Citigroup Cuts Jobs in Various Roles This Week
SOURCENews reportView the filing ↗
What we know
Location: New York, NY, USA.
Department affected: various departments.
Based on news reporting.
Summary
Citigroup Inc. has laid off approximately 200 employees across various departments this week, primarily in its New York office. The job cuts are part of the company's ongoing restructuring efforts aimed at streamlining operations and reducing costs. This move follows a series of layoffs earlier in the year as Citigroup continues to adapt to changing market conditions and focus on efficiency. The affected roles include positions in technology, operations, and support services, reflecting a strategic shift in the company's workforce management. Citigroup's leadership has indicated that these changes are necessary to enhance competitiveness and align with future business goals.
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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