Citi Layoffs 2024 Reddit. My dad has been with citi for 25 years. Citigroup is planning to lay off 20,000 employees, or about 10% of its workforce, in the next two years as it comes off its worst quarterly financial results in more than a decade.
He’s working for citi in rutherford nj. Citigroup ( c) ceo jane fraser is betting a dramatic restructuring can revive the lender’s stock price and remove decades of bloat.
Citigroup Plans To Cut 20,000 Jobs Over The Next Couple Of Years, The Us Bank Said Friday, As Part Of A Corporate Reorganization Designed To Boost Profits And Return Cash To Shareholders.
Citi has taken pride on cutting staff very deliberately and making sure it gets the cuts right.
Dell Plans To Be Under 100K Headcount So We’ll See Big Consistent Layoffs.
Banker makes no apologies for his “golden age” of hiring.
Citi's Jane Fraser Tells Employees To 'Believe' While Suggesting More Job Cuts.
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Having Promised To Finish The First Stage Of Its 20,000 Job Cuts In The First Quarter Of 2024,.
The cuts, which were detailed in citi's earnings report on friday,.
The Changes Would Create Annual Savings.
Thereafter, it plans to cut 5,000 jobs from selling businesses and 10,000 jobs from cutting people in areas like technology and operations.
The Reduction Comes After The Company Reported A $1.8 Billion Net Loss For The Fourth Quarter.