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Citigroup Plans to Cut 20,000 Jobs

Live Coverage FeedCitigroup Plans to Cut 20,000 JobsCiti CEO Jane Fraser in California in May. (patrick t. fallon/Agence France-Presse/Getty Images)Citigroup is pressing ahead with its multi-year restructuring plan. On Friday, the bank said it planned to trim some 20,000 jobs from its workforce by the end of 2026.The bank ended the year with about 200,000 employees, minus its Mexico operations, which it's spinning off.Citi swung to a loss in the most-recent quarter, with one-time charges hitting...

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