Citi is going to resume job cuts after a pause during the pandemic, according to reports from Bloomberg News and Financial Times citing a statement. The Citi job cuts will amount to less than 1% of its workforce, which totaled 204,000 at the end of June. Citi said its overall staff levels would be stable due to recent hiring.
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The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source. We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.