Citigroup Inc. (C) is expected to eliminate roughly 1,000 positions this week, reports quoting people familiar with the matter said.
The move is said to be part of a workforce reduction plan the bank announced two years ago, under which it aims to cut 20,000 jobs by the end of 2026.
The New York-based lender employed approximately 229,000 full-time staff as of December 31, 2024, according to its most recent annual report.
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.