- Citigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions.
- Fraser, closing in on her third full year atop Citigroup, said in a release that the firm’s five main business lines would report directly to her.
- The changes will include job cuts, though the company hasn’t decided on a number yet, according to people with knowledge of the matter.
Citigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions.
Fraser, closing in on her third full year atop Citigroup, said in a release that the firm’s five main business lines would report directly to her.
The changes will include job cuts, though the company hasn’t decided on a number yet, according to people with knowledge of the matter.
This is breaking news. Please check back for updates.
Source: Finance - cnbc.com
