Boss John.....no worries, u can sleep well liao - Citi only reduce 500 Head counts this week in SG. All will be Heng Ong Huat lah

https://www.businesstimes.com.sg/co...nd-sweeping-overhaul-week-after-5-000-layoffs

Last Big round ish 3moons ago​

Citigroup to end sweeping overhaul this week after 5,000 layoffs​

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Published Tue, Mar 26, 2024 · 07:18 AM
Citigroup

  • The latest reshuffle finalises Citi’s new structure and is part of a broader goal to trim its global workforce of 239,000 by 20,000 over the next two years. PHOTO: REUTERS
  • The latest reshuffle finalises Citi’s new structure and is part of a broader goal to trim its global workforce of 239,000 by 20,000 over the next two years. PHOTO: REUTERS
  • The latest reshuffle finalises Citi’s new structure and is part of a broader goal to trim its global workforce of 239,000 by 20,000 over the next two years. PHOTO: REUTERS
  • The latest reshuffle finalises Citi’s new structure and is part of a broader goal to trim its global workforce of 239,000 by 20,000 over the next two years. PHOTO: REUTERS
  • The latest reshuffle finalises Citi’s new structure and is part of a broader goal to trim its global workforce of 239,000 by 20,000 over the next two years. PHOTO: REUTERS

CITIGROUP is in the last phase of a sweeping overhaul to simplify its structure and improve performance, the bank said, after shrinking its workforce by 5,000 employees since September.

The largest round of staffing moves, including reassignments and departures, will be communicated to employees from Monday (Mar 25) to Thursday, CEO Jane Fraser told employees in a memo seen by Reuters.
 
best all kena retrenched, next all cannot pay up their million dollar condos and all kena loan recall and cancellation and leads to a property nuclear meltdown, like Lehman, 1997 and Evergrande all put into in , multiply by 100.
 
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