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REPORTED · NEWSPublished May 20, 2026

Citibank Announces Over 300 Layoffs in New York

SOURCENews reportView the filing ↗

EMPLOYEES AFFECTED
300
SHARE OF WORKFORCE
~0.1%
EFFECTIVE DATE
May 20, 2026
300 OF 210,000 EMPLOYEES

What we know

Location: New York, NY.

Based on news reporting.

Summary

Citibank has disclosed that it will lay off over 300 employees in New York as part of its ongoing job cuts. This decision is part of a broader strategy to streamline operations and reduce costs amid changing market conditions. The layoffs are expected to impact various roles within the organization, reflecting the company's efforts to adapt to economic pressures. Citibank's restructuring plan aims to enhance efficiency and maintain competitiveness in the financial sector.

Citibank cut 300 jobs in NY as of May 20, 2026.

That is roughly 0.1% of the 210,000 people Citibank employs.

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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SOURCE
News reporting
View original source ↗
C
CitibankC
Financials · 210,000 employees
30
EVENTS TRACKED
1,259
JOBS IN WARN FILINGS
View company profile

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CREATED MAY 21, 2026LAST UPDATED AUG 7, 2026