Department affected: senior roles.
A specific layoff date has not been disclosed.
Based on news reporting.
Citigroup Inc. has announced plans for layoffs targeting senior roles, scheduled for March 2024. The decision reflects the company's ongoing restructuring efforts aimed at streamlining operations and reducing costs. While specific numbers of employees affected have not been disclosed, the layoffs are part of a broader strategy to enhance efficiency within the organization. This move comes amid a challenging economic environment and aims to position Citigroup for future growth. The exact locations of the layoffs have not been specified.
Citigroup Inc. cut 1,000 jobs affecting its senior roles team.
That is roughly 0.4% 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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