How many employees does Citigroup have?

The hedge fund that won by sharing the wealth It’s sometimes easy to forget exactly how big an investment bank Citigroup is; as of its last annual report there were nearly 75,000 employees in its Institutional Clients Group. That’s almost as many people as the entire workforce of Morgan Stanley, and significantly more than Goldman Sachs.

How will Citigroup's layoffs affect its workforce?

It’s also worth noting that the Citigroup layoffs are relatively small-scale. According to Bloomberg, the company has a global workforce of 240,000, less than 1% of whom will be impacted by the job cuts. That means less than 2,400 workers will lose their jobs. As the outlet notes:

What happened to Citigroup?

New York-based Citigroup let go of roughly 50 trading personnel this week, according to people with knowledge of the moves who declined to be identified speaking about layoffs. The firm also cut dozens of banking roles amid a slump in deal-making activity, Bloomberg reported Tuesday.

Who wears a Citigroup jacket in New York?

A trader, center, wears a Citigroup jacket while working on the floor of the New York Stock Exchange (NYSE) in New York. Global investment banks Citigroup and Barclays cut advisory and trading personnel this week as Wall Street grapples with sharp declines in revenue and dimming prospects for next year.