Thousands of people will lose jobs at Citigroup in 2024 as part of Chief Executive Officer Jane Fraser's bid to boost the Wall Street giant's returns. The New York City-headquartered firm said that it expects to incur as much as $1bn in severance and reorganisation costs.

Thousands to lose jobs as US banking giant Citigroup announces job cuts

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Thousands to lose jobs as US banking giant Citigroup announces job cuts