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In addition to the 20,000 job cuts at the company’s operations, the bank said it will shed 40,000 employees from its Mexican retail unit through an IPO, bringing the total headcount for the ...
In an exclusive report, The Wall Street Journal writes that "Citigroup Inc. (C) has told about five former top executives that it won't pay them tens of millions of dollars in promised severance ...
Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank's clients, according to a report by ...
What feels different here is that the bank is pointing where the cuts will be and quantifying those cuts. Citigroup Inc. (NYSE: C) may be announcing a restructuring effort today, but the move may ...
In October 2009, news reports announced that some employers who cut jobs due to the recession are beginning to hire them back. More recently, economists announced in January 2010 that economic growth in the U.S. resumed in the fourth quarter of 2009, [22] and some have predicted that limited job growth will begin in the spring of 2010. [23]
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 ...
Citigroup said it was cutting 10% of its workforce in a bid to help boost the embattled bank’s results and stock price.. About 20,000 employees will be let go over the “medium term,” New ...