The Economic Times

Citigroup set to cut 1,000 jobs this week as CEO pushes 20,000-role global overhaul is Jane Frasers restructuring strategy aimed at lifting Citi earnings?

Citigroup will cut about 1,000 jobs this week as part of a 20,000-role global restructuring. CEO Jane Fraser aims to streamline operations, improve efficiency, and close performance gaps with rivals. Cuts focus on corporate, technology, and support roles. The bank employed 229,000 globally by 2024. Fourth-quarter results may reveal impact. Global risks including Middle East tensions affect strategy.