Citi (C) is reportedly cutting roughly 1k jobs this week in cost-cut push

Citi’s decision to cut approximately 1,000 jobs signals a significant cost-cutting initiative amid current economic pressures.

Newsquawk StaffPublished 12 Jan 2026, 21:07 UTCOn the live feed at 20:47 UTC — 5 more headlines followed before this page went public

Newsquawk headlinesUTC

21:00

Wayfair (W) partners with Google (GOOGL) to advance AI-powered shopping for the home

21:00

New Zealand NZIER Capacity Utilization (Q4) 89.8% vs. Exp. 89.3% (Prev. 89.1%)

20:47

Citi (C) is reportedly cutting roughly 1k jobs this week in cost-cut push

20:45

US FX WRAP: Dollar hit on Fed independence concerns

20:45

TREASURY WRAP: T-NOTE FUTURES (H6) SETTLE 2+ TICKS LOWER AT 112-04+

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free

Free. No signup, no card.

Context

This move highlights potential challenges in the banking sector, possibly affecting investor sentiment regarding operational efficiency and future profitability. Additionally, look for any spillover effects on sector peers as the market digests how these layoffs impact competitive positioning.

All markets · last 90 days

Recent headlines that moved markets

FX/9 Sept · 15:01 UTC

US Treasury Buyback: Treasury to buy back a maximum of USD 6bln in 10-20year Treasuries on Thursday (vs guidance for at least USD 4bln).

USD/JPY, after we published+0.4%

USD/JPY rose over 50 pips as DXY strengthened.

ENERGY/8 Sept · 19:50 UTC

Iran launched an attack against US Navy ships on Monday that the US military has yet to acknowledge, WSJ reports, citing US officials.

Brent crude, after we published+0.8%

EQUITIES/8 Sept · 05:24 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Equity indices, after we published−0.3%

ENERGY/8 Sept · 05:23 UTC

Saudi Energy Minister says a number of energy facilities and utilities were hit; are temporarily halting some operations.

Brent Nov'26, after we published+1.0%

ENERGY/3 Sept · 08:03 UTC

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement.

with Brent Nov, after we published−1.3%

EQUITIES/3 Sept · 04:54 UTC

North Korea stripped references to "peaceful unification" with South Korea from the charter of its ruling Workers' Party of Korea, according to Yonhap.

Equity indices, after we published−3.3%

Newsquawk Daily

Get both market opens in your inbox.

This note and the other one — the EU open and the US open, every business day, written by the desk. No account needed.

Related headlines

The whole workspace, free to try.

© 2026 Newsquawk. All rights reserved.