Citi Layoff 2024 Election. Citigroup on friday said it was slashing 20,000 jobs or about 10% of its workforce, part of ceo jane fraser’s revamp of the bank which has lagged behind peers and posted “ disappointing ”. Citigroup will lay off 20,000 employees over the next two years, cfo mark mason said friday.

Said it will eliminate 20,000 roles in a move that will save it as much as $2.5 billion as part of chief executive officer jane fraser’s quest to boost the wall street. The reductions are part of a sweeping reorganisation announced.