Home Business Citigroup Announces Massive Workforce Reduction with 20,000 Job Cuts

Citigroup Announces Massive Workforce Reduction with 20,000 Job Cuts

by Sonia Park
0 comment
Citigroup Announces Massive Workforce Reduction with 20,000 Job Cuts

In a significant move that reverberates through the financial sector, Citigroup, headquartered in New York City, has announced plans to implement a massive workforce reduction, slashing 20,000 jobs over the next two years.

Liz Warner reports.

This strategic decision comes as Citigroup aims to streamline its operations, adapt to changing market dynamics, and enhance overall efficiency. The job cuts represent a substantial portion of the bank's workforce, signaling a comprehensive restructuring initiative.

The financial giant has not provided detailed information on which specific departments or regions will be most affected by the layoffs. However, the scale of the. . .

You have exceeded the number of free content views. To continue viewing exclusive JudgeNap content,  you'll need a subscription. Please choose your subscription plan here.

Already a member?  Login here.

You may also like

Our Company

Judge Andrew P. Napolitano – Judging Freedom – JudgeNap.com

Newsletter

Subscribe to the Judging Freedom Newsletter and stay updated!

Laest News

@2023 – All Right Reserved. Designed and Developed by:

 Christopher Leonard – OMG Media Partners, LLC.

Adblock Detected

Please support us by disabling your AdBlocker extension from your browsers for our website.