Citigroup CEO Jane Fraser scraps five layers of management at Wall Street giant

almost 2 years in NY Post

Citigroup chief Jane Fraser has unveiled a plan to eliminate five layers of management in what is poised to become the bank’s largest restructuring in two decades, according to a presentation unveiled Friday. Since major reorganization changes were announced last month, Citigroup has scrapped its two core operating units — which had focused on institutional...

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