Citi has a long history of:
Laying off at least once per year. Maybe not a massive amount each time but its done.
Following the lead of other banks. If other banks are doing it, then so will Citi.
So for now, Citi hasn’t laid off, but will. Other banks are doing now, so Citi will do it later.
Its coming, no question about that, but when?
Most likely before the end of Q1 before the March 401K company contributions so that they don’t have to pay that out. This would be my guess.