“Citigroup considering at least 10% job cuts in major businesses…”
November 6, 2023
“Citigroup’s managers and consultants working on CEO Jane Fraser’s reorganization have discussed job cuts of at least 10% in several major businesses, CNBC reported on Monday, citing people with knowledge of the process…
Last month, Citi said it would cut management layers from 13 to eight. In the two top layers of leadership, 15% of functional roles were reduced and 60 committees were eliminated, it said…”
https://finance.yahoo.com/news/citigroup-mulls-least-10-job-132630486.html