Chicago's Financial Future: Layoffs Loom as CFO Exits
Chicago, Illinois, USAThu Jan 08 2026
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Chicago is in a bit of a pickle. The city's top money manager is leaving, and the mayor is talking about possible job cuts. This is all happening after a recent budget showdown. The mayor, Brandon Johnson, is trying to stay positive about finding a new finance chief, but he's also warning that layoffs might be on the way by the middle of the year.
The outgoing CFO, Jill Jaworski, is moving to a nonprofit. She's leaving just after the city council approved a budget that didn't get the mayor's thumbs up. This budget disagreement has some people worried about money troubles ahead.
At a recent press event, Mayor Johnson didn't beat around the bush. He said layoffs could be coming, but he didn't say how many people might be affected. This news has a lot of city workers on edge, wondering what's next.
The city's financial situation is under the microscope right now. With a new CFO needed and layoffs possibly around the corner, it's a tough time for Chicago's budget. The mayor is trying to keep everyone calm, but the uncertainty is real.
This isn't just about numbers on a page. Real people could lose their jobs, and that's a big deal. The city is at a crossroads, and the choices made now will have real consequences for everyone involved.
https://localnews.ai/article/chicagos-financial-future-layoffs-loom-as-cfo-exits-215f26aa
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