How many jobs did Citigroup lose in 2022?

November 8, 2022, 9:06 AM PST Updated on November 8, 2022, 9:51 AM PST Citigroup Inc. eliminated dozens of jobs across its investment banking division this week, as a dealmaking slump continues to weigh on Wall Street’s biggest banks.

What's happening with Fintech layoffs?

The round of layoffs from major fintech businesses continues as Curve and Gemini also announce job cuts, while Citi plans on hiring 4,000 new people. The round of layoffs from major fintech businesses continues as Curve and Gemini also announce job cuts, while Citi plans on hiring 4,000 new people.

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.

Is 2023 a good year for layoffs?

The year 2022 was a benchmark for layoffs, but 2023 is far worse as companies across industries are eliminating positions, resulting in mass layoffs. Citigroup is the latest to join the bandwagon as it plans to lay off less than 1 per cent of its workforce, barring its remediation team working on a consent order, news agency Reuters reported.