Citigroup Makes Fresh Round of Layoffs in Jane Fraser’s Restructuring Plan | EUROtoday

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Updated Nov. 20, 2023 11:52 am ET

Citigroup started making an in depth spherical of layoffs and organizational modifications, a part of Chief Executive Jane Fraser’s efforts to streamline the sprawling international financial institution.

The financial institution on Monday didn’t say what number of workers have been on account of be minimize on Monday and it hasn’t set a goal for complete layoffs. Instead, Fraser in September ordered her subordinates to remake their groups for a brand new alignment she devised after which minimize positions that now not have been wanted.

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