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Citi lays off 10 research staff in Asia Pacific as part of global revamp, sources say
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Citi lays off 10 research staff in Asia Pacific as part of global revamp, sources say
Mar 27, 2024 12:58 AM

HONG KONG, March 27 (Reuters) - Citigroup Inc ( C/PN ) has

laid off at least 10 people in its equities research department

in Asia Pacific this week, two sources with knowledge of the

matter said, as the bank pushes through the last phase of a

sweeping global overhaul.

The bank, which has hundreds of employees in its equities

research unit in the region, notified the impacted staff earlier

this week, said the sources, who declined to be named as they

were not authorised to speak to the media.

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