- Associated Press - Thursday, October 30, 2014

DES MOINES, Iowa (AP) - Citigroup says it plans to lay off 370 employees in the Des Moines area by the middle of next year.

The company tells The Des Moines Register (https://dmreg.co/10CvjGc ) the decision came from “ongoing efforts” to increase efficiency of its operations.

Affected employees come from the company’s consumer banking business section. They represent more than two-thirds of Citigroup’s workforce in the Des Moines area.

Employees were told of the layoffs last week.


Information from: The Des Moines Register, https://www.desmoinesregister.com

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