Charted: Big bank cuts to come

Citigroup is reportedly starting layoff announcements this week in connection with the organizational overhaul it announced in September, according to CNBC.

Flashback: In an internal memo sent in September viewed by Axios, CEO Jane Fraser noted that some restructuring changes would be "communicated and implemented by the end of November, and final changes will be made by the end of the first quarter of 2024."

• A spokesperson today declined to comment further beyond a previous statement, Hope writes.

The big picture: Big bank execs warned of continuing headcount management on recent earnings calls as worries about deal flow and overburdened customers remain.

• Barclays most recently, for example, said it would start another round of restructuring, while Wells Fargo is reportedly cutting dozens of people in its corporate and investment bank division.