Citigroup, Wall Street's largest financial services firms, is planning its second round of large-scale layoffs in less than a year, CNBC has learned.
People inside Citigroup say the firm hasn't set a target number of cuts from its roughly 320,000 employees. But people with knowledge of the matter have described the pending job reductions as "massive" and "large."
A Citigroup spokesman had no comment.
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