Citi(US:C) Xin Lang Cai Jing·2026-01-14 18:25Core Viewpoint - Citigroup's CEO Jane Fraser indicated that the company is raising performance expectations and hinted at further layoffs this year, emphasizing results over effort [1][4]. Group 1: Layoffs and Workforce Changes - Citigroup is expected to lay off approximately 1,000 employees this week as part of its restructuring efforts [3][6]. - Fraser mentioned that the company aims to eliminate outdated practices and foster a more disciplined and confident workforce by 2026 [1][4]. - The company anticipates that automation, artificial intelligence, and process simplification will reshape job roles, leading to the creation of new positions while rendering some existing roles obsolete [3][6]. Group 2: Performance and Regulatory Compliance - Fraser has been urging employees to focus on achieving profitability goals and enhancing investment returns for clients [3][6]. - Citigroup reported that 80% of its projects aimed at addressing regulatory issues have reached or are close to meeting their targets [3][6]. - Once these regulatory projects are completed, some employees hired to meet compliance requirements may face layoffs [3][6].