Citi Layoff 2024au. Citigroup plans to cut 20,000 jobs over the next couple of years as part of a corporate reorganization designed to boost profits and return cash to shareholders, the us bank said friday. 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.
On friday she disclosed how deep those cuts will go. Some citigroup employees who are being laid off this week in new york, part of one of the biggest job reductions at a bank since the financial crisis, are expected to be paid salaries through.