Citigroup CEO Fraser Calls for 'All Aboard' As She Overhauls Company With Job Cuts and Increased Accountability

Citigroup CEO Jane Fraser is overhauling the company, calling for buy-in from staff "Get on board or get off the train."
Fraser wants to make Citigroup more agile by flattening hierarchies, speeding up decisions, and increasing accountability.
The changes involve job cuts that will be "tough" and see some talented people leave.
Fraser says those remaining must "lean in" and help deliver the changes she has planned.
Some staffers welcome the logic of Fraser's shake-up, but others are uncertain about the future under her plan.

fortune.com

Relevant topic timeline:

9/15/2023

Citigroup Considers Layoffs in Overhaul to Streamline Management and Comply with Regulatory Order

Citigroup is set to lay off support staff in compliance and risk management, as well as technology staff working on overlapping functions, as part of its sweeping reorganization efforts.