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CITIGROUP WORKFORCE REDUCTION
Citigroup plans another round of layoffs after 1,000 jobs cut: Here's when will it happen, who's at risk and what employees need to know- Why are Amazon, Intel, Microsoft and 17 others cutting 165,000 jobs now? A massive structural shift is hitting the U.S. corporate workforce in 2026
- Citigroup set to cut 1,000 jobs this week as CEO pushes 20,000-role global overhaul — is Jane Fraser’s restructuring strategy aimed at lifting Citi earnings?
- Citi to cut 3,500 technology jobs in China as part of global revampThe reduction of staff at the China Citi Solution Centres in Shanghai and Dalian is expected to be completed by the start of the fourth qua...05 Jun, 2025, 10.00 AM IST
- Citigroup slashes promotions as it seeks to overhaul bank, FT reportsCitigroup is drastically reducing year-end promotions, impacting around 2,000 employees compared to approximately 8,000 in previous years, ...26 Nov, 2024, 11.32 AM IST
- Citigroup cuts over 300 senior managerial rolesThe company started announcing the cuts - which affect those staffers two levels below Fraser's executive management team - on Monday, acco...20 Nov, 2023, 11.29 PM IST
- Global capability centres go on hiring spree, set to outshine IT companiesGlobal capability centres (GCCs) of multinational companies are set to hire more employees this year in India. Workspace and HR solutions p...25 Jul, 2023, 11.28 AM IST
- Tech firms, Wall Street lead job cuts in Corporate AmericaInterest rate hikes by global central banks to tame stubborn inflation have weighed on consumer and corporate spending, affecting the outlo...14 Mar, 2023, 08.16 PM IST
- Tech firms, Wall Street lead job cuts in corporate AmericaRapid interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms such as Amazon, Walt Disney, Facebook-o...26 Jan, 2023, 10.12 AM IST
- U.S banks warn of recession as inflation hurts consumers; shares fallThe U.S. central bank last month raised rates by 75 basis points during its fourth consecutive meeting to 3.75%-4%, but it also signaled ho...07 Dec, 2022, 08.05 AM IST
- With Polaris, Virtusa can pursue larger, deeper engagements: Kris Canekeratne, Virtusa CEOKris Canekeratne said that together they are a fairly large and formidable player in financial services, with BFS revenues north of $470 mi...07 Nov, 2015, 12.28 PM IST
- Citigroup to cut 4,500 jobs to trim costs & deal with European crisisThe 4,500 job cuts amount to 1.7% of Citigroup's workforce on Sep 30 and would still leave the lender with the amount of staff it had at th...08 Dec, 2011, 05.29 AM IST
- Citigroup to axe 4,500 jobs in coming months: Vikram PanditCitigroup's Vikram Pandit has announced 4,500 jobs cuts worldwide in the coming months as the US financial major seeks to trim costs.07 Dec, 2011, 10.41 AM IST
- Reducing jobs is no answer to global crisis: MCAWith sectors like textiles fearing job cuts due to global financial crisis, the Ministry of Corporate Affairs said reducing workforce durin...27 Nov, 2008, 04.15 PM IST
- Bank of New York Mellon to cut 1,800 jobs worldwideThe Bank of New York Mellon Corporation has said it will slash 1,800 jobs, which accounts for nearly four per cent of the firm's global wor...21 Nov, 2008, 07.15 PM IST
- Citigroup sticks to Pandit’s line, plans more job cutsCitigroup may begin another round of job reductions as soon as this week as part of a plan to cut its trading and investment-banking workfo...24 Jun, 2008, 01.06 AM IST
- Citigroup posts $5.1 bn loss, to cut 9,000 jobsUS banking giant Citigroup reported Friday a 5.1 billion dollars net loss during the first quarter and said it would cut an additional 9,00...19 Apr, 2008, 02.16 AM IST
- Hindustan Unilever cuts 50 managerial jobsFaced with ‘surplus’ employees, FMCG major Hindustan Unilever (HUL) said it has cut about 50 managerial jobs.06 Feb, 2008, 02.01 PM IST
- Hindustan Unilever cuts 50 managerial jobsMonths after its parent Unilever announced 20,000 reduction in global workforce over the next four years, HUL says it has cut the jobs. Fir...04 Feb, 2008, 04.45 PM IST
- Foreign banks to hire over 50k in IndiaBanks such as Citigroup, HSBC & Standard Chartered could hire over 50k employees in India in the next 3-yrs.24 Apr, 2007, 11.42 AM IST
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