Based on news reporting.
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 20 layoff events at Citibank since August 2023, affecting a combined 7,720 employees.
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Estimated figure based on news reporting. Not yet confirmed by Citibank.
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