Citi Layoff 2025. Citi Major Layoff Begins Blind The long-anticipated Citi job cuts 2025 are still in motion, with around 10,000 layoffs yet to be executed. Citigroup's layoffs arrive as the bank tries to reduce expenses
Citi Layoffs 2025 India Erika Kameko from dodyhjkalexina.pages.dev
has announced plans to reserve $600 million for severance payments in 2025 as part of its ongoing workforce reduction and cost-cutting measures Citi had originally planned to cut 20,000 positions, with roughly half already eliminated last year under the "Project Bora Bora" initiative.
Citi Layoffs 2025 India Erika Kameko
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. However, there's more to this story than just numbers. Citigroup's CEO Jane Fraser stated in January 2024 that the bank plans to eliminate 20,000 jobs by 2026 to save $2.5 billion
Citi layoffs hit 20,000 as the bank spends big on tech. Citi always planned to make 20,000 layoffs and only around half of them were. The long-anticipated Citi job cuts 2025 are still in motion, with around 10,000 layoffs yet to be executed.
40+ Impactful Layoff Statistics for Surviving Job Market Dynamics in 2025. Morning Coffee: If you thought Citi was done cutting jobs, you were wrong. Thanks for sharing! NEW YORK - Citigroup eliminated more jobs this week after going through an overhaul last year, as part of a sweeping reorganisation under.