Citi Bank Layoffs 2025. Citigroup began making an extensive round of layoffs and organizational changes, part of chief executive jane fraser’s efforts to streamline the bank. Citibank is the consumer division of financial services multinational citigroup.

Citigroup to cut 20,000 jobs, take up to $1 billion charge as ceo jane fraser vows ‘2024 will be a turning point’ Chief financial officer mark mason said the bank expected to employ about 180,000 people by 2025 or 2026, compared with about 240,000 at the start of 2023.