Citigroup Announces Plan To Trim 20,000 Jobs Over Next Two Years
By 2026, Citigroups employee count is expected to be around 180,000, down from 240,000 in 2022.
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By 2026, Citigroups employee count is expected to be around 180,000, down from 240,000 in 2022.
Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.
Citigroup is likely to cut jobs in 2024 as part of Chief Executive Officer Jane Fraser's bid to boost the Wall Street giant's returns, as per a report. Citigroup Layoffs: US Banking Giant Announces Job Cuts As It Sees Worst Quarter in 15 Years, Says Report.
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