Citigroup Inc (NYSE: C) is reportedly considering job cuts, with insider sources indicating that support personnel in compliance and risk management are particularly vulnerable.
Moreover, there's potential for layoffs among technology staff members whose responsibilities overlap.
According to the sources, Citi's managers are currently in discussions with employees regarding potential layoffs.
Individual meetings concerning departures have also commenced, Reuters noted, citing one of the sources.
These discussions follow the recent announcement by the third-largest U.S. bank that it will streamline its management