Layoffs Watch '15: Citigroup Is Lightning Its Load By 2,000 Employees

The bank has reportedly been having some awkward conversations today.

The good news is anyone who's left their Christmas shopping until the last minute will have all of next week to get it done. The bad news is that you should probably ask the staff at Brookstone if they have any applications to fill out while you're at it.

Citigroup Inc. plans to cut at least 2,000 jobs starting next month as Chief Executive Officer Michael Corbat restructures some of the bank’s businesses...The reductions are part of a repositioning the firm announced this month and will occur across the New York-based lender’s global footprint, people familiar with the matter said. Citigroup, which had 239,000 workers at the end of September, has already held discussions with some affected employees, said one of the people, who declined to provide specifics on the businesses targeted.

Citigroup Plans at Least 2,000 Job Cuts Next Month [Bloomberg]