"Citigroup's Massive Workforce Reduction Plan Unveiled"
TL;DR
Citigroup plans to cut about 20,000 jobs by the end of 2026, which amounts to approximately 10% of its workforce, excluding its Mexico business. This move is part of the bank's significant restructuring plan and cost-cutting efforts, announced alongside a fourth-quarter loss.
Topics:businessfinancebanking#citigroup#cost-cutting#financebanking#job-cuts#restructuring#workforce-reduction
- Citigroup Plans to Cut 20,000 Jobs - WSJ The Wall Street Journal
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