US banking giant Citigroup starts layoff talks after management overhaul

US banking giant Citigroup starts layoff talks after management overhaul

FILE PHOTO: The Citigroup Inc (Citi) in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren/

As Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, say sources close to the situation.