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650 Employees at Citi Bank Mortgage to be Laid Off

A Citi spokesperson says the first 50 people will be laid off between now and March and 400 of those employees they say currently work from home.
WASHINGTON COUNTY, Md. - Nearly 650 Citi Mortgage employees are being laid off this year from the Washington County branch.

A Citi spokesperson says the first 50 people will be laid off between now and March and 400 of those employees they say currently work from home.

Citi blames an improving economy for the cuts. They say they hired additional people when more mortgage's were in delinquency.

With times improving, they say there is less demand for their services.


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