Citigroup (C) has started trimming staff as part an ongoing reorganization, saying in a statement, “the actions we’re taking to reorganize the firm involve some difficult, consequential decisions, but we believe they are the right steps.” These cuts consist of about 300 senior managers, according to a report from Bloomberg. Citigroup CEO Jane Fraser announced in September her plan to restructure and slim down the banking giant. Yahoo Finance Senior Reporter David Hollerith explains the layoffs and what lies ahead for Citigroup.
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See ya! Bankers can suck it!!
This dude is drunk!
Only 300 bankers?
These managers are corporate, not actual managers. Corporate workers have fake titles making over $500k 😅
The axe will fall in Feb24 on actual managers
Citibank should be in prison for tax evasion and business fees fraud and rigging the markets for ill gotten gains.
An tax payers bailouts money.