Citigroup Plans 20,000 Job Cuts Starting March 2026
SOURCENews reportView the filing ↗
What we know
Based on news reporting.
Summary
Citigroup Inc. has announced that it will be implementing layoffs in March 2023, although specific details regarding the number of employees affected or the departments involved have not been disclosed. The decision comes amid ongoing efforts to streamline operations and manage costs effectively. The company is expected to provide more information as the date approaches. This move reflects broader trends in the financial sector as firms adjust to changing market conditions and economic pressures. Investors are closely monitoring these developments, particularly in relation to Citigroup's stock performance and dividend commitments.
Citibank cut 20,000 jobs as of March 1, 2026.
That is roughly 9.5% of the 210,000 people Citibank employs.
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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