- Citigroup plans to cut about 1,000 jobs this week, part of a plan announced two years ago to eliminate 20,000 jobs by the end of 2026, Bloomberg reported, citing people familiar with the matter.
- Citi had 227,000 employees at the end of September, according to the report.
- The cuts are part of Chief Executive Jane Fraser's focus on keeping down cost and boosting returns, the report said.
- Citi said in a statement it will continue to reduce its headcount this year to align with current business needs as well as efficiencies gained through technology and progress against its transformation work, according to the report.
Full article at https://www.bloomberg.com/news/articles/2026-01-12/citi-to-cut-about-1-000-jobs-this-week-as-fraser-trims-costs
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
01-12-26 1628ET
