Citigroup cutting more jobs to meet CEO's expense goals despite strong quarter
1. Citigroup is laying off employees to meet expense goals set by CEO Fraser. 2. Senior managers in tech and wealth divisions are part of the layoffs. 3. Restructuring began last year to enhance earnings and streamline operations. 4. Citi plans to list Banamex but may face delays due to market conditions. 5. The bank's stock rose 37% in 2024, outperforming peers.