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Citi CEO flags further workforce reductions
Citigroup’s CEO indicated more job cuts may follow as the bank accelerates restructuring and ends legacy operational practices.
Citigroup’s CEO warned that additional job cuts may be
required as the bank continues restructuring efforts to improve efficiency. The
remarks signal an end to legacy practices and a push toward leaner operations.
Cost control remains a priority amid tighter margins and regulatory pressures.
The announcement adds to broader concerns around job security within the global
financial sector.The remarks add to broader concerns around job security across
the financial sector.