HomeBusinessCitigroup on the path of layoffs, they will lay off 20,000 workers...

Citigroup on the path of layoffs, they will lay off 20,000 workers in two years IG News

Puber Pen, web desk: Citigroup will lay off 20,000 workers over the next two years following financial losses. The company announced the layoffs on Friday after facing a $1.8 billion loss. Currently, the company has 2 lakh 39 thousand employees worldwide. This number will decrease. 20,000 workers will be laid off, said the company’s CFO Mark Mason. He said another 40,000 layoffs would follow when his Mexican consumer unit Banamex floated an initial public offering. Banamex will seek to retain 180,000 employees due to workforce reductions.

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