Citigroup

Summary

Citigroup is expected to announce another round of layoffs in March, following roughly 1,000 job cuts earlier this month, as part of CEO Jane Fraser’s ongoing turnaround plan. The upcoming cuts are likely to impact managing directors and other senior employees across business lines and are expected after bonuses are paid. Citi said the continued headcount reductions in 2026 reflect efforts to cut costs, address regulatory issues, leverage technology efficiencies, and align staffing with current business needs.