Source: Citigroup to carry out new round of layoffs in March.

According to two informed sources, after laying off about 1,000 people earlier this month, Citigroup is expected to lay off more in March. The sources said that the new round of layoffs is expected to be announced after bonus payments, but they did not specify the scale or locations of the previously unreported layoff plans. Citigroup CEO Jane Fraser continues to implement a comprehensive turnaround plan aimed at reducing costs, addressing regulatory issues, and increasing profits to help the bank catch up with competitors. One source said that the layoffs in March may affect general managers and senior staff in various business lines. The source said that some senior managers have already been reassigned to different departments to secure their positions. A second source said that this month's layoffs also affected many senior staff members.