Citigroup to axe employees as part of its restructuring plans
Image Credit: strait times
Citigroup is gearing up for a major shake-up, with managers currently assessing staff positions to determine who will stay, be reassigned, or let go by November. In a memo from the bank's Chief Human Resources Officer, Sara Wechter, it was revealed that some roles will change, new ones may be created, and some eliminated. Employees whose jobs are cut may have the chance to apply for other positions, and the company will provide severance pay and notice periods where applicable.