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Citigroup to cut another 430 New York jobs as overhaul concludes

Second wave of cuts comes as Citi looks to conclude sweeping overhaul started in September

Citi has unveiled plans to cut 700 roles in New York since February
Citi has unveiled plans to cut 700 roles in New York since February Photo: Michael M. Santiago/Getty Images

Citigroup plans to cut a further 430 employees in New York as the Wall Street bank looks to conclude its sweeping overhaul kicked off by chief executive Jane Fraser in September.

The bank will reduce headcount within its Wall Street headquarters by 430 people, according to filings with the New York State Department of Labor on 1 April.

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