Based on news reporting.
Citibank is reportedly reducing its workforce by targeting higher-cost employees as part of its ongoing data transformation efforts. The company is focusing on streamlining operations and addressing challenges related to data management. While specific numbers of layoffs were not disclosed, the emphasis on cutting expensive positions indicates a strategic shift in workforce management. This move reflects broader trends in the financial sector as firms adapt to evolving technological demands and cost pressures.
LayoffTalk has tracked 20 layoff events at Citibank since August 2023, affecting a combined 7,720 employees.
Anonymous by default. Be kind — people reading this may be going through it right now.
No comments yet. Be the first to share your thoughts.
Share your story anonymously — it helps others reading this feel less alone.
Share your story →Recent tracked events at this company.