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Citigroup to Announce Fresh Job Cuts After Bonuses
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Citigroup to Announce Fresh Job Cuts After Bonuses
Citigroup is getting ready for another round of layoffs in March, continuing a personnel reduction initiative that has already resulted in the elimination of roughly 1,000 positions earlier this month. According to media reports, the proposed layoffs will be made public following the payment of yearly bonuses. Let’s explore the core reasons behind the layoffs.The Main Objectives behind Citigroup’s LayoffsThe bank's continuous efforts to reduce e…
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