Based on news reporting.
Citigroup Inc. has announced plans to cut 60,000 jobs by the year 2026 as part of a strategic shift towards automation in the global banking sector. This decision reflects the company's response to evolving market demands and the need to streamline operations. The layoffs are part of a broader trend in the banking industry, where automation is increasingly redefining job roles and responsibilities. While specific locations and departments affected have not been disclosed, the scale of the cuts indicates a significant restructuring effort within the organization. The planned layoffs are expected to take place over the next few years, aligning with the company's long-term vision for operational efficiency.
Citigroup Inc. cut 60,000 jobs as of December 31, 2026.
That is roughly 26.2% 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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