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Citi shed 2,000 positions in Q3, but tech hires offset them

October 16, 2023

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Citi cut another 2,000 jobs in the third quarter, CFO Mark Mason told analysts Friday during a third-quarter earnings call, according to Bloomberg. That means the bank has trimmed roughly 7,000 roles so far this year — and the figure largely doesn’t include downsizing related to the reorganization Citi announced last month, Mason said. (Positions cut in September were largely contained to the top two layers of management at the bank.)

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