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Citigroup sees headcount dropping 20,000 by 2026

Published 01/12/2024, 09:31 AM
Updated 01/12/2024, 09:36 AM
© Reuters. FILE PHOTO: Customers use ATMs at a Citibank branch in the Jackson Heights neighborhood of the Queens borough of New York City, U.S. October 11, 2020. REUTERS/Nick Zieminski/File Photo
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(Reuters) - Citigroup's Chief Financial Officer Mark Mason said on Friday the bank expects its headcount to be down roughly 20,000 by 2026.

The third-largest U.S. bank reported a $1.8 billion loss for the fourth quarter on charges related to refilling a government deposit insurance fund and other one-off costs.

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