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Citigroup had roughly 200,000 workers at the end of 2023, ... Citigroup said the 20,000 job cuts could be “slightly lower” if it chooses to use internal resources rather than outsource functions.
Citigroup to cut 20,000 employees ... costs associated with about 7000 layoffs in 2023. These layoffs are part of Citi CEO Jane Fraser’s years-long effort to cut red tape at the company and ...
Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges. "The fourth quarter was very ...
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company based in New York City. The company was formed in 1998 by the merger of Citicorp, the bank holding company for Citibank , and Travelers ; Travelers was spun off from the company in 2002.
Citigroup's cuts punctuate a tough year for Wall Street and the rest of the banking industry. Big banks with large trading and investment banking operations have been struggling throughout 2023 to ...
Citigroup axes more jobs as part of ongoing cost-cutting plan Updated January 16, 2025 at 4:19 PM FILE PHOTO: Customers use ATMs at Citibank branch in New York City
That would leave Citigroup with 180,000 workers, which would likely make it the smallest of the big four banks in the US and reduce the overall size of its workforce by 25%. It ended 2023 with ...
November 7, 2023 at 4:55 AM. ... Fraser said there was “a clear-cut case for change at Citi.” ... The number of jobs that would be cut was not specified at the time.