Citigroup Inc laying off less than 1% of its workforce; in line with peers.

The latest move comes after other major Wall Street banks such as Goldman Sachs and Morgan Stanley cut thousands of jobs after a tough year for dealmaking activity.

Citigroup Inc is laying off less than 1% of its workforce, excluding its remediation team working on a consent order.

Citigroup’s remediation team works on a 2020 consent order issued by regulators.