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Citi to lay off 363 workers in New York

Apr 1, 2024 9:43 AM

(Reuters) -Citigroup ( C/PN ) said on Monday its primary banking unit Citibank will lay off 363 employees in New York.

The bank said last week it was in the last phase of a sweeping overhaul aimed at simplifying its structure and reducing management layers.

Citi has set a broader goal to trim its global workforce of 239,000 by 20,000 over the next two years.

(Reporting by Niket Nishant in Bengaluru; Editing by Anil D'Silva)

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