Citigroup slashes promotions

Citigroup to Slash Year-End Promotions Amid Organization Overhaul
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Citigroup slashes promotions as it seeks to overhaul bank, FT reports
Citigroup is cutting the number of year-end promotions it awards as it seeks to hold costs down amid a long-term restructuring to shrink headcount, the Financial Times reported on Tuesday.
Citigroup slashes banker promotions in cost-cutting drive: report
Just 2,000 Citi employees can look forward to an early Christmas present of a pay raise and a more senior title, down from 8,000 in previous years, the FT reported.
"Morale pretty low" as Citigroup slashes year-end promotions
Citigroup has announced a dramatic overhaul to its year-end promotions process, slashing the number granted as it grapples with cost-cutting measures and a sweeping restructuring to shed jobs and streamline its operations, the Financial Times reported.
Citi slashes promotions, caps raises at 15%, says FT
Citigroup is slashing year-end promotions as part of its ongoing restructuring, The Financial Times reported citing unnamed sources.
Citigroup Slashes Year-end Promotions Amid Cost-cutting Drive
Citigroup plans to significantly reduce the number of year-end promotions to curb costs during its ongoing restructuring, the Financial Times reported on Tuesday.According to the report, only 2,000 employees are expected to receive pay hikes and title changes in the next month,
Citigroup slashes promotions as it seeks to overhaul bank
As few as 2,000 employees could receive pay and title bumps in the next month, down from about 8,000 in previous rounds
Citigroup slashes promotions to overhaul bank
Citigroup is drastically reducing year-end promotions, impacting around 2,000 employees compared to approximately 8,000 in previous years, according to the Financial Times. This move comes as part of CEO Jane Fraser's cost-cutting restructuring plan,
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