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The layoff reports have followed us into 2026 as Citigroup announces job cuts to meet its restructuring goals.
Shares of the global megabank have outperformed over the past three years, but the bar is raised.
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Is Citigroup Stock a Buy Now?
Citigroup's huge rally has closed the valuation gap with its peers.
Citigroup stock now trades in line with money center banks and looks priced for perfection as forecasts stay aggressive. Click for this C earnings preview.
Citigroup axes 1,000 roles this week under its 20,000-job restructuring, while BlackRock trims 250 staff, as tech and finance layoffs collide in a brutal start to 2026.
Jan 12 (Reuters) - Citigroup is set to cut about 1,000 jobs this week, a source familiar with the matter told Reuters on Monday, as part of a plan announced two years ago to reduce the workforce by 20,000 by the end of this year.