Citibank recently disclosed over 300 layoffs at its Manhattan headquarters, part of broader ongoing job cuts at Citi.
In early 2024, Citi announced plans to cut 20,000 employees through 2026. Earlier this year, a Citi executive noted that the financial services giant is making headway on the goal.
The New York Department of Labor on Monday posted details on company filings showing over 550 permanent layoffs at Citibank's Manhattan corporate offices this year. Nearly 250 had been disclosed in a previously posted February filing, while over 300 were disclosed to regulators in April and posted to the website this week, according to Citi.
Dates for all the layoffs disclosed in the Worker Adjustment and Retraining Notification, or WARN, notices, range from April 14 to July 30, according to Citi.
"As we said previously, we will continue to reduce our headcount globally in 2026," a spokesperson told ThinkAdvisor by email Wednesday. "These changes reflect adjustments we're making to ensure our staffing levels, locations and expertise align with current business needs; efficiencies we have gained through technology; and progress against our transformation work, which is nearing Citi's target state. We are grateful for the contributions these colleagues have made to Citi."
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