On Friday, the company said it has laid off or provided layoff notifications to 7,000 employees, bringing it closer to its goal of reducing the staff by 20,000 by 2026. “As we notify individuals ...

Leaders in Citi's technology unit and its "crown jewel" services unit announced a raft of changes as key leaders step down.

Citi has also set a goal to trim its global workforce by 20,000 over the next two years. The lender did not immediately respond to a request for additional comment. The latest layoffs are ...

Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank’s clients, according to the report.

"The fourth quarter was very disappointing," Citi CEO Jane Fraser said in a statement, but she added that 2024 will be a "turning point" for the bank. The announcement of layoffs doesn’t come a ...

Citi (C)group CEO Jane Fraser told executives the bank will continue to allow most employees to work remotely at least two days a week, Stephen ...

AI and automation could eliminate 200,000 Wall Street jobs. Discover which roles are most at risk and how to future-proof your career.

Citigroup Inc. eliminated more jobs this week, just as executives were announcing new share buybacks and doubling down on Chief Executive Officer Jane Fraser’s commitment to expense reductions.

Like Citi, earlier this year ... announced a new round of layoffs, he referred to the need "to improve agility and accountability, establishing unambiguous ownership, and driving improving ...