Citigroup confirms ‘next layer of changes’ and ‘difficult’ decisions

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Citigroup Inc. on Monday said it has informed employees of a “next layer of changes” under Chief Executive Jane Fraser’s plan to streamline the bank, as it continues it biggest realignment in about 20 years.

Citigroup did not immediately respond to MarketWatch’s request for comment on reports that 300 senior roles are being affected in this specific move.

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