Laid off from Citi.

Previous rounds

Citi layoff history

If Citi cut your job, the number attached to your round probably reached you through a state filing rather than through the bank. Citi said when it announced the plan that it would eliminate 20,000 roles by the end of 2026, and as of January 2026 it still had several thousand to go. The company describes the reduction in aggregate, and nothing in the reporting we track breaks it down to who goes, from which desk, on what terms. That leaves the WARN notices and your own separation agreement as the two documents that actually describe what happened to you.

The filings carry more than the announcements did. Citi told investors in January 2024 to expect as much as $1 billion in severance and restructuring expenses, and its 2025 annual report puts the net restructuring charges at about $1.026 billion program to date, with the severance liability behind that program running from $687 million at the end of 2023 down to zero at the end of 2025. The same report counts about 226,000 full-time employees at December 31, 2025 against about 229,000 a year earlier. A 20,000-role target and a 3,000-person year measure different things, and the annual change in headcount can't tell you how many of the targeted departures happened.

One line in that note is worth reading twice if you were told your role was going. Citi revised the restructuring estimate downward and attributed the revision primarily to higher-than-anticipated redeployments of displaced employees to other positions inside the company, along with job function releveling and attrition. The filing puts no count on that, so there's no way to tell from it how many people landed somewhere else internally rather than outside. On what any one person walked away with, the record stops at aggregates. Mark Mason, then Citi's chief financial officer, told investors the bank would set aside about $600 million for severance, roughly double the $300 million it usually reserves, and no individual formula appears in the reporting we track.

Two states carry the 2026 record and they read differently. New York's came in a burst at one address, three notices for separate Citi entities at 388 Greenwich Street reaching the state labor department in March, 265 jobs between them, separations starting in mid-April. New Jersey's arrived as a drip across the year, 141 statewide, then 68 across Hudson and Bergen Counties, then 59 more in Hudson County posted in August with separations dated all the way out to October 31. By that August, Crain's New York Business put the New York total for the year at 900 jobs, about 5% of the bank's workforce in the state.

Which state you were filed in changes what you're owed before any negotiation starts, so it's the first thing worth checking on your notice. New Jersey requires employers of at least 100 people to give 90 days notice, and where a layoff, closing or relocation is one the law covers, to pay one week of severance for each year of service, a floor set by statute rather than by the employer and in effect since April 2023. New York sets no equivalent floor, and its labor department says state law doesn't require severance where no policy or agreement creates it, though notice obligations still apply at 50 or more full-time employees and a violation can cost an employer back pay for up to 60 days. Check which entity and which state appear on your paperwork, then measure what you were offered against your state's minimum. Our WARN filing tracker holds 36 all-time Citi filings, eight of them since the start of 2025, if you want to see where the company has been filing.

Reporting on previous Citi layoff rounds

• 2026 · Two states on the record. In New York, three notices covering Citi entities at 388 Greenwich Street reached the state labor department in March, listing 248 jobs at Citibank N.A., 16 at Citigroup Global Markets and one at Citigroup Technology, with separations starting between April 14 and April 18. By August, Crain's New York Business put the year's New York total at 900 jobs, about 5% of the bank's workforce in the state. New Jersey posted 141 statewide, 68 across Hudson and Bergen Counties, and 59 in Hudson County, the last of those with separations dated October 31.

• 2025 · Role-level cuts, reported as managing directors in the Wealth at Work unit and a team that gathered data and analysis for clients, alongside two Citibank filings in Jersey City in our tracker, the larger of them 67 jobs.

  Citi's chief financial officer Mark Mason told investors the bank would set aside about $600 million for severance, roughly double the $300 million it usually reserves. Individual terms not published.

• 2024 through 2026 · About 20,000 roles, roughly 10% of the workforce, under the reorganization Jane Fraser announced in January 2024, which also took the bank from 13 management layers down to eight.

  Citi told investors to expect as much as $1 billion in severance and restructuring expenses for 2024. Its 2025 annual report puts net restructuring charges at about $1.026 billion program to date.

How Citi's layoffs compare to other companies

Citi put a number, a deadline and a cost on its reduction, then reported against all three in filings anyone can pull up. That's why the gap between a 20,000-role target and a 3,000-person move in the year-end headcount is visible at all, and why severance here has a documented answer at the company level and none at the individual one.

What to do after being laid off from Citi

1. File for unemployment in the state where you worked. Benefits run from your filing date, and severance usually doesn't block you. Citi's biggest hubs: New York, New Jersey, Texas. Somewhere else? Every state is here.
2. Apply for financial and hardship assistance. Unemployment supplements income, but food benefits, health coverage and utility help are often available as well. Here's some of what Citi's hub states run: New York, New Jersey, Texas, and every other state is here.
3. Mind the health insurance window. Losing coverage opens a 60-day special enrollment period, and an ACA plan usually beats unsubsidized COBRA. Compare your options before the employer coverage lapses, and read how the COBRA clocks run if you are weighing it seriously.
4. Get your real runway number. Severance plus savings divided by reality. The calculator takes five minutes.
5. Know which clocks are already running. Severance review windows, COBRA election, visa grace periods, and 401(k) rollovers all run on federal deadlines that started at termination. All five deadlines are here.