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MODERATEAI LAYOFF
Citigroup: 1,000 jobs cut
January 14, 2026USBankingCitigroup
Citigroup eliminated approximately 1,000 positions as part of CEO Jane Fraser's 'Transformation' program. Fraser noted automation and AI-enabled systems would allow running middle-office and operational functions with fewer employees. Part of broader plan to cut 20,000 jobs by 2026.
Conservative
0
Core Estimate
400
Upper Bound
700
Sources
PrimaryFortuneJanuary 14, 2026
Citigroup cuts 1,000 more jobs as CEO Fraser cites AI and automation in restructuring memo
Citigroup eliminated approximately 1,000 positions as part of CEO Jane Fraser's 'Transformation' program. Fraser noted automation and AI-enabled systems would allow running middle-office and operational functions with fewer employees. Part of broader plan to cut 20,000 jobs by 2026.