Citigroup Jobs

Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.

Earlier this month, Citigroup CEO Jane Fraser told investors in New York that the management has taken "hard, consequential, tough decisions"

Kimberly Nguyen holds the position of UX writer on a contract basis for Citigroup. She noticed that her employer posted a job listing the same role and realised that the firm was offering way more than what she currently earns.

Citigroup Inc. was the first major Wall Street bank to impose a strict Covid-19 vaccine mandate: Get a shot or face termination. With its deadline fast approaching, the company is preparing for action.

An Indian-origin bonds trader working with Citigroup in London has reportedly been suspended from his high-flying job over allegations of stealing food from the staff canteen at the office.

The focus on Wall Street will shift to corporate earnings next week after a strong June jobs report on Friday gave investors confidence that the US economy was on stable footing and left the S&P 500 within a whisper of a new closing record high.

Citigroup, which has more assets in emerging markets than other U.S. banks, has been exiting less-profitable markets and cutting jobs to become more efficient. The bank recorded $491 million in so-called "repositioning" charges.

Standard Chartered plans to hire at least 1,000 more staff in Africa in the next couple of years, an increase of more than 10 per cent, even as its expansion elsewhere has slowed.

In another sign of the banking industry's retreat from the mortgage market, Wells Fargo is selling servicing rights on $39 billion of home loans to a nonbanking firm.

Alan Johnson of compensation-consulting firm Johnson Associates expects chief executives to receive pay packages of $12 million to $25 million, even as investors question what they perceive as a misalignment between performance and pay.

Goldman Sachs Group Inc will begin its annual job cutting process as early as this week, sources familiar with the matter said on Monday, with its equities-trading business bracing for bigger cuts than fixed-income trading.

With an aim to save costs in troubled economic times, just 10 companies together have announced nearly one lakh job cuts worldwide since start of 2012, including giants like HP, Google and Citigroup.

Citigroup Inc said it is cutting 11,000 jobs worldwide, about 4 per cent of its staff, to save as much as $1.1 billion a year in expenses. Here is a breakdown of the planned job cuts:

The move will initially result in pre-tax charges of $1 billion to fourth quarter earnings, the company said in a statement.

He said 400 million new jobs could be needed to be generated in next 10 years.

Citigroup plans to cut 20,000 jobs over the next couple of years, the US bank said Friday, as part of a corporate reorganization designed to boost profits and return cash to shareholders.

Earlier this month, Citigroup CEO Jane Fraser told investors in New York that the management has taken "hard, consequential, tough decisions"

Kimberly Nguyen holds the position of UX writer on a contract basis for Citigroup. She noticed that her employer posted a job listing the same role and realised that the firm was offering way more than what she currently earns.

Citigroup Inc. was the first major Wall Street bank to impose a strict Covid-19 vaccine mandate: Get a shot or face termination. With its deadline fast approaching, the company is preparing for action.

An Indian-origin bonds trader working with Citigroup in London has reportedly been suspended from his high-flying job over allegations of stealing food from the staff canteen at the office.

The focus on Wall Street will shift to corporate earnings next week after a strong June jobs report on Friday gave investors confidence that the US economy was on stable footing and left the S&P 500 within a whisper of a new closing record high.

Citigroup, which has more assets in emerging markets than other U.S. banks, has been exiting less-profitable markets and cutting jobs to become more efficient. The bank recorded $491 million in so-called "repositioning" charges.

Standard Chartered plans to hire at least 1,000 more staff in Africa in the next couple of years, an increase of more than 10 per cent, even as its expansion elsewhere has slowed.

In another sign of the banking industry's retreat from the mortgage market, Wells Fargo is selling servicing rights on $39 billion of home loans to a nonbanking firm.

Alan Johnson of compensation-consulting firm Johnson Associates expects chief executives to receive pay packages of $12 million to $25 million, even as investors question what they perceive as a misalignment between performance and pay.

Goldman Sachs Group Inc will begin its annual job cutting process as early as this week, sources familiar with the matter said on Monday, with its equities-trading business bracing for bigger cuts than fixed-income trading.

With an aim to save costs in troubled economic times, just 10 companies together have announced nearly one lakh job cuts worldwide since start of 2012, including giants like HP, Google and Citigroup.

Citigroup Inc said it is cutting 11,000 jobs worldwide, about 4 per cent of its staff, to save as much as $1.1 billion a year in expenses. Here is a breakdown of the planned job cuts:

The move will initially result in pre-tax charges of $1 billion to fourth quarter earnings, the company said in a statement.

He said 400 million new jobs could be needed to be generated in next 10 years.