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14-09-2023, 12:24 PM
UPDATED SEP 13, 2023, 10:33 PM SGT
Citigroup is preparing for a wave of job cuts as chief executive Jane Fraser restructures the Wall Street giant to operate from five main businesses.
The company will no longer have three regional chiefs overseeing its business in about 160 countries around the world, according to a statement on Wednesday. At least four of Ms Fraser’s senior deputies got new roles in the shake-up, and the firm is looking for a head of banking, which includes oversight of the investment banking unit.
The moves will result in a number of job cuts, though the company does not yet have firm targets for how many employees will be affected
https://www.straitstimes.com/business/ba...-structure
Citigroup is preparing for a wave of job cuts as chief executive Jane Fraser restructures the Wall Street giant to operate from five main businesses.
The company will no longer have three regional chiefs overseeing its business in about 160 countries around the world, according to a statement on Wednesday. At least four of Ms Fraser’s senior deputies got new roles in the shake-up, and the firm is looking for a head of banking, which includes oversight of the investment banking unit.
The moves will result in a number of job cuts, though the company does not yet have firm targets for how many employees will be affected
https://www.straitstimes.com/business/ba...-structure
