Citi Layoff 2024au

Citi Layoff 2024au. Citi said in january that it plans to cut 5,000 jobs from the managerial delayering, 5,000 from selling businesses, and 10,000 from cutting headcount in support. Jpmorgan chase, bank of america, and citigroup all saw profits drop.

The layoffs were part of a broader goal to reduce citi’s staffing by 20,000 over the next two years. Citigroup will lay off 20,000 employees over the next two years, cfo mark mason said friday.