Group 1 - Citi Group is set to initiate a new round of layoffs, reducing approximately 1,000 positions as part of its previously announced plan to cut about 20,000 jobs by the end of this year [1] - As of the end of 2024, Citi's total full-time employee count is expected to be around 229,000, with ongoing reductions planned until 2026, although specific numbers have not been disclosed [1] - The adjustments aim to align employee numbers, geographic distribution, and professional capabilities with current business needs, reflecting operational efficiency improvements from technological advancements and progress towards the company's transformation goals [1] Group 2 - Since taking office in 2021, CEO Jane Fraser has been driving a large-scale organizational restructuring, with a reform plan announced at the end of 2023 aimed at enhancing profitability, simplifying business processes, and strengthening risk management and data governance [1] - Recent high-level personnel changes include the resignation of former CFO Mark Mason, with Gonzalo Luchetti appointed as the new Chief Financial Officer [1] - Citi's consumer banking network in the U.S. is smaller than some major competitors, with approximately 650 branches primarily located in six major cities [2] Group 3 - Last year, Citi laid off about 3,500 employees at its two technology centers in China as part of its global technology business integration and simplification efforts, aimed at strengthening risk management and upgrading data systems [2]
花旗(C.US)再挥千人裁员刀,两年“瘦身”两万目标加速推进