Citigroup Layoffs 2025 Calendar. Citi Layoffs 2025 Reddit Christopher Robertson The layoffs are part of the bank's broader goal to reduce expenses by eliminating 20,000 jobs by 2026. has announced plans to reserve $600 million for severance payments in 2025 as part of its ongoing workforce reduction and cost-cutting measures
Citigroup employees expecting management reshuffle, layoffs sources from nypost.com
1 Citi Group Cuts 20,000 Jobs - What is Citi's Plan for Job Reductions: The figure, disclosed by Chief Financial Officer Mark Mason, represents a 14% decrease from the previous year, when the bank spent $700 million on severance costs after laying off more than 10,000 employees.
This means that the Citi layoffs will be spread across multiple departments and executed in various phases Citi had originally planned to cut 20,000 positions, with roughly half already eliminated last year under the "Project Bora Bora" initiative. / Citibank / Citi See full discussion thread at TheLayoff.com
Citigroup Layoffs 24,000 Jobs. The Kickoff to the Great Recession. And. Citi's stock surged 37% in 2024, outperforming the broader banking index , opens new tab and the equity markets , opens new tab, as investors cheered Fraser's efforts to transform the bank. CFO Mark Mason confirmed in a recent earnings call that the company.
Citigroup Layoffs 2023 Citigroup's Workforce Restructuring Targets. Citi had originally planned to cut 20,000 positions, with roughly half already eliminated last year under the "Project Bora Bora" initiative. Citi group layoffs 2025 have sent shockwaves across the financial industry, as Citi group cuts 20000 jobs in a major restructuring effort.