Citi Layoff 2024 Olympics. Citigroup employees expect announcements about management changes and layoffs on monday in the next phase of the bank’s sweeping reorganization,. Citigroup c 0.49% 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.

Citi to lay off 20,000 employees after posting $1.8bn loss. Citigroup announced on friday that it will cut 20,000 jobs after posting a $1.8 billion loss last.