Citi warns UK staff of cuts as hundreds of roles could be affected. According to a memo Reuters saw on Friday, Citigroup (C.N.) has informed its employees headquartered in the United Kingdom of the possibility of being laid off as the lender moves through with a comprehensive reorganization. This move has the potential to disrupt hundreds of employment in the country.

The bank, which has approximately 16,000 workers in the U.K., has announced that it is moving into phase two of its ambitions to streamline its banking structure. As part of this process, the bank will set up a consultation process in which staff will have the opportunity to provide their views.

We anticipate that the reviews will result in adjustments to some roles and a reduction in the number of roles in certain areas of the business. According to the memo received by Reuters, U.K. Citi Country Officer James Bardrick advised employees that in some circumstances, colleagues may be put in danger of being made redundant.

Employees in Britain and North Ireland who worked for the bank were not informed of the number of positions that would be cut. In a statement given to Reuters, a spokeswoman for Citi said, “As we take the necessary next steps to align our organization model with our strategy, we’re committed to following all legal and regulatory requirements and, more importantly, supporting our colleagues through these changes.”

After CEO Jane Fraser announced earlier this month that Citigroup, the third-largest bank in the United States, would eliminate a layer of management and reduce positions, bankers have been preparing themselves for upcoming changes. As part of the reorganization, each of the company’s five divisions will now report directly to the CEO, while regional responsibilities in areas outside of North America will be eliminated.

“Change isn’t easy, and we recognize the uncertainty that many of our colleagues are experiencing,” added Bardrick. “We recognize the uncertainty that many of our colleagues are experiencing.” “We are moving at a fast pace to provide clarity while following our processes and allowing for needed input from team leaders.”

It is still unknown which departments within the bank’s operations in the U.K. will be subject to layoffs.

When there is a possibility that more than 20 positions will be eliminated, local regulations mandate that employers have employee consultations.

As part of a collective consultation process, Citigroup has stated that it would confer with the London Consultation Forum (LCF) throughout the upcoming weeks. In addition, it will allow workers based in Belfast to vote for representatives as part of the consultation process.

The bank stated that it would conduct individual consultations with workers whose jobs were at risk of being eliminated.

To obtain greater direct control over its subsidiaries and enhance earnings and share price, Citi has undergone what has been termed by Fraser as its most significant organizational reorganization in almost two decades.

According to a report by Reuters, in recent days in the United States, Citi began having conversations with its employees about the possibility of layoffs. Among those areas targeted were support staff in compliance and risk management.

According to Reuters’s reporting, members of the technology staff who worked on overlapping functions were also at risk of being let off.

According to an internal memo Reuters reviewed, Kristine Braden, the Chief Executive Officer of Citibank Europe, would depart the business after serving there for the past 25 years as part of the ongoing organizational restructuring.