Citigroup starts layoff talks after management overhaul -sources

By Tatiana Bautzer, Saeed Azhar and Lananh Nguyen

NEW YORK (Reuters) – As Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, according to sources familiar with the situation.

Technology staff working on overlapping functions are also at risk of being laid off, one of the people said.

Citi managers are already convening discussions with employees about potential layoffs, according to the sources, who…

Read More