(Bloomberg) – Citigroup Inc. CEO Jane Fraser received advice from Warren Buffett to continue with the bank’s reorganization efforts during a recent lunch meeting, as reported by Reuters.
Fraser shared details of her conversation with Buffett with managing directors, indicating that more information about the next round of the reorganization would be shared as soon as next week, according to Reuters. Citigroup declined to comment to the news service.
The 20,000 job cuts will include the impacts from a broad restructuring of Citigroup that Fraser initiated in September. The bank will begin eliminating more roles as part of…
2024-01-19 20:36:28
Source from finance.yahoo.com