By Tatiana ⁠Bautzer and Lananh NguyenNEW YORK, - Citigroup is expected to lay off more employees in March following a round of about 1,000 job cuts this month, according to two sources with knowledge of the matter. Some senior managers have already been reassigned to different divisions to secure roles before headcount is reduced, the source said.The cuts this month also affected many senior employees, the second source said. The sources declined to be identified discussing personnel matters.In a statement, Citigroup said the bank will continue to reduce ‌headcount in 2026. "Chief Financial Officer Mark Mason said during an earnings call Citi's workforce shrank from 240,000 in 2022 to 226,000 employees by the end of last year. The bank bought back $13.25 billion in stock last year, and its shares are down 0.8% so far this year.

Source: Economic Times January 24, 2026 09:44 UTC