Citigroup to cut 20,000 employees
Citigroup is set to undergo a significant workforce reduction, with CFO Mark Mason announcing on Friday that 20,000 employees will be laid off over the next two years. This decision follows the company’s report of a $1.8 billion net loss for the fourth quarter of 2023, marking its worst quarter in 15 years. The bank anticipates that the reduction in headcount will result in long-term … Continue reading Citigroup to cut 20,000 employees
