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Citigroup Layoffs: Bank Cuts Jobs in Risk and Compliance Teams Amid Automation Push, Says Report

Summary by Latestly
Citigroup has implemented fresh workforce reductions across middle and back-office functions in the US, including risk management, regulatory reporting and compliance. The cuts affect employees in Tampa, O'Fallon and Florence as Citi accelerates automation, process redesign and offshoring to lower-cost global centres as part of its multi-year transformation strategy. Citigroup Layoffs: Bank Cuts Jobs in Risk and Compliance Teams Amid Automation …

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Citigroup Layoffs: Bank Cuts Jobs in Risk and Compliance Teams Amid Automation Push, Says Report

Citigroup has implemented fresh workforce reductions across middle and back-office functions in the US, including risk management, regulatory reporting and compliance. The cuts affect employees in Tampa, O'Fallon and Florence as Citi accelerates automation, process redesign and offshoring to lower-cost global centres as part of its multi-year transformation strategy. Citigroup Layoffs: Bank Cuts Jobs in Risk and Compliance Teams Amid Automation …

·Mumbai, India
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Latestly broke the news in Mumbai, India on Thursday, October 1, 2026.
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