Frasers

Citigroup cutting 10% of workforce in CEO Fraser’s overhaul

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Jane Fraser, Citi, at WEF, Davos, Jan. 17, 2023. Adam Galica | CNBC 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 York-based Citigroup said Friday in a slideshow tied … Read more

Citigroup layoffs begin as part of CEO Jane Fraser’s overhaul

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Jane Fraser, CEO of Citigroup Inc., during an interview for an episode of “The David Rubenstein Show: Peer-to-Peer Conversations” at the Economic Club of Washington in Washington, D.C., March 22, 2023. Valerie Plesch | Bloomberg | Getty Images Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by … Read more