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Citigroup is preparing for a wave of job cuts as Chief Executive Officer Jane Fraser initiates the biggest restructuring of the Wall Street giant in two decades, part of her effort to reverse a years-long slump in the stock price.
Citi announced significant changes to its organizational model that will fully align its management structure with its business strategy and simplify the bank. The new, flatter structure elevates the leaders of Citi’s five businesses and eliminates management layers, which will speed up decision making, drive increased accountability and strengthen...
Citigroup Inc.’s stock was up 0.8% in premarket trading on Wednesday after the megabank said it would reorganize into a flatter structure with leads of its...
Citigroup CEO Jane Fraser announced a major management reorganization that will give her more direct oversight over its businesses.
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