Citi Layoff 2024 May. 11,011 employees laid off — see all may 2024 tech layoffs; Franchise as senior partner, will become citi's head of technology and business enablement.
Citi is hoping the restructuring will revive its stock price, which has been the sector’s worst performer, and improve the bank’s lagging returns. The layoffs were part of a broader goal to reduce citi’s staffing by 20,000 over the next two years.