(Corrects syntax in headline)

By Lananh Nguyen

(Reuters) - Citigroup will lay off 286 employees in New York, according to a filing to the State Department of Labor.

The reductions come as the bank carries out its biggest overhaul in decades.

(This story has been refiled to fix syntax in headline)

(Reporting by Lananh Nguyen in New York and Manya Saini in Bengaluru; Editing by Arun Koyyur)