Citigroup to lay off 2,000 investment bankers and traders BOSTON, Mar. 20, 2008 (Thomson Financial delivered by Newstex) -- Citigroup (NYSE:C) Inc. intends to lay off 2,000 investment bankers and traders before the end of March, according to a New York Times report. In January, the New York-based broker had announced plans to terminate 4,200 jobs, mainly in the company's investment bank. According to the report, most of the job cuts will come from the bank's major offices in New York and London, and will bring total job cuts at Citigroup's investment bank to 6,000, or nearly 10% of its employee base. Citigroup employs roughly 387,000 employees worldwide. A spokesperson from the company was not immediately available for comment. The stock gained 24 cents, or 1%, to $20.65 on volume of 50,000 shares in premarket trading.