Citigroup laying off 430 employees across technology, media, and telecom division

US Fintech company Citigroup is giving pinkslip to less than 1 employees across technology, media, and telecom division due to financial crunch and may undergo reorganization. Citigroup laying off around less than 1% of their work force with various job titles across technology, media, and telecom department in US with business restructuring to get its business back on track.

Citigroup found in 1812 has speciality in Banking, Commercial Banking, Investment Banking, Wealth Management, Credit Cards, Capital Markets, Equity and Fixed Income Research, Consumer Lending, Cash Management, and Transaction Services running by current CEO Jane Fraser. Citi’s mission is to serve as a trusted partner to their clients by responsibly providing financial services that enable growth and economic progress. Their core activities are safeguarding assets, lending money, making payments and accessing the capital markets on behalf of their clients.

There was no official communication to us from Citigroup but you can always refer Citigroup internal gossips and layoff news on our Citigroup discussion board.

As per company spokeperson to media, Citigroup Inc has initiated another wave of job reductions in its US investment banking division as part of its ongoing restructuring endeavors. Specifically, documents filed with the New York State Department of Labour on April 1 indicate that the company intends to terminate 430 employees. .

Citigroup Layoff Details in Brief

less than 1 Citigroup employees were laid off over the phone call/email without putting them into PIP (performance improvement plan), as per various media houses. This layoffs at Citigroup surely have a deep impact on the affected employees across technology, media, and telecom division. The main concerns about job security and employability, Citigroup employee may find themselves struggling with uncertainty and anxiety. However, it is important to note that layoffs are often a reflection of broader market forces rather than individual performance and we layoffnewz team wishes that all laid off employee will get alternative jobs soon.

You can connect with Citigroup Official website for more details about this layoff.

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