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Citi plans more layoffs for March, Reuters reports

Citi (C)group plans to lay off more employees in March following a round of about 1,000 job cuts this month, Reuters’ Tatiana Bautzer and Lananh Nguyen report. The next round of layoffs is expected to be announced after bonuses are paid, according to two sources with knowledge of the matter, adding that they are likely to affect managing directors and senior employees across business lines.

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