Citi Layoff 2024 Olympics. The reduction comes after the company reported a $1.8 billion net. Citigroup employees expect announcements about management changes and layoffs on monday in the next phase of the bank’s sweeping reorganization,.

Citigroup plans to cut 20,000 jobs over the next couple of years as part of a corporate reorganization designed to boost profits and return cash to shareholders, the. Citi began cutting hundreds of jobs across the company earlier this year, with the wall street giant’s investment banking division among those affected, bloomberg reported in.