Citi Layoff 2024

Citi Layoff 2024. Trimmed headcount by another 2,000 jobs in the third quarter, bringing the firm’s total severance charges for the year to $650 million. There’s a changing of the guard happening in citigroup’s wealth management division.

Citigroup is planning to lay off 20,000 employees, or about 10% of its workforce, in the next two years as it comes off its worst quarterly financial results in more than a decade. One expert says the amount of financial aid is likely set relatively low as the government tends to take a gradual approach to social support policies.