Citigroup Prepares for Another Round of Layoffs in March Amid Transformation Plan

• Citigroup is set to implement another round of layoffs in March 2026, following approximately 1,000 job cuts in January.
• The upcoming layoffs are expected to be announced after bonus payments, targeting managing directors and senior employees.
• CEO Jane Fraser is leading a major transformation plan to reduce costs, address regulatory issues, and boost profits.
• Some senior managers have already been reassigned to new divisions to secure their roles ahead of the staff reduction.
• Citigroup plans to continue reducing its workforce into 2026, with headcount already decreasing from 240,000 in 2022 to 226,000.

Why It Matters: Citigroup is continuing its workforce reduction and transformation efforts, with more layoffs planned for March 2026.