Citigroup announced this morning it would lay off 11,000 employees — about 4 percent of its workforce — to save money.
A Citi spokesman said the layoffs are expected to have little impact in Maryland, where the company employs 3,600 workers. Less than 1 percent of those Maryland employees will be affected, the spokesman said. Citi plans to close one branch here while other affected Marylanders work in the operations and technology group, the spokesman said. The location of the branch wasn't disclosed.