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Citigroup to Cut 20,000 Jobs Over Two Years

Citigroup to Cut 20,000 Jobs Over Two Years
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Chris marinacMark masonJanney montgomery scottOctavio marenziJane fraserFinancial officer mark masonJanney montgomery

Citi to cut 20,000 jobs, posts $2 3 billion loss in disappointing quarter

Citigroup said it would cut 20,000 jobs over the next two years, acknowledging a "clearly disappointing" quarter marred by one-off charges that resulted in a US$1.8 billion (S$2.3 billion) loss. Shares of the bank which is in the middle of a multi-year effort to cut bureaucracy, increase profits and boost a stock that has lagged peers are up.

United statesOctavio marenziJane fraserMark masonJanney montgomery scottChris marinacWells fargoChief financial officer mark masonJanney montgomery

Citigroup to cut 20,000 jobs over next two years, following disappointing quarter

Citigroup to cut 20,000 jobs over next two years, following disappointing quarter
abc.net.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc.net.au Daily Mail and Mail on Sunday newspapers.

United statesJanney montgomery scottMark masonOctavio marenziChris marinacJane fraserWells fargoJanney montgomery

Citigroup to cut 20,000 jobs amid restructuring, posts $1 8 billion

International Business News: Citigroup announces restructuring plan under CEO Jane Fraser to save $2.5 billion. Q4 performance disappoints with revenue drop; Fraser aims to reduce

Janney montgomery scottChris marinacJane fraserMark masonCitigroup incJanney montgomeryJob cuts at citiCitigroup job cutsCiti restructuring

Citigroup Continues to Cut 20,000 Jobs, a Disappointing Quarter s Overhaul that Marked $1 8B Loss

Fraser mentioned that efforts to streamline its structure will be mostly finished this quarter, resulting in savings of $1 billion and the removal of around 5,000 primarily managerial roles. Read more.

United statesJane fraserChris marinacMark masonUnsplash declan sunOctavio marenziJanney montgomery scottWells fargoCitigroup bank photoBoom is threatening bank jobsCitigroup bankDeclan sunChief financial officer mark masonCitigroup saysCitigroup restructuringBank overhaul