3/04/2024

Citigroup to Lay Off 286 Employees in New York:

 The planned cull was revealed in State Dept of Labor filings, at a time the bank is carrying out its biggest overhaul in decades.

Citigroup announced in January plans to cut 20k jobs over the next two years, while acknowledging a "clearly disappointing" quarter marred by one-off charges that resulted in a $1.8bn loss.

https://www.reuters.com/business/citigroup-layoff-286-employees-new-york-filing-shows-2024-02-29/

The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City

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