Citigroup to Cut 1,000 Jobs This Week in Ongoing Global Restructuring

Citigroup plans to cut about 1,000 jobs this week as part of a broader strategy to reduce its global workforce by 20,000 roles by the end of 2026. CEO Jane Fraser aims to streamline operations, control costs, and enhance profitability amid ongoing global economic challenges. The reductions will focus on corporate, technology, and support positions, aligning staffing with current business needs rather than short-term financial pressures.