Location: New York, NY, USA.
Based on news reporting.
Citigroup CEO Jane Fraser has issued a memo to staff indicating that job cuts are on the horizon as part of a push to enhance performance standards within the company. While specific numbers of layoffs have not been disclosed, the memo emphasizes a shift in expectations, stating that employees are not graded on effort alone. The announcement reflects Citigroup's ongoing efforts to streamline operations and improve efficiency amidst a challenging economic landscape. Further details regarding the timing and scale of the layoffs are yet to be clarified.
Citigroup Inc. cut 5,000 jobs as of January 15, 2026.
That is roughly 2.2% 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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Estimated figure based on news reporting. Not yet confirmed by Citigroup Inc..
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