Citis Australian workforce are bracing for layoffs as the US bank rolls out a global restructuring that will involve thousands of job losses.
Local positions under threat included back-office roles, such as compliance and risk, while Citis broker-dealer arm could have some staff reductions, people familiar with the reorganisation told The Australian Financial Review. A later phase of job losses may affect Citis investment bankers, the people said.
It was not immediately clear which positions would be axed, but Australian-based roles with broader Asia-Pacific duties could be cut.
Citi remains very comm…
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