Peter Nerby News Today

Sweeping overhaul cuts costs by laying off 5,000 employees

Citigroup is expected to lay off support staff in compliance and risk management, as well as technology staff with overlapping functions, as part of its reorganization efforts. Managers have already started discussions with employees and one-on-one meetings about departures have begun. The bank aims to strip out a layer of management and cut jobs to boost profits and the stock price.

Citigroups support staff in compliance and risk management, as well as technology staff working on overlapping functions, are at risk of losing their jobs as the bank undergoes a reorganization

As Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs.

Citigroup Inc (NYSE: C) is reportedly considering job cuts, with insider sources indicating that support personnel in compliance and risk management are particularly vulnerable.  Moreover, there's potential for layoffs among technology staff members whose responsibilities overlap.

As Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, according to sources familiar with the situation. ...

As Citigroup embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, say sources close to the situation.

In less than two years at the helm of Citigroup Inc, Jane Fraser has unveiled plans to exit Russia in a bid to pare down risky assets and cull consumer businesses in 13 other countries to focus on

By Saeed Azhar NEW YORK (Reuters) - In less than two years at the helm of Citigroup Inc, Jane Fraser has unveiled plans to exit Russia in a bid to par...

Built-in advantages will enable G-SIBs to emerge stronger than ever in 2022, Moody's says