Providence-based Citizens Financial Group Inc. will lay off 125 workers in Bridgeport, a notice filed with the state Department of Labor shows.
The layoffs, which will take place between Aug. 1 and Oct. 24, will affect employees at 1000 Lafayette Blvd and are part of cost-cutting measures, said Lauren DiGeronimo, a bank spokeswoman.
DiGeronimo would not identify the business affected. But Citizens parent Royal Bank of Scotland had maintained a credit card operation in Bridgeport ever since buying the business from People's United Bank — then People's Bank — in 2004.
"As part of an effort to manage costs and improve efficiency, we are eliminating some positions in...