Citigroup on Jan. 12 said it would slash 20,000 jobs, or 10 percent of its workforce, by the end of 2026 following its worst quarterly financial results in more than a decade.
Citi reported $1.8 billion net loss in the fourth quarter of 2023, according to its latest financial filings. The bank expects the layoff to save as much as $2.5 billion over the long term.
