The March layoffs are likely to mainly impact managing directors and senior employees across different parts of the bank, according to one of the sources. Some senior managers have already been moved to other divisions to keep their roles before the staff cuts begin, the agency report noted. The latest round of layoff which happened this month also affected several senior employees, the second source told Reuters. Bank to continue the wave of job cuts Citigroup said in a statement earlier this month that the bank will continue to reduce staff headcount in 2026. In 2023 and 2024 the company publicly announced major layoffs as it was reducing management layers and selling assets, but the latest headcount reductions are being done more discreetly, as per the agency report.

Source: Mint January 24, 2026 15:15 UTC