Citigroup to Axe 1,000 Jobs This Week: A Push for Efficiency?

Key Takeaways C plans to cut about 1,000 jobs this week as part of a broader restructuring effort through 2026.Citigroup has already cut over 10,000 jobs, while simplifying management layers and operating structure.C expects $2-2.5B in annualized savings by 2026, driven by restructuring efforts.Citigroup Inc. (C) is preparing to cut about 1,000 jobs this week, according to Bloomberg News, published on MSN News. The move aligns with a broader restructuring plan announced in January 2024 that targets nearly 2 ...