Which big banks will do layoffs in 2024?
Goldman Sachs 100%
Barclays 100%
Citigroup N/A
1D
1W
1M
ALL
2024 (+0)
$39,488vol
Goldman Sachs
Yes
Barclays
Yes
Citigroup
No
5 more markets
Rules summary for
Goldman Sachs
If Goldman Sachs has layoffs of at least 100 persons by Dec 31, 2024, then the market resolves to Yes. Outcome verified from Bloomberg.
Timeline and payout
About
Major U.S. banks have been undergoing significant workforce reductions in recent months. By the end of 2023, these banks had collectively cut over 62,000 jobs, with UBS leading the way with 13,000 layoffs, followed by Wells Fargo with 12,000 and Citigroup with 5,000. This trend is expected to continue, with Citigroup planning to cut 20,000 jobs over the next two years and Wells Fargo anticipating further layoffs. The banking sector's layoffs reflect the economic unease in a high-interest-rate environment, with investors keeping a close eye on rising credit card and loan delinquencies.
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