Citi has announced a third wave of layoffs in New York City this year, adding to earlier cuts that have already reduced the bank’s workforce there by a significant margin. The latest round targets roles across multiple departments, as the investment bank continues to streamline operations amid a broader industry shift toward automation and cost containment. Employees affected will receive severance packages, but the move underscores Citi’s ongoing effort to rebalance its talent pool and focus on higher‑growth areas. The decision follows two previous round of job reductions earlier in the year, signaling a sustained push to tighten spending and improve profitability.
Citi already made three rounds of job cuts in New York City this year eFinancialCareers
