(CNBC) When Citigroup CEO Jane Fraser announced in September that her sweeping corporate overhaul would result in an undisclosed number of layoffs, a jolt of fear ran through many of the bank’s 240,000 souls. “We’ll be saying goodbye to some very talented and hard-working colleagues,” she warned in a memo. Employees’ concerns are justified.
Citigroup considers deep job cuts for CEO Jane Fraser’s overhaul, called ‘Project Bora Bora’
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