | 0 | 1 |
Layoffs in 2026, month by month
| Month | Jobs cut | Layoffs | Companies | Biggest cut |
|---|---|---|---|---|
| November so far | 0 | 1 | 1 | |
| October | 3,634 | 3 | 3 | American Express (3,500) |
| September | 0 | 0 | 0 | |
| August | 0 | 1 | 1 | |
| July | 0 | 0 | 0 | |
| June | 244 | 1 | 1 | JPMorgan Chase (244) |
| May | 502 | 1 | 1 | Fifth Third Bank (502) |
| April | 0 | 0 | 0 | |
| March | 3,600 | 2 | 2 | Morgan Stanley (2,500) |
| February | 0 | 0 | 0 | |
| January | 0 | 1 | 1 | |
| 2026 total | 7,980 | 10 | 10 | American Express (3,500) |
Download every layoff as CSV. Free to use with credit to Work Insiders.
Biggest cuts since June 2025
Ranked by jobs cut, counting only announcements that state a number.
Top companies
- American Express
- Morgan Stanley
- Capital One
- Fifth Third Bank
- PacificSource
- JPMorgan Chase
17 announcements
Nothing matches those filters.
Friday, Nov 6 1 announcements
Wells Fargo
See how we’re helping customers succeed and communities thrive.
Wells Fargo announces more layoffs as workforce shrinks by over 10,000 (opens in new tab) TheStreet
Number not disclosedNot in total: No number was given.
Friday, Oct 23 1 announcements3,500 jobs cut
American Express
American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business…
American Express to Cut 3,500 Jobs (opens in new tab) WSJ
3,500 jobs cut5 headlines
Thursday, Oct 22 1 announcements
Barclays
Barclays is a British universal bank.
Barclays to Cut 5,000 Jobs in A.I.-Driven Push to Lower Costs (opens in new tab) The New York Times
5,000 jobs cut8 headlinesAI or automation17 open rolesNot in total: The company is based outside the US and the headline names no US site.
Wednesday, Oct 21 1 announcements134 jobs cut
PacificSource
PacificSource offers health insurance plans for individuals, families, and employers.
PacificSource to lay off 134 more Oregon workers as insurer continues to shrink (opens in new tab) Oregonlive
134 jobs cut2 headlines
Thursday, Aug 13 1 announcements
Pokemon Bank
Pokemon Bank is shutting down, announcement released (opens in new tab) Nintendo Everything
Entire companyNot in total: The company is closing; no job count was given.
Wednesday, Jun 24 1 announcements244 jobs cut
JPMorgan Chase
JPMorgan Chase announces 244 layoffs as it closes call center at Plano campus (opens in new tab) CBS News
244 jobs cutClosure (site, store or company)
Friday, May 8 1 announcements502 jobs cut
Fifth Third Bank
Fifth Third Bank to lay off 502 employees at Comerica office in Farmington Hills (opens in new tab) CBS News
502 jobs cut4 open roles
Thursday, Mar 5 1 announcements1,100 jobs cut
Capital One
Capital One cuts more than 1,100 Discover employees (opens in new tab) Banking Dive
1,100 jobs cut28 open roles
Wednesday, Mar 4 1 announcements2,500 jobs cut
Morgan Stanley
Morgan Stanley lays off 2,500 employees across divisions, source says (opens in new tab) Reuters
2,500 jobs cut2 headlines
Friday, Jan 9 1 announcements
Jenius Bank
Jenius Bank is winding down (opens in new tab) Banking Dive
Entire companyNot in total: The company is closing; no job count was given.
Tuesday, Dec 30, 2025 1 announcements
Mercedes-Benz Financial Services
Mercedes-Benz Financial Services to lay off 157 Farmington Hills employees (opens in new tab) CBS News
157 jobs cutNot in total: The company is based outside the US and the headline names no US site.
Friday, Dec 12, 2025 1 announcements
Chubb
Protect what matters most with Chubb’s personal and business insurance solutions.
Chubb to cut up to 20% of workforce in ‘radical’ AI drive (opens in new tab) Insurance Business
20% of workforce cutAI or automationNot in total: Only a share of the workforce was given.
Monday, Dec 1, 2025 1 announcements
Wells Fargo
See how we’re helping customers succeed and communities thrive.
Wells Fargo cuts jobs in West Des Moines, says more reductions likely (opens in new tab) The Des Moines Register
Number not disclosed2 headlinesNot in total: No number was given.
Thursday, Oct 30, 2025 1 announcements
Nigerian Fintech Lidya
Nigerian Fintech Lidya Shuts Down After Nearly a Decade (opens in new tab) Dabafinance
Entire companyNot in total: The company is closing; no job count was given.
Friday, Oct 24, 2025 1 announcements300 jobs cut
PacificSource
PacificSource offers health insurance plans for individuals, families, and employers.
Oregon's PacificSource laying off 300 people, a sixth of its workforce (opens in new tab) The Lund Report
300 jobs cut
Wednesday, Oct 22, 2025 1 announcements
Capital One
Capital One set to lay off hundreds of workers at suburban facility next month (opens in new tab) NBC 5 Chicago
Number not disclosed28 open rolesNot in total: No number was given.
Friday, Jun 6, 2025 1 announcements
BlackRock
BlackRock is one of the world’s preeminent asset management firms and a premier provider of investment management.
BlackRock to Cut More Than 1% Jobs in Second Round of Layoffs (opens in new tab) Yahoo Finance
1% of workforce cut19 open rolesNot in total: Only a share of the workforce was given.
Layoff questions, answered with the numbers
How many layoffs have there been since June 2025?
The Work Insiders tracker lists 17 layoff announcements from 14 banks, insurers and finance companies since June 2025, read from news headlines. Where a number of US jobs was given, they add up to 8,280 jobs cut. Shutdowns, buyouts, announcements that give only a share of staff or no number, cuts spread over several years, cuts outside the US and unchecked reader reports are listed but not in that total.
What was the largest layoff since June 2025?
American Express announced 3,500 job cuts on October 23, 2026, the largest single announcement on the tracker since June 2025.
How many layoffs are because of AI?
12% of the layoff headlines since June 2025 (2 of 17) name AI or automation as a reason. This is read from the headline only, so a cut whose headline does not give a reason is not in that share.
Report a layoff
Know about a layoff we missed?
Tell us the company and what happened. A report with a link to a public source that names the company goes on the tracker straight away; anything else is checked first. Reader reports without a checked source are listed but not counted in the totals.
How this list is built
Where the numbers come from
Each entry is a news headline in which a company announces job cuts, a shutdown or buyouts, read through the day from Google News, plus reader reports. The list goes back to June 2025; we are adding past headlines back to January 2025. The number shown is the one in the headline, and the headline links to the publisher. We do not estimate, and we leave out government, school and rumor stories.
Totals count only announcements that state a number of US jobs. Cuts given only as a share of staff, cuts with no number, worldwide numbers, shutdowns, buyouts, plans spread over several years and unchecked reader reports are listed but marked "Not in total". Stories from outlets outside the United States are left out.
One entry per company per three weeks; when more headlines report the same cut, the entry shows how many. Companies sometimes revise their numbers, so read the source before you act on one. Spotted a mistake? Tell us.