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Citigroup said it would cut 20,000 jobs over the next two years, acknowledging a "clearly disappointing" quarter marred by one-off charges that resulted in a US$1.8 billion (S$2.3 billion) loss. Shares of the bank — which is in the middle of a multi-year effort to cut bureaucracy, increase profits and boost a stock that has lagged peers — are up...
C earnings call for the period ending December 31, 2023.
(CNN) -- Citigroup will lay off 20,000 employees over the next two years, Chief Financial Officer Mark Mason said Friday. The cuts come after the company
President Biden touted his administration's efforts to restore the economy amid record inflation and layoffs at some of the country's largest companies.
International Business News: Citigroup announces restructuring plan under CEO Jane Fraser to save $2.5 billion. Q4 performance disappoints with revenue drop; Fraser aims to reduce