Citigroup Plans Fresh March Layoffs Targeting Senior Roles - Citigroup (NYSE:C)

Citigroup Inc. (NYSE:C) is preparing for another round of employee layoffs expected in March, following approximately 1,000 job cuts executed earlier this month.The upcoming reductions are expected to primarily affect managing directors and other senior employees across business lines, according to a source cited by Reuters on Thursday, as the bank continues to streamline operations amid a broader restructuring effort.The latest cuts form part of a long-term plan announced two years ago to eliminate 20,000 ...