Key Points
NEW YORK, Nov 20 (Reuters) - Citigroup (C.N) employees expect the bank to announce layoffs and senior management changes on Monday as part of its biggest reorganization in decades, according to five sources with knowledge of the matter...
The job cuts could affect thousands of staff, according to a source familiar with the situation who was not authorized to speak publicly..
Executives are also likely to announce senior management changes by email, the source said.. Preparations for Monday's announcements were communicated verbally in meetings, according to a source familiar with the situation who was not authorized to speak publicly..
Reporting by Saeed Azhar, Isla Binnie and Tatiana Bautzer in New York; Additional reporting by Svea Herbst-Bayliss and Echo Wang; Editing by Lananh Nguyen and Lisa Shumaker..
Saeed Azhar is a Reuters financial journalist and part of the U.S. banking team, which covers Wall Street's biggest banks..
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