Citigroup Inc. is planning to reserve $600 million for severance payments in 2025 as it continues to trim its workforce and cut expenses, according to Chief Financial Officer Mark Mason.

Citigroup lands in a familiar place with the gloomiest of the Wall Street forecasts for jobs: it's forecasting 120,000 jobs, the unemployment rate to rise to 4.4% and a 0.2% rise in average hourly ...