Citigroup stock braces for Monday after March layoff plans surface and a $2.5B debt payoff date looms
Citigroup plans another round of layoffs in March, targeting senior staff after cutting about 1,000 jobs this month. Shares closed at $113.59, down 1.8%. The bank will redeem $2.5 billion in notes on January 28. Citi’s headcount fell to 226,000 at the end of 2025, with $800 million in severance expenses last year.