Page 13 - Andy Sieg News Today : Breaking News, Live Updates & Top Stories | Vimarsana

(Bloomberg) -- Citigroup Inc. is preparing for a wave of job cuts as Chief Executive Officer Jane Fraser restructures the Wall Street giant in an effort to reverse a years-long slump in the stock price. Most Read from BloombergChina Sows Fresh Confusion About Apple With Security RemarksLuxury Cruise Ship Full of Australians Stuck in Greenland ArcticCiti Plans Job Cuts as It Revamps Top Management StructureiPhone Pro’s Titanium Finish Stands Out in First Look at DeviceApple’s iPhone 15 Debut Incl

The head of the nation's third-largest bank said the changes won't be 'universally popular' within Citigroup.

Leaders of Citi’s five businesses to report directly to the CEO Delivery of Citi’s global network enhanced through streamlined geographic structure New Client organization to strengthen...

The company will no longer have three regional chiefs overseeing its business in about 160 countries around the world, according to a statement Wednesday.

The management reorganization comes as Citigroup CEO Jane Fraser seeks to simplify the bank’s structure