Location: New York, NY, USA.
Department affected: ESG Research.
Based on news reporting.
Citigroup Inc. has laid off approximately 50 employees from its ESG Research department as part of a restructuring effort. This decision comes as the company seeks to streamline its operations and focus on core areas of business. The layoffs occurred in New York and are part of a broader trend within the financial services industry, where firms are reassessing their research capabilities. Citigroup's move reflects ongoing challenges in the ESG sector, prompting the firm to adjust its workforce accordingly.
Citigroup Inc. cut 50 jobs affecting its ESG Research team as of October 1, 2023.
LayoffTalk has tracked 13 layoff events at Citigroup Inc. since January 2023, affecting a combined 12,500 employees.
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