According to market sources, Citigroup (C.US) is expected to dismiss more employees in March, following a round of layoffs affecting approximately 1,000 people this month. Insiders indicated that the new round of job cuts is anticipated to be announced after bonus payouts, though the exact number of positions to be eliminated was not disclosed. Sources stated that the March layoffs are highly likely to impact MD and senior-level employees across various business lines. Some high-level managers have already been reassigned to different departments to secure their positions ahead of the workforce reduction. The Chief Financial Officer of Citigroup recently stated during an earnings call that the bank has been consistently reducing headcount and expects this trend to continue, with the primary goal being cost reduction and efficiency improvement. He also mentioned that the bank's severance expenses last year amounted to approximately $800 million.