Workforce

Headcount and revenue per employee

Year-end employees from annual reports, with revenue per employee in USD at fixed approximate exchange rates. "Cutting" means headcount fell 1.5% a year or more; "Efficiency gains" means headcount held while revenue per employee rose 10% or more. Click a column to sort.

No headcount data for these accounts yet.

Layoff tracker

WARN Act notices and announced or reported reductions, newest first. WARN notices only cover US sites with 50+ job losses, so they understate global cuts.

• Oct 23, 2026Announced
  American Express Company3,500 roles

  About 3,500 roles (about 5% of staff) as it removes management layers to automate more work with AI; $336M restructuring charge.

  management layerscnbc.com
• Oct 22, 2026Announced
  Barclays PLC5,000 roles

  About 5,000 roles (roughly 5% of staff) to go by the end of 2026, credited to years of technology and AI investment; about 1,000 were cut in the first half.

  operations, corporate functionsuk.finance.yahoo.com
• Oct 20, 2026Announced
  National Australia Bank Limited2,500 roles

  Up to 2,500 jobs by Christmas in an operating-model overhaul as credit growth slows.

  operations, support functions · Australiathestar.com.my
• Oct 14, 2026Reported
  Bank of America Corporation3,500 roles

  Headcount down about 3,500 year on year while client-facing teams grew; management credits AI and process automation and plans continued headcount discipline into 2027.

  back officegloom.sh
• Oct 2, 2026WARN notice
  Sumitomo Mitsui Financial Group, Inc. (SMFG)75 roles

  New Jersey WARN notice at SMBC in Jersey City.

  Jersey City, NJyahoo.com
• Sep 30, 2026WARN notice
  Prudential Financial, Inc.125 roles

  A second New Jersey WARN notice.

  Newark, NJfinance.yahoo.com
• Sep 15, 2026WARN notice
  Truist Financial Corporation361 roles

  WARN notices as it shuts the Regional Acceptance auto lending unit after selling $5.5B of its loans.

  auto lending · Winterville, NC, Arlington, TXchron.com
• Aug 21, 2026WARN notice
  JPMorgan Chase & Co.63 roles

  Further New Jersey WARN filing.

  Jersey City, NJlayoffhedge.com
• Jul 28, 2026Announced
  Visa Inc.2,600 roles

  About 2,600 jobs (around 7% of staff) in an efficiency push; the CEO memo says AI is reshaping how work gets done.

  technology, productcnbc.com
• Jul 22, 2026WARN notice
  Prudential Financial, Inc.89 roles

  New Jersey WARN notice; the company cites investing where it is most competitive.

  Newark, NJnews.ambest.com
• Jul 8, 2026Announced
  Allianz SE1,800 roles

  Up to 1,800 roles at Allianz Partners travel insurance over 12-18 months as AI automates call-center work.

  call centers, claimsglobalbankingandfinance.com
• Jun 29, 2026Announced
  Nationwide Building Society600 roles

  About 600 roles, the first redundancies since the Virgin Money takeover.

  UKtheguardian.com
• Jun 15, 2026Reported
  BlackRock, Inc.200 roles

  About 200 roles, including in the private-markets arm built around HPS.

  investments, operations, technology, private markets · Globaluk.finance.yahoo.com
• May 8, 2026Reported
  Commerzbank AG3,000 roles

  A further 3,000 cuts alongside a EUR 600M AI program for 2026-2030 (about 6,900 in total).

  bloomberg.com
• May 1, 2026Announced
  Cboe Global Markets, Inc.332 roles

  About 20% of staff as it exits listings, CEDX and Japanese equities to focus on US options, futures and data.

  qz.com
• May 2026WARN notice
  Fifth Third Bancorp502 roles

  WARN notice at the customer operations center ahead of the Labor Day 2026 conversion.

  operations, back office · Farmington, MIbankingdive.com
• Apr 17, 2026WARN notice
  The PNC Financial Services Group, Inc.777 roles

  WARN notice for about 777 FirstBank roles after the January 2026 acquisition closed; branch staff not affected.

  back office, operations, corporate · Lakewood, COdenverpost.com
• Mar 19, 2026Reported
  The Goldman Sachs Group, Inc.1,500 roles

  Performance-based cuts of about 1,500 (3-5%) starting in April 2026.

  wkzo.com
• Mar 2026Reported
  Morgan Stanley2,500 roles

  About 2,500 roles (about 3%), framed as performance management and a move of some roles to lower-cost locations.

  all divisionslivenowfox.com
• Mar 2026Reported
  UniCredit S.p.A.400 roles

  About 300-400 technology roles in Germany, with some back-office work moving to Romania.

  technology · Germany, Romaniaintellizence.com
• Feb 3, 2026WARN notice
  Wells Fargo & Company112 roles

  WARN notice, mostly loan servicing roles. Management says headcount is down about 30% since 2020.

  loan servicing · Raleigh, NCspectrumlocalnews.com
• Feb 2026WARN notice
  JPMorgan Chase & Co.121 roles

  New Jersey WARN notices for a business review.

  Jersey City, NJlayoffhedge.com
• Jan 7, 2026WARN notice
  Fifth Third Bancorp184 roles

  WARN notice at the former Comerica headquarters, for the Comerica integration.

  Frisco, TXbankingdive.com
• Jan 2026Reported
  BlackRock, Inc.250 roles

  About 250 roles (about 1%) to streamline teams.

  finance.yahoo.com
• Jan 2026Reported
  Mastercard Incorporated1,400 roles

  About 1,400 roles (about 4%) after a business review, redirecting resources to other areas.

  finance.yahoo.com
• Feb 2025Announced
  Commerzbank AG3,900 roles

  Plan to cut 3,900 roles by 2028, mainly in Germany, as part of the defense against UniCredit.

  Germanyunverified
• Oct 2024Announced
  Intesa Sanpaolo S.p.A.9,000 roles

  About 9,000 voluntary exits by 2027 under an agreement with unions, with about 3,500 young hires; part of a EUR 5B tech program.

  Italyunverified
• Jan 2024Announced
  Citigroup Inc.20,000 roles

  Plan to cut about 20,000 roles through 2026 as part of the reorganization into five businesses, alongside the Banamex separation.

  aol.com

No job cuts on file for these accounts.

Hiring signals

Open roles by function from careers pages and job boards, as a snapshot on the date shown. A high share of AI, data or cloud roles shows where a client is investing before it announces anything.

No hiring snapshots for these accounts yet. Add one under hiring: in the account'sbriefs/_intel file.

Executive and leadership moves

New or departing CIOs, CTOs, CDOs, COOs and other leaders. A new leader is often the best way in.

• Oct 2026Announced
  Chief Risk Officer · Scott Powell at Wells Fargo & Company

  CRO Derek Flowers is retiring and COO Scott Powell will take the role, which leaves the COO seat open.

  finance.yahoo.com
• Sep 2026Joined
  CIO · Guillermo Veiga at The Capital Group Companies, Inc.

  New CIO appointment.

  cio.com
• Jun 3, 2026Promoted
  Head of Strategy, M&A and IR · Margo Pilic at Citigroup Inc.

  Rafael Soeda (COO of Services) becomes Chief of Staff to Jane Fraser.

  citigroup.com
• Jun 2026Joined
  CIO, Arch Insurance North America · Imran Jalozie at Arch Capital Group Ltd.

  New CIO for the North American insurance unit.

  cio.com
• Mar 2026Joined
  CIO · Brian Saluzzo at Citigroup Inc.

  Former Google executive named Citi CIO.

  bankingdive.com
• Sep 1, 2025Joined
  Group COO and CTO · Juan Olaizola at Banco Santander, S.A.

  Replaced Dirk Marzluf, who moved to senior advisor on transformation.

  fintechfutures.com

No leadership moves on file for these accounts.

Offshoring and captive center footprint

Global capability centers and captive operations by country. Growing centers are openings for build-operate-transfer, managed services or capability uplift.

No captive centers on file for these accounts.