Citigroup employees brace for layoffs, management overhaul -sources

By Saeed Azhar, Isla Binnie and Tatiana Bautzer

NEW YORK (Reuters) – Citigroup employees expect the bank to announce layoffs and senior management changes on Monday as part of its biggest reorganization in decades, according to five sources with knowledge of the matter.

The job cuts could affect thousands of staff, according to a source familiar with the situation who was not authorized to speak publicly. Executives are also likely to announce senior management changes by email, the source…