Citi Layoff 2024 August. Citigroup said it would be laying off 430 employees across multiple departments in new york due to “ economic ” reasons, according to four separate warn notices filed with the state. 9:30 am pdt · october 8, 2024.

Citi announced plans to cut management layers from 13 to eight as part of its biggest overhaul in decades. Banking giants continued to shed employees in the first quarter, with citigroup (c.n) seeing the biggest drop.