Citi Layoff 2024 Olympics. Citigroup plans to lay off 20,000 over three years due to increased technology spending and automation. Only a small proportion of the cuts will be a.
So citi is hoping that by offering some of its staffers a guaranteed portion of their annual bonus, they will voluntarily leave, thereby meaning citi can make less. Citigroup c 1.26% plans to eliminate some 20,000 jobs by the end of 2026, marking the next phase of the bank’s most dramatic restructuring plan in decades.