Citigroup Cutting 1,000 Jobs This Week: Wall Street Layoffs Intensify
New York — Citigroup is moving forward with significant workforce reductions this week, cutting approximately 1,000 jobs as part of CEO Jane Fraser's ambitious restructuring initiative. This marks another wave in a multi-year transformation program designed to eliminate up to 20,000 positions by the end of 2026, affecting roughly 8% of the bank's global workforce.

