Based on news reporting.
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.
Citigroup Inc. cut 20,000 jobs as of March 1, 2026.
That is roughly 8.7% 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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