Citigroup to ax 1,000 jobs this week as part of massive restructuring plan: report
Citigroup is set to cut about 1,000 jobs this week, a source familiar with the matter told Reuters on Monday, as part of a plan announced two years ago to reduce the workforce by 20,000 by the end of this year.The New York-based bank had about 229,000 full-time employees as of December 31, 2024, according to its latest annual report.The bank did not disclose the number of jobs to be cut, but said in a statement it would continue to reduce the headcount in 2026.Citigroup did not disclose the number of jobs t ...