Citigroup announced it will lay off hundreds of employees in New York, with initial reports indicating 363 workers to be affected, according to a warn notice. Subsequent updates revealed the number has risen to 430 employees across various divisions. This move is part of a broader round of job reductions within its U.S. investment bank, impacting sectors including technology, media, telecom, equity, and debt capital markets. Additionally, Citigroup is facing legal challenges, as it has requested a judge to dismiss a lawsuit filed by the State of New York over online consumer protections, which it deems a 'misguided attempt' by Attorney General Letitia James to rewrite federal law. In a separate development, Citigroup downgraded U.S. Tech Stocks and stated that the stock market rally is set to broaden.
⚠️ CITIGROUP URGES DISMISSAL OF 'MISGUIDED' NEW YORK LAWSUIT OVER FRAUD SCAMS Full Story → https://t.co/EQ2q7GmYTb https://t.co/scqY1LRN0E
Citigroup asked a judge to throw out a suit by the State of New York over online protections for consumers, arguing the case was a “misguided attempt” by Attorney General Letitia James to rewrite federal law. https://t.co/O7WjRbMdCB
CITIGROUP INC. EXECUTES ANOTHER ROUND OF JOB REDUCTIONS IN ITS US INVESTMENT BANK, AFFECTING VARIOUS SECTORS INCLUDING TECHNOLOGY, MEDIA, TELECOM, EQUITY, AND DEBT CAPITAL MARKETS.
Citi to lay off 430 employees in New York across units https://t.co/qSsTmLZGuq https://t.co/VKKDyaVAN6
Citi to lay off 430 employees in New York across different divisions https://t.co/2fuKBGykRz https://t.co/prgRgUBsRF
Citi energy clients: We’ll have more urgency on this when Citi moves its HQ & all personnel out of NYC to avoid climate-related flooding, & confirms all Citi execs have sold all personal properties in Florida & other low-lying regions, & has stopped all lending in said regions. https://t.co/tjkkqs8Noq
Citi to lay off 363 workers in New York https://t.co/fsuvHR6zvY https://t.co/QkMb9fvjfm
⚠️ CITI TO LAY OFF 363 WORKERS IN NEW YORK Full Story → https://t.co/v6oOUiuCtX Citigroup said on Monday its primary banking unit Citibank will lay off 363 employees in New York. https://t.co/g1Vv8BJevz
CITIBANK, N.A TO LAYOFF 363 WORKERS - WARN NOTICE
Citigroup downgrades U.S. Tech Stocks and says the stock market rally is set to broaden https://t.co/6bE4P66ygT