Updated Jan. 12, 2024 4:48 pm ET
Citigroup plans to eradicate some 20,000 jobs by the tip of 2026, marking the subsequent section of the financial institution’s most dramatic restructuring plan in many years.
The cuts will trim about 10% of Citi’s head rely, which totaled 200,000 in December excluding the workers employed by a Mexico enterprise that’s being spun off. Citi detailed its cost-cutting plans on Friday, when it additionally introduced a fourth-quarter loss.
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Source: wsj.com
