Citigroup axing 286 New York employees amid layoff spree
Check out what’s being clicked on FoxBusiness.com Citigroup is cutting about 300 employees in New York as it continues its massive layoffs to keep costs down, according to filings with the state Department of Labor. Approximately 239 employees will be cut from major bank subsidiaries, 44 from the broker-dealer division and three from the technology […]
Citigroup, amid layoffs, gives CEO Jane Fraser bigger pay raise than Jamie Dimon
Citigroup Inc. has increased Chief Executive Officer Jane Fraser’s compensation by about 6% to $26 million in 2023, the financier said in a Tuesday filing. Her salary consisted of a base salary of $1.5 million, a cash bonus of $3.7 million and deferred performance shares of $20.8 million, according to the filing. Mr. Fraser’s compensation […]