Citigroup Inc. will lay off 36 workers in Westchester County starting in November.
“We announced in early August to 36 employees at our conference and training center in Armonk that their jobs would be eliminated in November,” said Citigroup spokesperson Janis Tarter. “This decision is related to the repositioning actions Citi announced in December 2012 and will help us improve our efficiency and cost effectiveness while maintaining our high levels of service. We are helping these employees to explore other open positions within and outside of Citi.”
The company filed a notice with the state Department of Labor last week about layoffs at 188 King St. in Armonk.
The Armonk division serves as a conference and training center operated by 36 employees, a site manager and a small technology staff. After the layoffs, only the site manager and technology staff will remain.
“We are partnering with a professional services provider to manage our conference and training center in Armonk,” Tarter said. “We expect the service provider to offer jobs to a majority of the 36 employees at the center. This is part of our ongoing focus on increasing our efficiency, flexibility and cost-effectiveness while maintaining our high service levels.”
Citigroup employs 21,000 people in its New York offices.
Citigroup”™s second quarter earnings report showed an increase in net income from $2.9 billion last year to $4.2 billion this year in the same period.
The upswing in the company”™s earnings per share was driven by higher revenues and lower net credit losses, Citigroup reported.
