Citigroup (Citi) has informed its UK-based employees about potential redundancies as part of a broader restructuring effort. The bank, which employs approximately 16,000 people in the UK, is entering the second phase of its plans to streamline its banking operations. While the bank did not specify the exact number of jobs that could be affected, it mentioned that some roles would be reduced, and others would undergo changes. A consultation process will be established to gather employee feedback. Citigroup stated that it is committed to following all legal and regulatory requirements and supporting its employees through these changes.