Location: New York, NY, USA.
Department affected: various departments.
Based on news reporting.
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.
Citigroup Inc. cut 200 jobs affecting its various departments team as of October 20, 2023.
That is roughly 0.1% of the 229,000 people Citigroup Inc. employs.
LayoffTalk has tracked 13 layoff events at Citigroup Inc. since January 2023, affecting a combined 12,500 employees.
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