According to a December 2022 report, the financial technology and technology industries saw the highest increases in job cuts when compared with the previous year. The financial technology (FinTech) industry saw a 1,669.6 percent increase in job cuts in 2022. FinTech companies are those using non-traditional financial methods to deliver financial services such as AI, blockchain, cloud computing, and big data. The FinTech industry saw boom during the early days of the pandemic, driven by low interest rates and tight financial conditions for consumers.
Percent change in the number of job cuts in the United States between 2021 and 2022, by industry
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Challenger, Gray & Christmas, Inc.. (January 6, 2023). Percent change in the number of job cuts in the United States between 2021 and 2022, by industry [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1368004/job-cuts-industry-us/
Challenger, Gray & Christmas, Inc.. "Percent change in the number of job cuts in the United States between 2021 and 2022, by industry." Chart. January 6, 2023. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1368004/job-cuts-industry-us/
Challenger, Gray & Christmas, Inc.. (2023). Percent change in the number of job cuts in the United States between 2021 and 2022, by industry. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1368004/job-cuts-industry-us/
Challenger, Gray & Christmas, Inc.. "Percent Change in The Number of Job Cuts in The United States between 2021 and 2022, by Industry." Statista, Statista Inc., 6 Jan 2023, https://www.statista.com/statistics/1368004/job-cuts-industry-us/
Challenger, Gray & Christmas, Inc., Percent change in the number of job cuts in the United States between 2021 and 2022, by industry Statista, https://www.statista.com/statistics/1368004/job-cuts-industry-us/ (last visited November 03, 2024)
Percent change in the number of job cuts in the United States between 2021 and 2022, by industry [Graph], Challenger, Gray & Christmas, Inc., January 6, 2023. [Online]. Available: https://www.statista.com/statistics/1368004/job-cuts-industry-us/
