Citizens Financial Group layoffs unknown number of employees

Citizens Financial Group has laid off an unknown number of employees across 12 states including Rhode Island, a bank spokeswoman tells WPRI 12. The bank is Rhode Island’s second-biggest corporate employer, behind only CVS Caremark, and its seventh-largest non-governmnet employer, according to the EDC.

Citizens is owned by the Royal Bank of Scotland, which remains 84% owned by the British government after it required a bailout to stay afloat amid the 2008 financial crisis.

Source: WPRI