Search results
Mar 25, 2024 · Citigroup is in the last phase of a sweeping overhaul to simplify its structure and improve performance, the bank said, after shrinking its workforce by 5,000 employees since September.
Jan 12, 2024 · Citigroup will lay off 20,000 employees over the next two years, CFO Mark Mason said Friday. The reduction comes after the company reported a $1.8 billion net loss for the fourth quarter of...
Jan 12, 2024 · Citi's layoffs will bring its headcount to 180,000 by 2026, a Citigroup representative told CBS MoneyWatch. The cuts follow a smaller round of job reductions that eliminated roughly 10% of...
Nov 15, 2023 · Key Points. Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will be informed starting Wednesday, with new...
Nov 21, 2023 · The full reorganization could involve thousands of layoffs, according to a source familiar with the situation who was not authorized to speak publicly.
Jan 19, 2024 · NEW YORK, Jan 18 (Reuters) - Citigroup (C.N) CEO Jane Fraser held a conference call on Thursday with managing directors to discuss the bank's sweeping overhaul, according to two sources familiar...
Apr 15, 2024 · Citigroup is making progress on culling its employee ranks as part of its reorganization strategy. On Friday, the company said it has laid off or provided layoff notifications to 7,000...
Nov 17, 2023 · Citigroup plans to announce on Monday the first big round of lay-offs in a sweeping restructuring — the bank’s biggest revamp in nearly two decades — that will eventually result in thousands of...
Sep 13, 2023 · Citigroup unveiled a wide-ranging management shake-up on Wednesday, and its chief executive, Jane Fraser, admitted in unusually frank terms that the bank was headed in the wrong direction and...
Nov 20, 2023 · Citigroup C -3.73% began making an extensive round of layoffs and organizational changes, part of Chief Executive Jane Fraser ’s efforts to streamline the sprawling global bank. The bank didn’t...
