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Citigroup had roughly 200,000 workers at the end of 2023, ... Citigroup said the 20,000 job cuts could be “slightly lower” if it chooses to use internal resources rather than outsource functions.
Citigroup to cut 20,000 employees ... costs associated with about 7000 layoffs in 2023. These layoffs are part of Citi CEO Jane Fraser’s years-long effort to cut red tape at the company and ...
Citigroup's cuts punctuate a tough year for Wall Street and the rest of the banking industry. Big banks with large trading and investment banking operations have been struggling throughout 2023 to ...
Citigroup will cut 20,000 jobs over the next two years, the bank said on Friday, after reporting a $1.8 billion quarterly loss driven by a string of one-off charges. "The fourth quarter was very ...
Citigroup CEO Jane Fraser is betting a dramatic restructuring can revive the lender's stock price and remove decades of bloat.On Friday she disclosed how deep those cuts will go. The New York bank ...
A chunk of restructuring was completed last year after Fraser presented a plan in late 2023 to increase earnings, streamline operations and address long-standing deficiencies in the bank's data ...
November 7, 2023 at 4:55 AM. ... Fraser said there was “a clear-cut case for change at Citi.” ... The number of jobs that would be cut was not specified at the time.
In 2023, companies planned 721,677 job cuts, a 98% jump from 2022, according to a new report from professional outplacement firm Challenger, Gray, and Christmas. The number marks the highest ...