Citigroup Layoffs 2024: What to Know About the Latest C Job Cuts

Citigroup (NYSE:C) layoffs are the talk of Wall Street today after the investment bank announced that it will cut 20,000 roles, or 10% of its workforce, in a bid to save as much as $2.5 billion amid slowed revenue. So, what do you need to know about C job cuts lately?The move comes as Chief Executive Jane Fraser’s latest cost-cutting scheme. Indeed, after a disappointing fourth quarter in which Citigroup’s fixed-income traders endured their worst slump in five years, the firm is attempting to regain its foo ...