Location: New York, NY.
Based on news reporting.
Citibank has announced plans to lay off approximately 2,000 employees starting in 2026 as part of a restructuring effort aimed at streamlining operations and reducing costs. The layoffs are expected to impact various departments within the company, primarily in New York. This decision comes amid ongoing challenges in the financial sector, prompting Citibank to reassess its workforce and operational strategies. The company has indicated that these layoffs are part of a broader initiative to enhance efficiency and adapt to changing market conditions.
Citibank cut 2,000 jobs as of January 1, 2026.
That is roughly 1% of the 210,000 people Citibank employs.
LayoffTalk has tracked 20 layoff events at Citibank since August 2023, affecting a combined 7,720 employees.
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Citibank cut 2,000 jobs on October 1, 2023. What did this look like from the inside — which teams, how much notice, what severance was offered? You can post anonymously below.
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