The St. Louis Business Journal reported this week that Citigroup is planning layoffs at its O'Fallon headquarters.
About 20 of the 4,000 O'Fallon employees will lose their jobs as Citigroup cuts about 1,000 jobs across the nation.
The Journal quoted a company official as saying, “Citi will help impacted employees identify opportunities both inside and outside of the company. Impacted employees will be eligible for Citi severance benefits and transition support.”
Find out what's happening in O'Fallonfor free with the latest updates from Patch.
Last year, Citi eliminated 300 jobs in Missouri to reduce expenses.
Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.