Comparing the 2026 layoffs at HSBC (20,000 jobs) and Citigroup (20,000 jobs). Both companies cut 20,000 jobs; Citigroup cut a larger share of its workforce.
| HSBC | Citigroup | |
|---|---|---|
| People Cut | 20,000 | 20,000 |
| % of Workforce | 9.5% | 10% |
| Total Workforce | 210,000 | 200,000 |
| Date | ||
| Category | AI-DRIVEN | AI-DRIVEN |
| Industry | Finance & Banking | Finance & Banking |
| Reason | 10% cut, AI-driven. | 10% workforce. |