Market Overview

Citigroup (C) To Cut 31 Jobs In West Sacramento

Citigroup Inc. (NYSE: C) has taken a decision to cut 31 jobs at its operations and technology site in the RiverPoint center in West Sacramento.

The jobs will be eliminated in a phased manner starting in the second quarter and continuing through the third quarter. The decision has been taken as Citi continues to improve efficiency and service and cut costs to give a boost to the underperforming North American consumer business division. The company is helping laid off employees at the West Sacramento site to explore options within and outside the company. The West Sacramento site currently has 250 employees.

Posted-In: News Markets

 

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