Citibank Plans Job Cuts Amid CEO's Warning to Staff
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
Citibank's CEO Jane Fraser has issued a stark warning to employees regarding upcoming job cuts as the bank navigates challenging economic conditions. While specific numbers of layoffs have not been disclosed, the announcement indicates that workforce reductions are imminent. The bank is reportedly restructuring to adapt to the current financial landscape, which may lead to significant changes in staffing. Employees are urged to prepare for potential impacts on their roles as the company assesses its operational needs moving forward.
LayoffTalk has tracked 30 layoff events at Citibank since January 2023, including 1,259 jobs documented in official WARN filings, with 23 additional events known from news reporting.
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