Tue, January 21, 2025
Mon, January 20, 2025
Sun, January 19, 2025
Sat, January 18, 2025
Fri, January 17, 2025
Thu, January 16, 2025
[ Thu, Jan 16th ]: MSN
Opening Bell: 1.15.25
Wed, January 15, 2025
Tue, January 14, 2025
Mon, January 13, 2025
[ Mon, Jan 13th ]: CNET
Rocket Money Review 2025
[ Mon, Jan 13th ]: CFO
A CFO action plan for 2025
Sun, January 12, 2025

Citigroup cuts more jobs to meet expense goals, Bloomberg News reports


  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. o-meet-expense-goals-bloomberg-news-reports.html
  Print publication without navigation Published in Business and Finance on by Reuters
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  Citigroup is cutting more jobs this week to meet CEO Jane Fraser's expense goals, Bloomberg News reported on Thursday, citing people familiar with the matter.

Citigroup Inc. is planning to cut more jobs as part of its ongoing reorganization efforts, according to a Bloomberg report on January 16, 2025. The bank, which has already reduced its workforce by about 10% since September 2023, is now targeting additional layoffs primarily in its investment banking and trading sectors. These cuts are part of a broader strategy to streamline operations and improve efficiency, following a year where Citigroup faced challenges including a significant drop in profits and a need to adjust to a shifting financial landscape. The exact number of job cuts was not specified, but the move is expected to help the bank meet its financial targets and adapt to regulatory changes and market conditions.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/citigroup-axes-more-jobs-bloomberg-reports-2025-01-16/ ]

Publication Contributing Sources