Location: Jersey City, NJ.
Department affected: IT.
Based on news reporting.
Citibank Jersey City is planning to reduce its reliance on IT contractors as part of a strategy to enhance internal controls and improve operational efficiency. The company intends to hire full-time staff to replace these contractors, although specific numbers regarding the layoffs have not been disclosed. This move reflects Citibank's ongoing efforts to streamline its operations and strengthen its workforce. The changes are part of a broader initiative by Citigroup to optimize its IT department and ensure better oversight. The exact timeline for these changes has yet to be announced.
LayoffTalk has tracked 20 layoff events at Citibank since August 2023, affecting a combined 7,720 employees.
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Citibank has announced planned job cuts, expected around January 2026. If you work there, what are you hearing internally? Which teams expect to be affected? You can post anonymously below.
Estimated figure based on news reporting. Not yet confirmed by Citibank.
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