Citigroup plans to cut 20,000 jobs globally by 2026

US banking and financial services giant Citigroup is planning to lay off 20,000 of its workforce – roughly 8 per cent of its 239,000 global headcount by 2026, as part of a mega restructuring. While the job-cuts are one of the biggest, the actual reduction in jobs, including other restructuring initiatives, could vary from 60,000 to 180,000, according to Citigroup.