NYSE:C 22 January 2026 - 28 January 2026

Citigroup Inc. shares open the week on news from Reuters that the bank plans another round of layoffs in March, following about 1,000 job cuts this month. These reductions, set to come after annual bonuses, will likely target managing directors and other senior staff. Citi has confirmed it will continue shrinking its workforce into 2026. “We have been reducing headcount and expect that trend to continue,” CFO Mark Mason said to analysts, noting the headcount dropped to 226,000 at the end of 2025 from 240,000 in 2022. The company also recorded $800 million in severance expenses last year.

Shares of Citigroup dropped 1.7% to $113.71 on Friday afternoon, sliding as low as $113.22 and ending the day down $1.95. The decline followed a Reuters report that the bank plans additional layoffs in March, after cutting about 1,000 jobs this month. The next wave is expected to target managing directors and other senior roles. CFO Mark Mason told analysts, “We have been reducing headcount and expect that trend to continue,” projecting the workforce will shrink to 226,000 by the end of 2025, down from 240,000 in 2022, following $800 million spent on severance last year.