Citi Aligns Organizational Structure With Its Strategy and Simplifies Operating Model
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In effect, the leaders of Citi’s five interconnected businesses will now report directly to the CEO and be members of the executive management team.
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...
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