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Citigroup last week implemented a new round of layoffs at its U.S. investment bank, with technology, media and telecoms among the business areas most affected.
The layoffs include several senior bankers as well as lower-level bankers, people familiar with the matter said. The layoffs also involve the departure of two managing directors from the fintech team.
Citi last week announced the completion of “major actions” in its restructuring plan, one of the largest in its history launched by Chief Executive Jane Fraser last September to streamline the bank’s operations.
(Source: enanyang Image source: unsplash)
