Citigroup mulls at least 10% job cuts in major businesses - CNBC
© Reuters. FILE PHOTO: The logo for Citibank is seen on the trading floor at the New York Stock Exchange in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo
-Citigroup's managers and consultants working on CEO Jane Fraser's reorganization have discussed job cuts of at least 10% in several major businesses, CNBC reported on Monday, citing people with knowledge of the process.Citi had said in September it would strip out a layer of management and cut jobs in a sweeping reorganization that would give Fraser more direct control as she seeks to simplify the Wall Street giant and boost its stock price.
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