Citigroup (C) Seeks 286 Job Cuts of New York-Based Employees

Citigroup Inc. (C) will lay off 286 New York City-based employees, according to three notices that the company filed with the State Labor Department.The workforce reduction is set to take effect before May 3. It will comprise 239 employees in the primary banking unit, 44 in the global markets broker-dealer units and three in a technology unit, according to the Worker Adjustment and Retraining Notifications.This is in line with the company’s plans to shed 20,000 positions by 2026, as it continues its largest ...