Citi Layoff 2024 Lok. Citigroup plans to lay off 20,000 over three years due to increased. Jpmorgan chase, bank of america, and citigroup all saw profits drop in q4 thanks to higher interest.

The layoffs were part of a broader goal to reduce citi’s staffing by 20,000. Citi has pulled back from consumer banking in various parts of the world,.