ESG & Investing
Citi Cuts ESG Analyst Jobs as Research Group Trimmed
- Move comes as Citi works through plan to cut 20,000 jobs
- Analysts had produced research that was offered free of charge
Citigroup is still working on a January pledge to eliminate about 20,000 jobs globally, or about 8% of its workforce.
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Citigroup Inc. has cut about five analyst jobs inside a small team dedicated to producing ESG and climate reports, according to people familiar with the development.
The analysts, who worked within Citi’s Global Perspectives & Solutions unit, left the bank at the end of last week, according to the people, who asked not to be identified discussing information that Citigroup hasn’t made public. Among the departures is Jason Channell, head of sustainable finance for Citi Global Insights, the people said.