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Big banks led by Citi continue layoffs amid pressure to cut costs
https://www.msn.com/en-us/money/news/big-banks-led-by-citi-continue-layoffs-amid-pressure-to-cut-costs/ar-BB1lJ8YS
WebThe layoffs were part of a broader goal to reduce Citi's staffing by 20,000 over the next two years. Industry executives acknowledged the challenges in navigating the changing rate environment.
DA: 84 PA: 37 MOZ Rank: 20
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Citigroup to end sweeping overhaul this week after 5,000 layoffs
https://www.reuters.com/business/finance/citigroup-says-reorganization-has-concluded-2024-03-25/
WebMarch 25 (Reuters) - Citigroup (C.N) is in the last phase of a sweeping overhaul to simplify its structure and improve performance, the bank said, after shrinking its workforce by 5,000 employees...
DA: 63 PA: 71 MOZ Rank: 46
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Citigroup to cut 20,000 jobs by 2026 following latest financial losses
https://www.cbsnews.com/news/citi-layoffs-2024-20000-job-cuts-jane-fraser/
WebJan 12, 2024 · By Elizabeth Napolitano. January 12, 2024 / 1:59 PM EST / MoneyWatch. Citigroup is planning to lay off 20,000 employees, or about 10% of its workforce, in the next two years as it comes off...
DA: 38 PA: 34 MOZ Rank: 69
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Citi, Falling Behind Peers, Unveils ‘Uncomfortable’ Changes and Layoffs
https://www.nytimes.com/2023/09/13/business/citi-layoffs.html
WebSep 13, 2023 · Citi said Wednesday that it expected to disclose more information about layoffs before the end of November. “The risk for this type of move,” wrote analysts at Wells Fargo, “is always ...
DA: 87 PA: 68 MOZ Rank: 93
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Citigroup to cut 20,000 employees | CNN Business
https://www.cnn.com/2024/01/12/investing/citigroup-layoffs-earnings/index.html
WebJan 12, 2024 · New York CNN — Citigroup will lay off 20,000 employees over the next two years, CFO Mark Mason said Friday. The reduction comes after the company reported a $1.8 billion net loss for the...
DA: 82 PA: 76 MOZ Rank: 13
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Citi shuffles bosses in 'difficult' management overhaul | Reuters
https://www.reuters.com/business/finance/citigroup-employees-brace-layoffs-management-overhaul-sources-2023-11-20/
WebNov 21, 2023 · The full reorganization could involve thousands of layoffs, according to a source familiar with the situation who was not authorized to speak publicly.
DA: 15 PA: 93 MOZ Rank: 17
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Citigroup layoffs begin as part of CEO Jane Fraser’s overhaul
https://www.cnbc.com/2023/11/15/citigroup-layoffs-begin-in-jane-fraser-overhaul.html
WebNov 15, 2023 · Citigroup will soon begin layoffs in CEO Jane Fraser’s corporate overhaul, CNBC has learned. Employees affected by the cuts will be informed starting Wednesday, with new dismissals announced...
DA: 66 PA: 31 MOZ Rank: 63
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Citi Layoffs, Reorganization Are Progressing, CFO Says - Barron's
https://www.barrons.com/livecoverage/bank-earnings-jpmorgan-chase-citigroup-wells-fargo-stock/card/citi-layoffs-reorganization-are-progressing-cfo-says-B0tSOid1scZiLl5Ya0Lm
WebApr 15, 2024 · Citigroup is making progress on culling its employee ranks as part of its reorganization strategy. On Friday, the company said it has laid off or provided layoff notifications to 7,000 employees ...
DA: 38 PA: 11 MOZ Rank: 89
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Citigroup Set Aside Severance for 2,000 Additional Job Cuts
https://www.bloomberg.com/news/articles/2023-10-13/citigroup-set-aside-severance-for-2-000-additional-job-cuts
WebOct 13, 2023 · Citigroup has said that the overhaul will lead to more job cuts, but hasn’t yet put a number on the level of layoffs. Despite the cuts, firmwide headcount has actually remained flat for the...
DA: 34 PA: 40 MOZ Rank: 56
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Exclusive: Citigroup starts layoff talks after management overhaul
https://www.reuters.com/business/finance/citigroup-starts-layoff-talks-after-management-overhaul-sources-2023-09-14/
WebNEW YORK, Sept 15 (Reuters) - As Citigroup (C.N) embarks on a sweeping reorganization, support staff in compliance and risk management are among the most likely to lose their jobs, say sources...
DA: 88 PA: 18 MOZ Rank: 89
