Citigroup to cut 20,000 jobs amid restructuring, posts $1.8 billion – Times of India
[ad_1] Citigroup Inc has announced a major restructuring plan under CEO Jane Fraser‘s leadership, aiming to eliminate 20,000 roles. This move, integral to Fraser’s strategy, is expected to save the company as much as $2.5 billion, positioning it for stronger returns in the coming years.Challenging timesDespite the planned savings, Citigroup braces for immediate costs.”In the…