Citi Layoff 2024 June. C) layoffs are the talk of wall street today after the investment bank announced that it will cut 20,000 roles, or 10% of its workforce, in a bid. Citigroup is in the last phase of a sweeping overhaul to simplify its structure and improve performance, the bank said, after shrinking its workforce by 5,000 employees since september.
Citigroup will lay off 430 employees across different divisions in new york, the bank disclosed in filings with the state department of labor on monday. The cuts follow a smaller round of job reductions.