08:24 AM EDT, 04/02/2024 (MT Newswires) -- Citigroup ( C ) will lay off in June a total of 430 workers in its US retail banking, investment banking and technology teams, regulatory filings on Monday showed.

According to the filings with the US Department of Labor, the layoffs will take effect on June 29, with 363 employees affected at Citibank and 62 at Citigroup Global. The rest will be from the technology and insurance teams.

Several senior bankers as well as junior roles are affected by the job cuts, a Bloomberg News report said, citing people familiar with the matter. Other affected roles were those in equity capital markets, debt capital markets, financial sponsor coverage and clean technology banking, the report said.

Citi said in a statement last week that it had concluded "major actions" for its broader restructuring effort.

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