Key Points
NEW YORK, Oct 4 (Reuters) - Citigroup (C.N) managers are reviewing staff rosters to determine by November who will stay in place, be reassigned or laid off during its biggest reorganization in decades, according to a global memo to staff on Wednesday seen by Reuters...
"Some roles will change, new roles may be created, and roles that do not fit our new structure will be eliminated," Sara Wechter, the bank's chief human resources officer, wrote in the memo..
Last month, Citi CEO Jane Fraser announced a sweeping reorganization to simplify the bank's structure after divesting from non-core markets and focusing on profitable areas..
Lananh spent more than a decade at Bloomberg News in New York and London, where she wrote extensively about banking and financial markets, and she previously worked at Dow Jones Newswires/The Wall Street Journal..
Lananh holds a B.A. in political science from Tufts University and an M.Sc. in finance and economic policy from the University of London.. Tatiana Bautzer is a U.S. banking correspondent at Reuters in New York..
