Citi, Cost-Cutting

Citi cuts more jobs to reduce expenses: report (Update)
Banking giant Citigroup (NYSE:C) eliminated more jobs this week, with managing directors in the wealth business and technology unit leaving the bank, Bloomberg  reported on Thursday, citing people familiar with the matter.
Citigroup axes more jobs as part of ongoing cost-cutting plan
Citigroup is cutting more jobs this week after going through an overhaul last year, a spokesperson for the lender said on Thursday, as a part of the sweeping reorganization under Chief Executive Officer Jane Fraser to cut costs.
Citigroup Slashes Jobs as Cost-Cutting Continues
Citigroup is cutting more jobs this week after going through an overhaul last year, a spokesperson for the lender said on Thursday, as a part of the sweeping reorganization under Chief Executive Officer Jane Fraser to cut costs.
Citigroup cuts more jobs to invest cost savings in data quality and regulatory controls
Citigroup is working to streamline its operations and boost profitability to better compete with rivals. It aims to cut 20,000 jobs by the end of 2026. At the end of the fourth quarter, Citigroup’s workforce stood at 229,000, down 10,000 from the previous year.
Citigroup axes more staff as part of cost-cutting plan
Global bank set out an aim in 2024 to reduce jobs by 20,000 by the end of 2026. Read more at straitstimes.com.
Citigroup cuts more jobs to meet expense goals, Bloomberg News reports
Citigroup is cutting more jobs this week to meet CEO Jane Fraser's expense goals, Bloomberg News reported on Thursday, citing people familiar with the matter. Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank's clients,
Citigroup cutting more jobs to meet CEO’s expense goals despite strong quarter
Citigroup is cutting more jobs this week to meet CEO Jane Fraser’s expense goals, Bloomberg News reported Thursday, citing people familiar with the matter. Managing directors in the wealth and technology units are leaving the firm and Citi is also axing people from a team that compiles data and analysis on the bank’s clients,
Citi’s Co-Chief Information Officer Zafar to Depart Bank
Shadman Zafar, Citi’s co-chief information officer who has been key to leading artificial intelligence efforts, is leading ...
Citi’s Co-Chief Information Officer to Depart in Bank’s Latest Shuffle
Shadman Zafar, Citi’s co-chief information officer who has been key to leading artificial intelligence efforts, is leading the bank, employees were told on Thursday.