The Economic Times

Citi CEO Jane Fraser's stark warning to staff amid bank's job cut announcement, says 'every one of us has to adopt...'

In a memo titled 'The Bar is raised', Citi CEO Jane Fraser has issued a stark warning to employees to improve their performances this year, asking them to adopt more commercial mindset. This comes after New York-based Citi Bank announced 1,000 job cuts to reduce the headcount in 2026. Jane Fraser also said the company is shifting the focus of how they can turn the focus to AI for further innovation.