Citigroup to close global distressed-debt unit
Citigroup is exiting businesses with poor returns to bolster the bank's odds of hitting Fraser's performance targets.
Source: cnbc.com
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Citigroup employees told they can work remotely until new year
Citigroup employees worried about CEO Jane Fraser's sweeping overhaul expressed concern over whether their jobs will exist in the new year.
Source: cnbc.com
Citi rings in changes as global restructuring under CEO Jane Fraser's Project Bora Bora hits Australian shores
Local investment and corporate banking bosses will report to new heads, while staff expect more lay-offs to come in the next quarter.
Source: afr.com
Citi bankers brace for job cuts as 'Project Bora Bora' advances
The US bank could cull back-office roles and eventually some banking positions as it embarks on a restructuring that reduces management layers and its overall workforce by at least 10 per cent.
Source: afr.com
Citigroup Employees Brace For Management Reshuffle And Layoffs On Monday: Report - Citigroup (NYSE:C)
The restructuring plans follow Citi's announcement last month of its intention to decrease management layers from 13 to eight.
Source: benzinga.com