Citi Layoff 2024 June. 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. The staff cuts encompass 363.
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. Announced plans in june for a $4.1 billion expansion that is expected to create 1,000 jobs in johnston county.