Citibank Jersey City to Lay Off 30% of IT Contractors
SOURCENews reportView the filing ↗
What we know
Location: Jersey City, NJ.
Department affected: IT.
Based on news reporting.
Summary
Citibank Jersey City is planning to lay off 30% of its IT contractors as part of a restructuring effort. This decision comes amid broader changes within Citigroup, which aims to streamline operations and reduce costs. While specific numbers of affected employees have not been disclosed, the layoffs are part of a larger trend affecting the company's workforce. The exact timeline for these layoffs has not been provided, but they are expected to impact the IT department significantly. This move reflects ongoing challenges in the financial sector and the need for companies to adapt to changing market conditions.
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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Estimated figure based on news reporting. Not yet confirmed by Citibank.
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