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Citigroup Initiates Restructuring with Leadership Changes
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Overview
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Citigroup has begun the next phase of organizational changes, resulting in leadership changes across various businesses and functions. The reorganization may lead to thousands of job cuts and the creation of new positions. The CEO is under pressure to revitalize the bank, and the restructuring aims to eliminate management layers and retain top talent.
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How does the CEO's pressure to revitalize the bank affect the restructuring efforts?
How will the job cuts and new positions impact Citigroup's workforce?
What are the potential benefits and drawbacks of eliminating management layers?
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