Citigroup Inc. Plans March Layoffs, Targeting 180,000 Employees
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 23 2026
0mins
Should l Buy C?
Source: Benzinga
- Layoff Plans: Citigroup is preparing for another round of layoffs in March, primarily affecting managing directors and senior employees, as part of a long-term plan to eliminate 20,000 roles by the end of 2026, announced two years ago.
- Employee Count Changes: As of the end of September, Citigroup had approximately 227,000 employees, with a target reduction to about 180,000, reflecting the bank's ongoing efforts to streamline operations and enhance efficiency.
- Technology-Driven Transformation: CEO Jane Fraser noted in an internal memo that automation and AI will reshape the workforce, leading to some roles being eliminated, others changing, and new roles emerging, indicating a shift in operational strategy.
- Financial Performance: In its latest earnings report, Citigroup reported adjusted earnings per share of $1.81, beating expectations of $1.68, but revenue of $19.87 billion fell short of the $20.53 billion forecast, with net income down 13% year-over-year largely due to a $1.1 billion after-tax loss related to its exit from Russia.
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Analyst Views on C
Wall Street analysts forecast C stock price to rise
18 Analyst Rating
15 Buy
3 Hold
0 Sell
Strong Buy
Current: 115.300
Low
87.00
Averages
131.00
High
150.00
Current: 115.300
Low
87.00
Averages
131.00
High
150.00
About C
Citigroup Inc. is a global diversified financial services holding company. The Company’s segments include Services, Markets, Banking, Wealth and U.S. Personal Banking (USPB). The Services segment includes Treasury and Trade Solutions (TTS) and securities services. TTS provides an integrated suite of tailored cash management, trade and working capital solutions to multinational corporations, financial institutions and public sector organizations. The Markets segment provides corporate, institutional and public sector clients around the world with a full range of sales and trading services across equities, foreign exchange, rates, spread products and commodities. The Banking segment includes investment banking, which supports client capital-raising needs to help strengthen and grow their businesses. The Wealth segment includes Private Bank, Wealth at Work and Citigold and provides financial services to a range of client segments. USPB segment includes branded cards and retail services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Technological Breakthrough: Google's TurboQuant algorithm, which can reduce memory usage by at least 6x and achieve up to 8x speedup, is expected to alleviate the demand for memory chips, potentially improving Arista's cost structure and enhancing its market outlook.
- Strong Financial Performance: Arista reported record quarterly revenue of $2.49 billion in Q4, a 29% year-over-year increase, and raised its 2026 revenue outlook to $11.25 billion, demonstrating resilience amid challenges and attracting investor interest due to its growth potential.
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