Citibank Announces Layoffs Amid Restructuring Efforts
SOURCENews reportView the filing ↗
What we know
Location: New York, NY.
Based on news reporting.
Summary
Citibank has announced significant layoffs affecting approximately 3,000 employees as part of its ongoing restructuring efforts. The layoffs are set to take place in New York, NY, and are part of a broader strategy to streamline operations and reduce costs. This decision comes amid challenging market conditions and aims to enhance the bank's efficiency. The company has indicated that these layoffs are necessary to adapt to the evolving financial landscape and maintain competitiveness. Citibank's management has expressed a commitment to supporting affected employees during this transition.
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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