The bank, led by Jane Fraser, declined to say how many jobs would be cut in the changes, which are meant to shrink the top of the sprawling company.
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Bank declines to say how many jobs would be cut in the changes, which are meant to shrink the top of the sprawling companySimplifying Citigroup has been a top goal for CEO Jane Fraser since she took over the bank in early 2021.
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Citigroup CEO Jane Fraser reorganizes businesses, cuts jobs as bank is mired in stock slumpCitigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions. Fraser, closing in on her third full year atop Citigroup, said in a release that the firm’s five main business lines would report directly to her. This is breaking news. Please check back for updates.
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