Citizens Financial Group Plans to Cut Workforce by 6%

Citizens Financial Group, Inc. has announced plans to reduce its workforce by 6%. This decision reflects the company's ongoing efforts to streamline operations and adapt to changing market conditions. While specific details regarding the number of employees affected and the timeline for these layoffs have not been disclosed, the company is taking proactive measures to ensure its long-term viability. The announcement comes amid broader industry trends affecting financial institutions, highlighting the need for efficiency in a competitive landscape.