U.S. percent change in job cuts 2021-2022, by industry
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.
