Thread regarding Citigroup Inc. / Citibank / Citi layoffs

Another Layoff Article on Citi

Citigroup Plans March Layoffs for Senior Staff

https://www.benzinga.com/markets/large-cap/26/01/50108593/citigroup-plans-fresh-march-layoffs-targeting-senior-roles

Citigroup is preparing for another round of employee layoffs expected in March. These reductions will primarily affect managing directors and other senior employees. This is part of a larger plan to eliminate 20,000 roles by the end of 2026. CEO Jane Fraser noted automation and AI will reshape the bank's workforce. The company aims to simplify operations and boost productivity.

#AI #Automation #CEO #Layoff #Layoffs
by Anonymous
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Comment! It's anonymous!

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There will be another round in June, too. Wonder when that information will get leaked to the media.

by Anonymous
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@av buybacks, dividends and bonuses for Directors up. Got to cut somewhere for all that.

by Anonymous
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Post ID: @bh+1kfp9d8c1

Citigroup Schedules March Layoffs for Efficiency Drive

https://www.gurufocus.com/news/8547352/citigroup-plans-further-layoffs-amid-costcutting-strategy?mobile=true

Citigroup expects to implement more job cuts in March. The company recently cut around 1,000 positions. This is part of CEO Jane Fraser's ongoing efficiency plan. Senior managers and directors could face impacts. Its total workforce has already shrunk significantly since 2022.

by Anonymous
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