January 12, 2024
January 12, 2024
Citigroup to cut 20,000 employees
Shares of Citi were down 1.2% in afternoon trading.
Increased corporate activism and a desire for ‘wartime’ finance chiefs with experience during downturns are driving companies to beef up hiring practices
CEO used JPMorgan’s massive balance sheet to beat out smaller banks to buy troubled lender
Years of losses and a failed turnaround plan left the retailer struggling to stock stores. The company expects all its retail locations to eventually close.
