712 Digital Group - top

Citigroup to lay off 370 Des Moines area workers

News

October 30th, 2014 by Ric Hanson

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 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.