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Citigroup said on Monday its primary banking unit Citibank will lay off 363 employees in New York.

The bank said last week it was in the last phase of a sweeping overhaul aimed at simplifying its structure and reducing management layers.

Citigroup probes senior IPO banker over bullying claims

Citi has set a broader goal to trim its global workforce of 239,000 by 20,000 over the next two years.

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