Citigroup Plans Major UK Job Cuts in Ongoing Global Reorganization

Citigroup has warned UK-based employees that job cuts are likely as part of a major reorganization. Hundreds of roles could be affected.
The bank is moving into phase 2 of plans to streamline its structure, which will involve a consultation process for employee feedback.
Employees may be placed at risk of redundancy as a result of the reviews. The number of roles to be cut has not been specified.
CEO Jane Fraser said Citi will remove a layer of management and cut jobs as part of its biggest reorganization in nearly 20 years.
The changes aim to give Citi more direct control over units, boost profit and share price. Support staff in compliance, risk management, and technology are among those at risk.

Citigroup has warned UK-based employees that job cuts are likely as part of a major reorganization. Hundreds of roles could be affected.
The bank is moving into phase 2 of plans to streamline its structure, which will involve a consultation process for employee feedback.
Employees may be placed at risk of redundancy as a result of the reviews. The number of roles to be cut has not been specified.
CEO Jane Fraser said Citi will remove a layer of management and cut jobs as part of its biggest reorganization in nearly 20 years.
The changes aim to give Citi more direct control over units, boost profit and share price. Support staff in compliance, risk management, and technology are among those at risk.