Citigroup is reportedly expected to cut further roles in March after after axing roughly 1,000 jobs earlier this month.

According to two sources at Reuters, the layoffs will likely be announced after bonuses are paid.

The sources did not specify the scale of the job cuts or which departments they would be tied to.

However, they did say that the lay offs will likely impact senior roles and managing directors.

They told Reuters that some senior managers have already been reassigned to different departments to secure their positions before the bank's planned job cuts.

"We will continue to reduce our headcount in 2026," said a Citi spokesperson. "These changes reflect adjustments we’re making to ensure our staffing levels, locations and expertise align with current business needs; efficiencies we have gained through technology; and progress against our Transformation work, which is nearing target state.

"We are grateful for the contributions these colleagues have made to Citi."

The move comes as the bank continues its broader focus on streamlining its structure and addressing regulatory failings which have led to significant fines in recent years.

According to Reuters, the bank's workforce was reduced from 240,000 in 2022 to 226,000 staff by the end of 2025.

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