30,712
Job cuts with exact counts (a floor)
21
Layoff announcements
73%
Of exact-count cuts attributed to AI by the company itself
6
Announcements reported as a percentage, range or undisclosed, not summed
How AI was linked to the cuts
- AI does the work: 18 of 21
- AI cited only in general terms: 3 of 21
"AI does the work" means the source says AI or automation now does, or removes the need for, work the cut roles did. "Cuts fund AI" means the cuts free money or focus for AI. Definitions →
Every entry
| Date | Company | Affected | Country | What was said | Source |
|---|---|---|---|---|---|
| HSBC (UK wealth) | Undisclosed | United Kingdom | Planning cuts of about half of management and specialist roles and up to ~70% of financial advisers in its UK wealth business as part of a broader push to integrate AI and shift to digital products, per the FT; HSBC says it is evolving toward 'more digitally enabled products and journeys'.Attribution: strong · AI does the work | Reuters (via The Star), citing the Financial Times | |
| DNB | 400 | Norway | Cutting about 400 full-time positions in its Technology & Services unit; the bank said agentic AI already delivers 'substantial efficiency gains' and CEO Kjerstin Braathen said 'AI is changing the way we work and how we deliver services to our customers'.Attribution: explicit · AI does the work | DNB stock exchange release (via Inderes) | |
| FICO (Fair Isaac) | 15% | United States | Eliminating about 15% of positions (~570 roles by Reuters' estimate) in a restructuring whose SEC 8-K lists flattening management layers, simplifying operations and 'integrating AI-driven product development'.Attribution: explicit | Reuters (via Investing.com) | |
| Chime | 150 | United States | Cut about 150 employees (10%) to run with smaller, flatter teams; CEO Chris Britt's memo said 'AI is changing what's possible but requires new skills'.Attribution: explicit | Banking Dive | |
| Visa | 2,600 | United States | Cut about 2,600 roles (~7%), mainly in technology and product teams; CEO Ryan McInerney's memo said 'AI is also helping to accelerate this evolution and shape the way work gets done at Visa', and a source told CNBC AI was a significant but not sole factor.Attribution: explicit | FStech | |
| Luno | 20% | United Kingdom | Cut about 20% of global staff; CEO James Lanigan told Bloomberg the firm had made 'material investments in automation and broader operational improvements' that are 'rapidly changing the resource model required to run the business effectively'.Attribution: explicit · AI does the work | Decrypt | |
| Danske Bank | 262 | Denmark | Danske Bank made 262 positions redundant across seven countries, citing increased automation and 'increased use of digital tools and AI based solutions that help handle simpler tasks more efficiently'.Attribution: explicit · AI does the work | Danske Bank press release | |
| Rapyd | Undisclosed | Israel | CEO Arik Shtilman told staff 'Rapyd is now a company operated by AI' as it shut an entire department and restructured into an 'AI-driven organization'.Attribution: explicit · AI does the work | Calcalist (CTech) | |
| Acrisure | 2,250 | United States | CEO Greg Williams told staff the ~2,250-role (11%) phased reduction is driven by how work must evolve as the firm uses AI, data and automation to cut manual work, with client work 'that took days or weeks reduced to minutes'.Attribution: explicit · AI does the work | Business Insurance | |
| Standard Chartered | 7,800 | United Kingdom | At a Hong Kong investor event the bank said it would cut at least 15% of back-office/corporate-function roles by 2030 as it scales AI; CEO Bill Winters said it was 'replacing in some cases lower-value human capital' with investment capital, later walking the wording back.Attribution: explicit · AI does the work | Fox Business | |
| Commerzbank | 3,000 | Germany | Commerzbank's 'Momentum 2030' strategy cut ~3,000 further gross positions while announcing ~EUR 600m of AI investment and saying AI will 'free up and partially redeploy around 10% of its capacities'.Attribution: strong · AI does the work | Commerzbank press release | |
| Coinbase | 700 | United States | CEO Brian Armstrong said 'AI is changing how we work' and the company must leverage AI across every facet of its jobs, restructuring around small AI-enabled teams including one-person teams.Attribution: explicit · AI does the work | TechCrunch | |
| PayPal | 20% | United States | New CEO Enrique Lores paired a ~20% workforce reduction over 2-3 years with 'aggressively adopting AI' across processes, targeting $1.5B in savings via AI-enabled processes and an 'AI transformation and simplification' team.Attribution: explicit · AI does the work | TechCrunch | |
| Crypto.com | 180 | Singapore | Crypto.com cut about 12% of staff (~180 of ~1,500) as it integrates enterprise-wide AI, with CEO Kris Marszalek saying companies that pair the best AI tools with top performers will win and 'companies that move slowly will be left behind'.Attribution: explicit · AI does the work | CoinDesk | |
| ING | 1,250 | Netherlands | ING will cut about 1,250 operational roles worldwide this year, presented alongside its digitalisation and AI plan to handle higher workloads without proportionally more staff, targeting ~EUR 350M savings.Attribution: explicit · AI does the work | NL Times | |
| Nordea | 1,500 | Finland | Nordea announced ~1,500 job cuts over 2026-2027, stating that 'with Nordic scale, the impact of AI and process optimisation, Nordea expects to have fewer employees in the future than today'.Attribution: explicit · AI does the work | Finansforbundet | |
| Block | 4,000 | United States | Block is cutting over 4,000 jobs, from more than 10,000 staff to under 6,000, with CEO Jack Dorsey saying 'intelligence tools' paired with smaller, flatter teams fundamentally change what it means to build and run a company.Attribution: explicit · AI does the work | Fortune | |
| Danske Bank | 420 | Denmark | Danske Bank is cutting 420 positions, mainly in Denmark and Lithuania, saying 'increased automation and simplification efforts' mean many manual tasks 'are now automated or supported by stronger tooling', lowering staffing needs.Attribution: explicit · AI does the work | Danske Bank press release | |
| ERGO (Munich Re) | 1,000 | Germany | ERGO will eliminate about 1,000 of its ~15,000 German positions by 2030, mainly in call centres and claims handling, with HR director Lena Lindemann saying the cuts come 'with the reinforced use of AI'; reductions are via attrition and early retirement, not forced layoffs.Attribution: explicit · AI does the work | The Local / AFP | |
| ABN AMRO | 5,200 | Netherlands | ABN AMRO will cut 5,200 FTE by 2028 (almost a quarter of staff); reporting says AI will take over many tasks, with customer service, operations and AML-check teams shrinking ~35%, and the CEO called AI 'a key driver of efficiency'.Attribution: strong · AI does the work | IO+ (Innovation Origins) | |
| Klarna | 40% | Sweden | CEO Sebastian Siemiatkowski said the workforce shrank about 40%, from about 5,000 to almost 3,000, in part due to AI investments; the reduction came through natural attrition after a hiring freeze rather than layoffs.Attribution: explicit · AI does the work | CNBC |
Totals count exact headcounts only, so they are a floor. The full dataset is free to download as CSV under CC BY 4.0; see the methodology for inclusion rules and the press page for how to cite it.